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bank requirements
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I recently had my Non-O retirement visa extended, but BB’s new policy made the process extremely difficult, complicated, and costly in both time and money.
I would now like to transfer my funds from BB to another bank. Would it cause any problems if I withdraw all the money from my BB account, which I used for the visa extension, since one of the conditions requires maintaining a minimum balance of THB 400,000? Or, as long as I have THB 800,000 (THB 400,000 2 months prior to the filling date) in any Thai bank account, would that be acceptable?
In other words, for my future visa renewal, must I continue using the same bank account that I originally used for the visa application and initial renewal?
If anyone has experience to share, I would appreciate it.
*update* My bank has opened the account for me and I can freely transfer the funds in and out online. I will transfer the funds once Ive entered Thailand in a few days. Thank you for everyone's input.
Hello fellow DTV holders,
I am a Canadian currently in Canada visiting back home. My bank has informed me that I can place my funds in a high interest savings account where I can get a 4 or 5% interest rate. This account will be accessible online and I can transfer funds immediately to my regular checking and saving accounts in the event I need the funds right away. However I do not have access to this account with my debit card.
Question, if I transfer my funds to the high interest savings account will Thai immigration accept this like my regular account in the event I am asked to show proof of funds?
For obvious reasons getting a 4-5% rate on my 500,000 baht equivalent would be preferable but what I want is not what Thai immigration wants and fairly so.
Quick question please. I am here on a 90 day Non O visa, have just opened a bank account etc. am I correct that when I apply to extend my visa to 12 months, I simply go to immigration before expiration date and apply to extend it. Clearly I need all of my documents, proof of bank account and 800,000 etc to complete that process ? I had read in one post that you needed to go there and apply 1 month before hand.
I am hearing some changes to renewing a one year retirement visa?
I used an agent last year. I have a bank account with Bangkok bank. Agent says no problem come 1 month before its due. I have a few months..... What's everyone's expierence since renewing with their agent only in last few months or so.
Appreciate response. I used search function. Didn't find anything.
I am hearing about bank accounts being frozen and other issues.
My embassy doesn't verify funds for me.
Also I was ignorant and did not update my passbook as I couldn't find it for a bit so it doesn't show my consistent income of 65k + monthly entries .
Is there a way to get that from bank ? Is it necessary. ?
I really dont want to put up and leave 800k in a bank here. Whole reason I did my visa with an agent. If you know you remember how that hurdle is addressed. I am hearing that they can't do that anymore. Hence the 4 month freeze is what i think they're doing. Hopefully this makes sense. Thanks for the help.
Good morning, so in 2 months and 3 weeks I am going to apply for the retirement visa non-o in Jomtien as I will reach 50 yo.
I have the 800k sent by international transfer that have been sitting for years in my Bangkok bank account.
My first question is what needs to be done with the bank in advance. I am going to update the bankbook at the machine every months from now.
Do I have to get a letter certifying the funds have been there for a while with the bank as well ? Should I wait the day after I am 50 yo to ask for this letter?
Any other administrative stuff that need to be done long before applying for the visa. Thanks
I finally found a bank to open an account for me, but it has taken me 3 weeks to do it. I came into Thailand on a 90 Day Non O Visa based on family (married to a Thai). I put the 800K Baht into the bank and have to leave it in there for a minimum of 2 months before I apply for a Non O Retirement Visa. I am also told that when I apply for my visa I must apply at least 15 days before expiry of my 90 Day visa. I will only have 9 days left to apply.
Can I extend my 90 Day Visa for a week or 2. Or must I leave Thailand and come in on a 30 day Exemption. Any other thoughts?
Will soon submit my request for extension of stay with one year this week, based on the appointment with the IO in Koh Samui (Non-O Retirement). With regards the usual bank paperwork for the thb 800k (held over past 12 months) , has anything changed this year?
I ask so because I just saw a YouTube video stating several retired people were rejected in their extension request by their IO because they reportedly could not prove the 800k originated from sources abroad, whilst this same money was already in their bank for last few years, and during last year extension this was not an issue.
Note 1: the example stated the person had taken some funds over past year and replenished this later to the required 800k, from local sources he held in Thailand.
Note 2: the checklist I received from IO last week does not indicate any different requirements, except I had to agree that they have the right to investigate my data and documents provided.
--> Please your advice on this matter of the 800k (which I have held in my SCB account for 2+ years, and have never taken any of it.
Report on my trip to CW yesterday to apply for my second stay extension based on marriage to a Thai citizen.
Two weeks prior my wife went to Huay Kwang District office to obtain an updated copy of our marriage certificate ( KR2). Easy to do. She just had to show her ID card and a copy of our original certificate. And pay 20 baht per copy of course.
Went to Bangkok Bank in the morning before going to CW for my 2pm appointment. No problem to obtain the bank letter or statement. Didn’t have to fill out any forms committing to keep funds in my account for any period of time. I had kept a balance over 400k for more than 4 months prior anyway but it wasn’t mentioned.
Went to CW for 2pm appointment and was finished and out of the door by 3pm. Went like clockwork. All discussions were between my wife and the IO in Thai and the IO only comment to me was to recommend that I get a new passport before applying next year as my passport expires next September. Back in 21 days to get the extension inked in. Note that IO did not ask for the updated KR2. At the end of the process she took a photo of my wife and I jointly holding up a sign in Thai that my wife said it stated in Thai that we are married so that may have been the necessary confirmation that we are still married. IO stated that my wife could come alone on 15 August to get my extension inked in ( having observed that my mobility isn’t good) but confirmed that I would have to attend in person if I wanted to apply for a RE permit. She suggested that I apply for the RE permit at the airport when I leave which sounds like a plan to me.
In conclusion meticulous preparation paid off and I am attaching my homemade check list in case it helps others. Note for the family photos I provided 6 photos printed 2 per page directly onto glossy photo paper with captions below and she was quite happy with them.