Switching from banked money method to monthly income method on 'retirement' extensions

This gets asked a LOT so I thought I'd take a minute and go over

Let's supposed you are currently on a yearly extension of stay based on 'retirement' using banked money method <- that you got on your own by banking your own funds :)

AND

You want to switch over to monthly income method as proof of funds, but you come from a country whose embassy no longer issues the affidavit of income from abroad notary letter (US/UK, Australia and many others)

What you need to do is;

You have to continue to meet the seasoning requirements for the current yearly extension you're on using banked money method <- keep the 800K baht in the bank account for 3 months after your extension was granted and then you can't let the balance go below 400k baht the rest of the year

AND

While doing that you also need to transfer in to a thai bank account in your name only a minimum of 65K baht per month, each month, every month for the previous 12 months before you apply for the NEXT yearly extension..

You need to follow the rules for the extension you're currently on where you used banked money method and the one you will be applying for in a year using monthly income method.

It is not brain science or rocket surgery, you need to realize you have to meet both sets of requirements..

couple more things, just so everyone is clear,

If you come from a country whose embassy here doesn't issue the income affidavit notary letter you cannot use monthly income method to get either the initial 90 day Non-O visa from the immigration office here or the first yearly extension from a Non-O visa <- because you need 12 months of incoming overseas transfers to use monthly income method by transfer..

Hope that was clear enough, if you have questions ask away on this thread (y)

When transferring USD from my local bank to Wise and then to a Thai bank…about how much is WISE going to charge for their transfer fee? 25k usd being transferred to open bank account. I’m seeing $196. 🤷 and send it as USD and receive as Thai baht or receive as USD to Thai bank?

Whereas my Charles Schwab account will only charge me $15 via wire transfer but will take 3-4 days to be in Thai bank. Is there a massive charge on the Thai end? What am I missing? First timer here. Thanks! And no, not using an agent!!!

Maybe this is a silly question but I will use minimum 65 000 baht per month transfer to my Thai bank account for my 1 year extension (Non-Immigrant O retired in the bottom) because Immigration Office refused my income letter from Swedish Embassy in Bangkok.

So, I understand that every single month 65 000 baht must be transferred to my account in my name only, it need to be shown as transactions from outside Thailand.

Does it matter how many days it is between these monthly transactions or is it okay as long as it comes into my account every calendar month?

I mean for an example 20th November, 10th December, 15th January and so on, is there a minimum/maximum days rule between these transactions?

Thanks.

Hi all I want to send money from my UK bank to my bank in Thailand just wondering if anyone could advice.is it best to send in baht or pounds sterling my bank charges a fee plus I get a lower exchange rate when its sent to thai bank appreciate any help thanks in advance

Hi, I already use Wise to transfer money from the UK but am retiring to Ubon in January. What are the benefits of, and is it worth getting, the Wise card instead of ad-hoc transfers? Thanks and stay safe