Advice needed please.
I am in Thailand on a Non-Res O visa 90 days & changing to a Non Res O retirement visa in November.
1. Plan on getting a bank account in Chiang Mai early next week.
2. Initially I will put in 65000 month until 15 days before expiry of current visa then top it up to 800000 baht.
Objective; Eventually I want to just do the monthly deposit & not leave 800000 in a low interest situation.
Question 1. if I make the bank balance up to 800000 baht before November AND continue paying 65000 month, am I able to draw out the full 800000 at some point to return it to home country?
Question 2. Can I use the money in this account to live on?
Thanks