My wife and i plan on moving to thailand next year ( retirement ) first on a visa exempt ( we are from america ) then getting the non o visa once there, then extending it , my question is how do or can i open a bank account in thailand to deposit the 800000 for each of us on a visa exempt, or would it be easier to use a visa agent or agency. I already own a condo we bought 2 years ago.

For those who want to open a bank account I want you to watch this to pay very special attention to: 12:00-12:15

“What triggers expatriation into thailand”

“Opening a bank account and trnasferring funds into that bank accout”

This is how I take that.

1. If you make a bank account here, it is purely to make your tax simpler/easier. I’m going to call an accountant tomorrow to see if we even need to lodge a return if we don’t bring any money in, but I assume we do over 180 days. If someone knows, please comment. I would prefer not to have to make a return if not needed.

2. All your spending should be with revolut and wise to not trigger expatriation. Do not just simply transfer money into a Thai bank account willy nilly. Only transfer money in you expect to be taxed. So 149,999 cap if you want to do it tax free.

I’m not sure if Western Union counts but I might even take that out somewhere else in the 6 month break.

Hello… This August I will be renewing my 1year extension Non-O based on being 50+

January i opened a second savings account and placed my 800,000+ baht into it, that way I never used it and only used my original account for daily living etc , part of the reason I did this was because I didn’t want stacks of paperwork from the yearly activity that immigration requires that I have showing that I’ve never gone below 400,000 and maintained 800,000 when required months….Question is, will I need copy requests from both accounts showing the whole year requirement money, how do I go about this? I figured I’d make life easier for me but now I think I didn’t 😔

Have any of you been forced to shut down your bank account in your home country (because you're no longer a resident) and move all your financial assets to a Thai bank?

If so, were you able to invest for retirement with the Thai bank as you normally would back home? And is that only in THB or could you also invest in other hard currencies (USD, EUR, etc.) with a Thai bank?

Could some help me out,if want to rent 1 year but out of Thailand say 2 month how to pay power and water

Thank you

Hi i am planning on moving over to thailand on non "o" 90 day visa then non"o"retirement visa in the future, my question is can i have two bank accounts in thailand(one with money in for retirement application 800,000 thb or above and just leave that account just for visa extentsions, just to be safe and dont need to touch) and another for day to day spending and bills etc.

i already have a thai bank account with Bangkok bank.

thanks

Hi guys! I have a question. 800,000 on deposit. Should I transfer them from abroad or i can deposit cash? Thank you