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bank deposit method

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This page displays all the results for the Bank Deposit Method tag, sorted by the most recent activity. There are a total of 5 questions that have been tagged with Bank Deposit Method. Explore the questions to find discussions and information relevant to this topic.
Aug 11, 2024
2 years ago
Bob **********
ORIGINAL POSTER
Greetings all.

Can someone help with information on the steps of converting from a Marriage Extension (400,000B in the bank method) to a Retirement Extension (monthly income method). I have been trying to research this but have not had success.

Any help will be much appreciated.
4 comments
Jul 12, 2024
2 years ago
John *********
ORIGINAL POSTER
I have been using the 800 000B deposit method for the last five years of visa renewal. I would now like to withdraw those funds after my recent renewal two weeks ago. I have for the last two years been running the monthly income method concurrently with this in mind. Am I safe to now withdraw those funds do you think and use the income method at next renewal. Many thanks in advance
16 comments
Jun 13, 2024
2 years ago
Michael ********
ORIGINAL POSTER
I am currently on a non-O retirement visa. I started with the 800,000 in my Thai bank but have been making deposits of 65,000 or more every month without missing any month for a year now. My visa will need to be renewed in 90 days as I just did my 90 day reporting yesterday. Can I use the money in the bank and go below the 400,000 and switch to the required monthly deposits from my US bank when I apply for another year extension without an affidavit of proof of income? Hopefully I used the correct terminology.
13 comments
Nov 26, 2022
3 years ago
John ******
ORIGINAL POSTER
Chiang Mai O based on retirement renewal.

Is the income method currently accepted? I asked a snarly I/O who said "I recommend you stay with the 800K deposit.

I don't care about his recommendation, I want to know if the income method works these days.

Previously CM also accepted the income/bank combination method. Does that still work?

Thanks much for any current info.
7 comments
Jun 14, 2021
5 years ago
Cliff ************
ORIGINAL POSTER
I am an American in Thailand on an OA retirement visa that expires Jan 2, 2022. I opened my FCD and savings bank account in my name on Feb 1st 2021. I have transferred over 100,000 baht into my account every month beginning in Feb. I do not intend on leaving Thailand prior to Jan 2, 2022. Will I need 800,000 baht in the bank to extend for another year or can I use the monthly method albeit less than 12 months?

Thank you in advance.
20 comments
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