monthly income option

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This page displays all the results for the Monthly income option tag, sorted by the most recent activity. There are a total of 2 questions that have been tagged with Monthly income option. Explore the questions to find discussions and information relevant to this topic.
Mar 22, 2024
8 months ago
Tom **********
ORIGINAL POSTER
Are there any advantages of applying for O-A Visa prior to arriving in Thailand? I've read the requirements for applying in the USA.

My understanding of differences would be with Thai Bank deposit and health insurance.

When applying in USA the requirements state a minimum bank account balance of 800,000 thb "OR" a minimum of 65,000 thb per month income along with a health insurance requirement. If applying in USA with the bank balance requirement there is no mention of the funds needing to be in a Thai bank.

When applying in Thailand the requirement states the 800,000 thb needs to be in a Thai bank account and I am not seeing any mention of a monthly income option. There is also no mention of a health insurance requirement when applying in Thailand.

Here are my questions:

Is the 65,000 thb monthly income option to qualify also available when applying in Thailand without needing an 800,000 thb bank balance?

If applying in USA with the monthly income option, what is needed to renew/extend after living 1 year in Thailand? Will I eventually need to deposit 800,000 thb into a Thai bank to renew/extend visa for another year or just continue to provide proof of monthly income?

I want the health insurance no matter where I apply so I'm also looking for good health insurance recommendations.

Thanks a trillion!
Oct 7, 2021
3 years ago
Richard **************
ORIGINAL POSTER
My first retirement visa is nearly ended. I want to renew it and based on the monthly income option. I’ve asked others the following question with unsatisfactory responses, so I’m hoping someone here has some experience and is able to reply.

I’ve been sending the required amount, and more, by wire transfer from my American bank to my Bangkok bank account for more than a year now.. But in recent months I’ve been transferring that amount using the Wise app, because it is cheaper and faster. But someone suggested to me that immigration may not accept that form of transfer, or, alternatively, my Thai bank may not issue the required documentation if that is the means of transfer.

Is there some form of “authorized“ transfer that I should have been using to support my request for a retirement visa? Has anyone met that requirement while transferring money to their bank using an app like Wise as opposed to a wire transfer from a foreign bank to a Thailand bank?

I undoubtably meet the spirit of the law, but I’m unsure about the letter of the law. Advice please. By the way, I am in Chiang Mai, if that makes a difference
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