Keith ************
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Keith ************
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Keith ************
@Garrett **********
no, they don't have a high exchange rate. They use the mid-market exchange rate.
Keith ************
With a non O, you can eventually switch to the income method. You transfer money in monthly, but don't need 800k in the bank.
Keith ************
@Lopsee *********
imo, the non O is easier. It doesn't have the insurance requirement. But if your priority is keeping money out of Thailand, go for the OA.
Keith ************
@Lopsee *********
there are two visas commonly referred to as a retirement visa. One is the non OA, which you typically get in your home country. The OA has an insurance requirement, but you can meet the financial obligations with money with foreign funds in foreign accounts.

The non O requires money in a Thai account. 800,000.
Keith ************
I don't know what a goatpad is, but now my goat wants one.
Keith ************
@Durrant *******
this probably depends on the specific office and maybe even immigration officer. As far as I know, there's no rule against having the funds in separate accounts. But some officers might not want the hassle.
Keith ************
@Ruth ******
what you need to check is the total fees, including the exchange rate. Look at what Wise charges and look at what Bangkok bank charges and make up your own mind.
Keith ************
It may depend on the office. The bank letter needs to be stamped and official. For me, printouts of the statements was ok
Keith ************
This is one reason to eventually go to the income method, if possible. Keep less in a Thai bank. Also, you can set up text and email alerts for every withdrawal, as well as a daily limit on withdrawals. And balance texts and emails every day.