Proof of 20,000 baht cash is not required by Penang Consulate but it can be required at Immigration point when you re-enter the Country; especially if you re-enter by land using Sadao border
You can go every morning (Monday-Friday) from 9am to 10am only (they accept 100 passports per day) and take back your passport the next working day from 2pm to 3pm only. Bring:
2 Photos;
House rental contract or hotel booking (at least 7 days);
Flight reservation leaving Thailand within 60 days;
If you have more Tourist visa on your passport you must bring updated bank statement showing at least 50.000 baht (any country bank).