You can just renew your license up to one year after it’s expired. You’ll then need to do both from scratch. I just have a small motorbike in Thailand (Honda Pcx 150) and I pay around 2000 thb in a year just for liability insurance. (Don’t remember the name).
Yes this is just an alternative way to prove sufficient funds to support yourself for a year. (The thai immigration has decided that foreigners needs 65K baht a month or (65K x 12 = 780K —>) 800K baht in a year). For the first year you don’t have time to prove income, and therefore need prove the whole year. For the second year it’s up to you if you want to use funds in your bank or twelve consecutive transfers in a year.
Just a question, is bank letter (together with transactions and updated bank statement) normally required also for the two months when you apply for your first extension of stay?
No, when/if you switch to the income method for your second extension of stay when you’re able to show proof of twelve conservative transfer, this is the only way you show proof of sufficient income to support yourself in Thailand and you don’t need any funds in your bank.
However between the first and your second extension you’ll need to keep 800K thb in your account for three months after the extension is granted, it can’t drop below 400K and you’ll need to top up the 800K two months before you apply for your second extension of stay based on monthly income. This is just part of the deal when you used funds for your first extension of stay.
🤞🏻Just create a user and upload the required documentation. Normally it’s sufficient with hotel booking for a couple of nights and you have a required return/onward ticket.
This is your best option because it’s cheaper in total and you don’t need to use time at the immigration for an extension or money on a cheap onward ticket within 30 days required for entering on visa exemption.