@Mar ****

it is actually a bit more complicated, but I will leave you to your opinion and won't lecture you

@Joseph ************

there is one good thing about Thai banks - they sell you accident insurances, one year for 5000 THB. So any hospital stays because of injuries obtained and surgeries resulted from an accident are covered. Leaves only the part of health issues to be insured separately

@David ********

100% serious, just think about how much you save every day by living in a land where everything is half price. What then, by hindsight, are any interest for 800,000 THB in your bank account for you? It's neglectible. In my SCB savings account, the 800K are earning at least around 3000 THB interest every year

@David ******

Agreed - it makes sense for you to transfer 65,000 THB to your Thai bank account every month for living expenses, however you need to be aware that if you are staying in Thailand longer than 180 days per calendar year, these 12 x 65,000 THB become taxable in Thailand. So, those 11% are probably down the creek minus the commodities you "earn" by living in a country where everything is half price - meaning you save money on everyday spending.

@David ******

If it makes sense or not, that's not for you to decide.

Some people actually love having a parking ticket for Thailand for as cheap as 800,000 THB in a Thai bank account, a parking ticket for a country where everything costs less than half compared to prices you pay in your home country.

To moan that a mere 800,000 THB deposit makes no sense, that's the typical wailing of the "cheap charlies".

The benefit of living in low price-Thailand is actually a much higher sum of money than those alleged losses of interest you lose because those 800,000 THB would allegedly earn in a fixed account in your country. The quintessence of such a comparison is ridiculous and laughable

in order to ANSWER the question, instead of propagating irrelevant personal opinions to the question if you should deposit the required dough for a retirement extension or not, HERE the CORRECT reply to the ACTUAL question: . . . . The governmental Thai Deposit Protection Agency (DPA) guarantees Thai Baht deposits up to a limit of 1 million baht per depositor, per financial institution. This protection covers various account types, such as current, savings, and fixed deposits, and applies to both Thai and foreign citizens with accounts in Thailand. In the event of a bank failure, the DPA will reimburse the covered deposits within a specified timeframe.

and even if you can prove finances with an embassy issued income affidavit, some Immigrations now want to see that you at least transfer some of your income/pension onto a thai bank account in your sole name. You may but succeed when showing you transfer it to your Thai wife's account, in this case she should accompany you to Immigration with her blue housebook, her bankbook and proof of your marriage

for a DTV application, isn't the upload of three months .pdf account statements enough (with your name clearly to be seen at the top) ? Why would you need to get your bank set up a statement?

@Ryan *********

Are you applying for a 90-days Non-Imm-O Visa, or are we talking about an application to a DTV? As when you mentioned 500,000 THB, this is the financial proof for the DTV. The 500,000 THB need to be in a savings account, instantly accessible, for a minimum of 3 months prior to an application for a DTV

@Stuart ********

Stuart, he doesn't ask for a retirement visa application, I guess. He rather is applying for a DTV, and needs a 3-months account statement over 500,000 THB in his bank account (which can be anywhere as long as he can prove it is in his sole name)