Kind of. Thailand doesn't need to "suck" the money out of stupid expats. They willingly give their life savings to Thai rice farmer girls from Isaan, building them and their families houses, and then getting dumped! 😂
Yes I left my money in Australia earning 11% tax free and used the "insurance declined" proviso of the OA to get out of buying a useless policy! It's a no-brainer!
I switched from OA visa which I'd had for two years and had transferred 65k per month for almost two years. I did an out/in, got the non-o visa and went straight onto 65k transfers with that. Never needed the 800k lump sum