thanks Tod - this seems to be the best option for me. Although I already have a Thai bank account I use it for living expenses only. I would prefer to leave my investment savings in my Australian bank account (instructions from my grandchildren)
thanks Ivan - it seems to me that the "border bounce" is the way to go. I have monies in a Thai bank (living expenses) but would rather leave the bulk of my money in my investment account in my home country. Thanks and a safe & happy new year!
.......so if I "border bounce" (out & in on the same day) I don't need to meet the financial requirements if I have my health insurance renewal certificate for another year?
I am assuming that by applying via the TM7, plus "proof of funds" (no banking requirements eg 800,000), and as long as I have the health insurance renewal that will suffice. There has been a suggestion that I would need funds in a Thai bank + the health insurance renewal. That sounds like "double dipping". I would have thought that having the health insurance eliminates the need for money in a Thai bank. Please clarify.
I am currently on an O-A visa, stamped in until 31 March 2023. I was advised by Immigration that I just need to file an "extension to stay" (TM7) with associated required documentation (including renewed health insurance for another 12 months) to get my additional 365 days. A border bounce never came up in the conversation.
What is your understanding on the issue in question?