Got to be in a Thai bank earning zilch unfortunately. It's there way of grabbing your money and even then if you transfer 800,k for the non O extension, with the new expat more than 180 days in the country, will it be taxed?
Sorry Greg, I just went back and read it all. I tend to skip through comments sometimes, especially longer ones and so miss some content. If someone uses an agent, who fronts the 800k, I personally don't give a hoot. If that's the way they prefer to get an extension that is their business. There seems to be some opinionated people on FB resenting people using agents, it's none of their business and they should find something better to do with their miserable lives than ridiculing others. Also good advice if you use an agent until your in a position to deposit the 800k into your own bank account then go down that road. Actually if you've got the equivalent of 800k THB in some sort of investment bank account in your home country, it is earning you some interest as opposed to just having 800k sat in your Thai bank account depreciating every year, makes sense to me.
Don't worry about it, just go for your extension. The worst can happen is you'd have to go through the renewal again. I'm fairly sure immigration won't hold it against you.
Keep it simple and leave your money in your UK bank. Register with someone like Wise, who I've been using for years to transfer money to a Thai account. Then if you've got a retirement visa, or visa extension you can find out how to open a Thai bank account, add the account to your payees in your UK internet banking, then just transfer money from your UK account to your Thai account, as and when you need it. With Wise, two partner banks they have in Thailand are SCB & Kasikorn. With SCB if you transfer from the UK, SCB make a charge of 400 THB per transfer. I believe Kasikorn do not. Hope this helps, or at least gives you some guidance.
Cary Dean Roger that, I wanted to transfer only 5250 GBP in 2013 from my Thai SCB account to my UK HSBC account. I was in a bank in a smallish town and although a bank official eventually figured out how to do the transaction, it was a long drawn out affair. Keep it simple and leave your money in your UK bank. Register with someone like Wise, who I've been using for years to transfer money to a Thai account. Then if you've got a retirement visa, or visa extension you can find out how to open a Thai bank account, add the account to your payees in your UK internet banking, then just transfer money from your UK account to your Thai account, as and when you need it. With Wise, two partner banks they have in Thailand are SCB & Kasikorn. With SCB if you transfer from the UK, SCB make a charge of 409 THB per transfer. I believe Kasikorn do not. Hope this helps, or at least gives you some guidance.
Well you'll get worse than that in Thailand. Also if you've got that much accessible money why don't you have a lot of it in twelve months ISA's or other deals that give you better than 1.6% return. Not trying to teach you how to suck eggs so to speak, but there are plenty in Thailand as well as the rest of the world that would love to relieve you of the stress of having £200,000 😆