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BANGKOK 22 March 2019 01:35

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Can some trusted friends deposit money into a mutual fund that totals 800k and then move the 800k between the member's bank accounts, at the right time, as they need to show the 800k in their account for their visa applications?

 

Do the same as the agents, but do it ourselves.

 

Possible?

Edited by CommunalVisaMoney
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16 minutes ago, CharlieH said:

With the lead time and then 3 months after, totalling 5- 6 months, 1 pot could in theory serve two people if they got the timing right. BUT only 2 people. (in my understanding)

I was thinking you could squeeze 3 people into the fund, if each of the 3 were prepared to have a small holiday outside of Thailand each year, or come back on a visa exempt stamp.

Edited by CommunalVisaMoney

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what about the 400,000 for the other 6 months, your way you would have to have 400,000 each and another 400,00 that moves , extensions would have to be 6 months apart , and also makeing sure the passport does not run out, which would give you a shorter one year extension, would take some planning.

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and the amount? Have you thought about that, for 3 people that is??

400K staying at the account all year through....

 

glegolo

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That sort of thing has been going on for years and is no longer possible with the new minimum balances.

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Those who have done this in the past - or used non-agent lenders - will now need to pay off immigration via their agent-partners, to stay without having the required funds. 

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On 2/20/2019 at 1:27 PM, farangx said:

The seasoning is now for 12 months, you just potted yourself.

 

The 800k seasoning is for 3 month.  The 400k is for the 12 months.  Where do you get the seasoning of the 800k is for 12 months?

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22 minutes ago, CommunalVisaMoney said:

The 800k seasoning is for 3 month.  The 400k is for the 12 months.  Where do you get the seasoning of the 800k is for 12 months?

800k is 5 months 400k 12 months

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It probably could work, re the 400k, on the day 400k gets transferred out another 400k gets transferred in = balance stays at 400k. Need to work out the process flows and timing, may need more people, but could be done.

 

I also think a communal insurance fund for expats would work, not for profit just to cover costs of claims and staff

 

 

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