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BANGKOK 24 April 2019 03:50
sefty

New retirement visa and new bank account

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Hi all

My friend comes to Thailand in April for a month and then returns here in October to retire. 

What is the best plan of action for setting up a new bank account then seeding (monthly65k) during the months up to October then to apply for a retirement visa. 

Your help and thoughts/advice appreciated. 

Thank you. 

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When he applies for an extension based on retirement (not a Visa) depends on the Visa he's able to attain beforehand.

Age and nationality would help.

 

Personally I'd recommend he starts by opening a Savings account with Bangkok Bank.

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Your friend's best plan of action depends on

1. his nationality

2. the source of income he plans to use for his monthly remittances of 65k Baht

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He's british.

51 years old.

Part pension(personal) part rental income. 

Bangkok bank = transfer wise. 

What visa would you suggest he comes in on in April/or indeed October. Will that influence opening his bangkok bank account. 

He can go to the Thai embassy London. 

Martin. 

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Bangkok Bank opening an account.

2. If you hold a tourist visa or non - immigrant (long-stay) visa Long-stay foreigners including all Non-Immigrant visas (B, ED, EX, F, IB, IM,M, O,  O-A, R, RS, D, F, and SE) and Diplomatic Officer Courtesy, but excluding MT, S and LA. Tourists include the following visa types: Tourist, Transit, Visa on Arrival, Exemption Visa, Non-Immigrant MT and S.

1. Passport

2. ONE of the following documents:

2.1 A letter of recommendation from an embassy, international organization,   your home bank (sent via SWIFT), a person acceptable to Bangkok Bank   (such as a BBL staff member or customer, government officer or company    executive), or from a national institution of your home country (such as    pension fund);

 2.2 Another document showing your name and address such as document  showing ownership of a fixed asset, or condominium sale/purchase  agreement

https://www.bangkokbank.com/-/media/Files/Personal/Other-Services/Branch-Services/International-Branches/ExpatBooklet_Jan2017.ashx?la=en&hash=15587776FB3E6C04F9DE10BC2742AFE153E20D44

 

It would help if he brought some proof of his UK address.

He'll need proof of residence in Thailand (not a hotel). Landlords Tabien Baan and ID card, or they may insist on a Certificate of Residence from Immigration.

 

If using TW, he needs to ensure the monthly payments are coded as overseas with BKK for Immigration purposes.

We now know these payments can be 'tagged' to ensure that.

 

For his April visit either Visa exempt entry, 30 days, can be extended another 30 days.

A Tourist Visa, 60 days, can be extended another 30 days.

 

In October I'd advise he obtains a Tourist Visa (Non Imm O not available for his age group).

He'll then have to convert his TV and obtain a Non Imm O stamp at Immigration, before applying for an extension based on retirement.

https://www.immigration.go.th/content/service_80

 

From April 1st, 2019 the Thai Embassy London will only accept postal applications.

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11 minutes ago, marcusarelus said:

Get an OA visa in his home country - good for 2 years.  After than he can set up a bank account no problem. 

Apart from the Medical and Police check, he'd need to show financials of 6 months income equal to 65K per month, or 800K equivalent deposited in a bank for 3 months.

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4 minutes ago, Tanoshi said:

Apart from the Medical and Police check, he'd need to show financials of 6 months income equal to 65K per month, or 800K equivalent deposited in a bank for 3 months.

Sorry Tanoshi but I disagree with you about the 65k for 6 months, where did you get that from? The UK sight only says 

 

Bank statement or evidence of adequate finance showing a deposit of the amount equal to and not less than 800,000 Baht or an income certificate with monthl y income of not less than 65,000 Baht, (approximately £20,000.00 / annum) or a deposit account plus a monthly income totalling not less than 800,000 Baht. If you send a copy of bank statement, the original reference letter from the banking concerned is necessary.

 

Thanks

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The O-A is still the best way to go if starting from scratch. If you cannot show the financials for an O-A in your country you won't have much luck switching to retirement based extensions of stay once in the country.

 

I did my O-A in Los Angeles for a grand total of $381 US. For that money a had a few days short of 2 years permission to stay. I had to file 90 reports and exit the country one time and reenter before the expiration date.

 

Everything else like bank accounts and drivers license fell right into place with an O-A.

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Posted (edited)

EDIT. Just checked I am wrong and Tanoshi is right my apologies. They must have just changed the requirements.

Edited by jimn
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Posted (edited)
12 minutes ago, jimn said:

Sorry Tanoshi but I disagree with you about the 65k for 6 months, where did you get that from? The UK sight only says 

 

Bank statement or evidence of adequate finance showing a deposit of the amount equal to and not less than 800,000 Baht or an income certificate with monthl y income of not less than 65,000 Baht, (approximately £20,000.00 / annum) or a deposit account plus a monthly income totalling not less than 800,000 Baht. If you send a copy of bank statement, the original reference letter from the banking concerned is necessary.

 

Thanks

Bank statement or evidence of adequate finance for the past 3 months showing a deposit of the amount equal to and not less than 800,000 Baht (approximately £20,000.00) or an income certificate for the past 6 months with monthly income of not less than 65,000 Baht (approximately £1,625.00), or a deposit account plus a monthly income totalling not less than 800,000 Baht. If you send a copy of bank statement, the original reference letter from the banking concerned is necessary.

http://www.thaiembassy.org/london/en/services/7742/84508-Non-Immigrant-visas.html#7

Edited by Tanoshi
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2 hours ago, Tanoshi said:

From April 1st, 2019 the Thai Embassy London will only accept postal applications.

Presume you mean the new e-visa system, this has now been pushed back to May. 

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Would it not be easier for the OP’s friend to obtain a non O Visa from London, he’s over 50yrs, and unlike the non OA he would not require police checks, or the medical and would only have to show either a receipt of pension, or £10,000 in a bank account as opposed to the much higher amount for the OA. 

 

If it is correct that he can do a border run every 90 days until the expiry of this type of Visa then what is the greater benefit of the non OA Visa other than not having to do a border run, bearing in mind all the extra qualifying requirements?  

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9 minutes ago, Chiller said:

Would it not be easier for the OP’s friend to obtain a non O Visa from London, he’s over 50yrs, and unlike the non OA he would not require police checks, or the medical and would only have to show either a receipt of pension, or £10,000 in a bank account as opposed to the much higher amount for the OA. 

 

If it is correct that he can do a border run every 90 days until the expiry of this type of Visa then what is the greater benefit of the non OA Visa other than not having to do a border run, bearing in mind all the extra qualifying requirements?  

An O visa based on retirement is only available to those in receipt of a state old age pension. 

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