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rken2

question on Non 0 retirement extention

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My retirement visa expire july 19. the last time I renewed I used the 800 thousand deposit method. I have been depositing 65,000 baht for a year now and want to switch from 800 thousand bank deposit method to the 65,000 per month method. I keep 800,000 in the bank for 3 month, and then 400 for an additional 6 months. I then withdrew the 400 baht. Do you think the 65.000 method for one year will be accepted. thanks

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It will depend upon the immigration office where you apply. They should accept it but it would of been best to of kept it at 400k baht until you apply for your extension.

I assume you will have proof of 12 months of 65k baht or more of transfers from abroad,

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Posted (edited)
Just now, ubonjoe said:

It will depend upon the immigration office where you apply. They should accept it but it would of been best to of kept it at 400k baht until you apply for your extension.

I assume you will have proof of 12 months of 65k baht or more of transfers from abroad,

Yes, I have bank statements showing the deposit coming from a foreign bank for 12 months. thank for your response.

I will be applying in Chiang Mai

 

Edited by rken2

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37 minutes ago, rken2 said:

My retirement visa expire july 19. the last time I renewed I used the 800 thousand deposit method. I have been depositing 65,000 baht for a year now and want to switch from 800 thousand bank deposit method to the 65,000 per month method. I keep 800,000 in the bank for 3 month, and then 400 for an additional 6 months. I then withdrew the 400 baht. Do you think the 65.000 method for one year will be accepted. thanks

I believe that under the 800k option, to validate it for the full year, you should have kept the 800k for the first three months and a minimum of 400k for the remaining nine months. By taking the money out early you didn't comply with those rules so may have voided your existing extension by doing so and could technically be on overstay. As you want to continue extending your stay (just using a different financial method) you will probably find different IO's will interpret the rules differently.

 

if I've miss-understood the rules, I'm sure UJ will clarify.

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18 hours ago, ubonjoe said:

It will depend upon the immigration office where you apply. They should accept it but it would of been best to of kept it at 400k baht until you apply for your extension.

I assume you will have proof of 12 months of 65k baht or more of transfers from abroad,

If you have the misfortune to be a UK citizen you will need to allow for possible further depreciation of the GBP because of brexit - ie will your monthly GBPs amount to the requisite 63,000 baht?

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I use this method. About 2 weeks before you go to renew stop by your bank to request an annual statement. They may have to request it from Bangkok; thus, the 2 weeks lead time. Additionally, the day you pick up that statement get another letter showing current balance. Bkk Bank charges 200 baht for the annual statement; and, an additional 100 for the balance letter.

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19 hours ago, ubonjoe said:

It will depend upon the immigration office where you apply. They should accept it but it would of been best to of kept it at 400k baht until you apply for your extension.

I assume you will have proof of 12 months of 65k baht or more of transfers from abroad,

I am doing the same . Switching from annual 800K to monthly income 65K .

My agent told me I had to keep the 400K in the bank until I get my next extension. 

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I have just done, what you are proposing. Monday morning, did it in Kohn Kaen. Went to KTB (smaller branch), and they did not know of Immi requirements. Just printed-out 12 months of transactions.

I was still shy of the Magic Letter. Sure enough, rejected by Immi , back to a larger branch: The letter I received had nothing about 65 000 per month. Just a statement/letter of my balance!!!

Also required docs of where my income comes from. (It was in English, but it kept Immi happy 🙂 )

Then, it was a fine-tooth comb, going through the tree which just been sacrificed (printed 12 months of transaction.

And the mountain of paper had, TM6, TM7, all pages of passport, passbook pages, lease agreement........

That's my story & I am sticking to it.

 

 

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I renewed my long stay extension at CM immigration using the monthly deposit of at least 65000.  I bank at Bangkok bank, I went to the bank a week early to check on what I needed and how long would it take to provide such info.  Bangkok bank also does a monthly "credit advise" indicating how much money was deposited that month by whom from what overseas bank acct, to what bangkok bank acct.  I didn't realize they did this until I noticed someone on TVforum mentioning it.  Thus, to insure the IO was inundated with banking info, the bank officer (my new acct for me only instead of w/wife) told me he could provide me with the letter from the bank indicating that this was my acct solely, a statement of the monthly deposits by month, and copies of each of the credit advise for each month, saying he only needed one day advance notice to provide such documentation but that it in total would cost 500 baht.  In addition, I provided to the immigration, a copy of my monthly statements from the retirement income source w/ january of each year spelling out exactly what I would get per month.  Then I had a graph provided by that provider showing exactly what they paid me each month plus a copy of every page of my bankbook! which I updated just before going to immigration. I also included fm my US bank, copies of deposits from the provider each month, and a copy of the transfer requests fm me to my bank moving the funds each month to Bangkok Bank.  In other words, I had a regular book size documentation.  The IO at immigration, looked at all documents, said "lots of banking" and laughed.  Then he stamped my passport, said no problems and told me to wait outside the office.  5 minutes later, a young lady took my picture and returned my passport to me .  Total time waiting from start to finish was 45 minutes as there were a lot of people renewing extensions.  I realize I overdid it but just to insure they didn't ask for more.  No questions asked!
 

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I have recently renewed my extension at CW,Senior IO wanted to see CREDIT ADVICE/RECEIPT supporting every 65K transaction.

These are free of charge at KBank but you must request them from their call centre.

IO advised that I should get them following each transaction as a request for the document older than 3 months will cost 500thb for each transaction you require.

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11 minutes ago, norbra said:

I have recently renewed my extension at CW,Senior IO wanted to see CREDIT ADVICE/RECEIPT supporting every 65K transaction.

These are free of charge at KBank but you must request them from their call centre.

IO advised that I should get them following each transaction as a request for the document older than 3 months will cost 500thb for each transaction you require.

 

For those who bank at Bangkok Bank it's worth noting that you can request that the Credit Advice is sent automatically.
I'd heard about this option but with all things bank related I was a tad scepitical, I asked in my branch, the guy filled in a form and now, sure enough, I'm sent one by email about 30 mins after the cash is deposited into my account.
I do wonder why the Thai Immigration bods want the same information in multiple formats, but maybe I shouldn't.

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21 hours ago, rken2 said:

Yes, I have bank statements showing the deposit coming from a foreign bank for 12 months. thank for your response.

I will be applying in Chiang Mai

 

I thought I was good to go, too, this past January, also in CM. I had bank statements showing those regular monthly deposits, and matching monthly statements from my retirement fund. That was not good enough for CM Imm. It came down to three little letters: FTT in the bank statements. My fund couldn't - or wouldn't - match Bangkok Bank's strict ACH standard, so my monthly transfers started coming by a slightly different method. It made no difference to me, but the FTT was dropped. The transfers were accomplished by using a different partner bank in Thailand, so the transfer now looks like a domestic transfer to Bangkok Bank. If each of your transfers has FTT at the beginning of each line in your passbook, you're good to go. 

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I think those concentrating only on the 65K deposits are missing what might be the more critical issue, which is that the poster did not maintain the 400K minimum amount in their account for the full 12 months as required for his previous extension to remain valid.

 

As @Brickbat

mentions, an agent would have advised to keep the 400K there until the new extension was granted.

 

Since @rken2 is changing to the monthly income method, I suppose the Immigration Office might be prepared to overlook this as a technicality but I wouldn't like to count on it.

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Posted (edited)
2 hours ago, LawrenceN said:

I thought I was good to go, too, this past January, also in CM. I had bank statements showing those regular monthly deposits, and matching monthly statements from my retirement fund. That was not good enough for CM Imm. It came down to three little letters: FTT in the bank statements. My fund couldn't - or wouldn't - match Bangkok Bank's strict ACH standard, so my monthly transfers started coming by a slightly different method. It made no difference to me, but the FTT was dropped. The transfers were accomplished by using a different partner bank in Thailand, so the transfer now looks like a domestic transfer to Bangkok Bank. If each of your transfers has FTT at the beginning of each line in your passbook, you're good to go.

Take a look at transferring your money to Thailand using Transferwise. You will get a better and guaranteed exchange rate, their charges are very low and they've set up their system so, if used correctly, when transferring to the Bangkok Bank you will definitely get the required 'FTT' code recorded on your account statement and bank passbook.

Edited by john terry1001
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On 6/24/2020 at 1:39 PM, john terry1001 said:

I believe that under the 800k option, to validate it for the full year, you should have kept the 800k for the first three months and a minimum of 400k for the remaining nine months. By taking the money out early you didn't comply with those rules so may have voided your existing extension by doing so and could technically be on overstay. As you want to continue extending your stay (just using a different financial method) you will probably find different IO's will interpret the rules differently.

 

if I've miss-understood the rules, I'm sure UJ will clarify.

You must have at least 400k until 2 months before next application when you have to top it up to 800k again. That means 400k for 7 months at the most.

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