Jump to content

Early Withdrawal of Funds seasoned in Thai Bank for Retirement Non O-A Visa Extension


Recommended Posts

1 minute ago, ubonjoe said:

I does not have to be done 30 days before the your current permit to stay ends. It can even be done on the last day if you wanted to.

The 2 weeks before is a suggestion to allow time to get something sorted out that immigration wants when you do the application.

This is what I originally thought. Obviously, allowing margin makes good sense; something almost always comes up. I remember reading about having to wait until there are only 30 days left before you can apply (and sometimes up to 45 days); but, I never read that it had to be done 30 days out. Thanks for the clarification. 

Link to post
Share on other sites
4 hours ago, ubonjoe said:

There is no requirement for a check of the balance in the immigration order until the next application is done.

I think one check after 3 months was a way to get the message out about the new requirements. Checking every 3 months is absurd IMO.

At the Immigration Office that I use – Surat Thani on Samui – some have been asked the show proof of funds after 90 days together with address report. Others – including myself – have not. My initial presumption was – and still is – that those of us known faces with 12-month fixed deposits, they don't bother to check before next application for extension of stay based on retirement, whilst new, or newer, faces might be checked, depending of the mood of the immigration officer that day, and the applicant's behavior...🙂

Link to post
Share on other sites
1 hour ago, Isaanman said:

Everything you said makes sense and is keeping with my personal experience and that of others I know. I was not aware, however, that if one "slips" under the minimum required amounts in either of these 2 categories (฿800k and ฿400k) that they could top it back up to 800k the last two months before the next application and have it be accepted. How would the 400k for the entire year requirement be fulfilled in such a scenario? Wouldn't the ability to merely top it back up to 800k in the last 2 months merely take us back to the old way of doing things and negate the very intention the police order requirement for the 400k wanted to bring to pass? I can't imagine local IOs would be OK with that, would they? Maybe I missed something along the way. 🤔

To answer your question > How would the 400k for the entire year requirement be fulfilled in such a scenario?

The financial requirement when applying for the 1-year extension of stay based on an original Non Imm O or Non Imm O-A Visa for reason of retirement, and using the funds-in-bank method is as follows:

1 - When applying first time > evidence of 800K on your personal Thai bank-account in the 2 months preceding the moment of application, and never having slipped below that 800k tresshold

2 - When applying and already on an earlier 1-year extension of stay > evidence of sufficient funds on your personal Thai bank-account during the 12 months preceding the moment of application.

Sufficient funds means:

- at least 800K during the first 3 months of that preceding 12-month period

- at least 400K during the next 7 months of that preceding 12-month period

- at least 800K during the last 2 months before the moment of application

and never having slipped under these 800/400K tressholds during that preceding 12-month period.

Link to post
Share on other sites

Slightly different topic, I am on a visa by marriage, and have just over 400k in the bank. I was advised to draw this money out shortly after the coronavirus started, ( folk thinking there would be a run on the banks). My visa was in January and drew it out in April, then put it back in, when I realised I was given bad info (beginning of June). will this be OK for my next visa?. 

 

 

Link to post
Share on other sites
14 minutes ago, Hepbub said:

Slightly different topic, I am on a visa by marriage, and have just over 400k in the bank. I was advised to draw this money out shortly after the coronavirus started, ( folk thinking there would be a run on the banks). My visa was in January and drew it out in April, then put it back in, when I realised I was given bad info (beginning of June). will this be OK for my next visa?. 

There is no requirement to keep the 400k baht in the bank any longer than 2 months before you apply for the extension and possibley during the 30 day under consideration period. After that you can do whatever you want to until 2 months before you apply for your next extension.

Link to post
Share on other sites
26 minutes ago, Hepbub said:

Slightly different topic, I am on a visa by marriage, and have just over 400k in the bank. I was advised to draw this money out shortly after the coronavirus started, ( folk thinking there would be a run on the banks). My visa was in January and drew it out in April, then put it back in, when I realised I was given bad info (beginning of June). will this be OK for my next visa?.

The main advantage of a 1-year extension of stay based on your original Non Imm O (or O-A) Visa for reason of MARRIAGE is that you only need to provide evidence of having kept +400K on your personal Thai bank-account in the TWO months preceding the date of your application.  You would also need to keep the 400K during the 3-4 weeks 'under consideration period', but once you got the 1-year permission to stay stamp in your passport you are free to use the funds as you please, only to top up again to 400K two months before you plan to apply for your NEXT 1-year extension of stay.

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...