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Retirement extension bank deposit needs to stay in bank for three months - what if I need to withdraw all of my money sooner?


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For a retirement extension the bank deposit needs to stay in the bank for three months - but what if I withdraw my money sooner?

 

If I get a retirement extension based on the combo method. But then decide to close my bank account and leave Thailand in a couple months, due to covid, is there a problem?  BKK Bank will let me withdraw all of my money and close my account?

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If you do not meet the 800k baht for 3 months after and the 400k baht after that your next extension will application will be denied.

The bank would allow you to remove you funds since they cannot do that.

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Just now, ubonjoe said:

If you do not meet the 800k baht for 3 months after and the 400k baht after that your next extension will application will be denied.

The bank would allow you to remove you funds since they cannot do that.

 

That's what I figured... probably a dumb question. But thanks ubonjoe for sharing your wisdom once again. I just wanted to be certain.

 

If I ever come back to Thailand it would be years from now, and would just start over on a new Non-O visa, new bank account, etc. But I am pretty sure I am leaving Thailand forever. I am sure I will miss this country and the Thai people. I have lived here for over nine years. 

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Just now, jackdd said:

Technically the day you withdraw the money your extension ends and if you stay after this you are on overstay.

But practically immigration won't know about it if you just leave Thailand after this because they won't check your bank book when leaving.

 

Thanks, something to consider. Actually I will just be transferring my money to BKK Bank savings and K Bank savings accounts, and leaving it here for many months. If I was ever asked about my money not being in my bank account I used for my retirement extension, I might be ok still. 

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Ubonjoe,

I have always wondered , how does the immigration know whether I used the income or deposit method ? 
 

let’s say for example the op takes the money out before three months and later before he renews it , he puts in the deposit 2 months before abd apply and tell them he used the income method .

How does the immigration know what method you used . 
 

Do they ask you for proof what you used last year ? Is this how immigration know by asking for proof? 
 

 

 

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22 minutes ago, Alotoftravel said:

I have always wondered , how does the immigration know whether I used the income or deposit method ?

The will have your previous extension in their files to look at.

The may even have a notation about it in their computer records.

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18 hours ago, jackdd said:

Technically the day you withdraw the money your extension ends and if you stay after this you are on overstay.

Interesting interpretation. 

How about those who get an extension by the international transfer of 65K per month for 12 months?  If, after getting their extension, they later miss a month (or just stop transferring altogether), does their extension end that month?

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18 hours ago, jackdd said:

Technically the day you withdraw the money your extension ends and if you stay after this you are on overstay.

 

There has been speculation about this since the new policy went into effect a couple of years ago, but I've never seen any official statement that this is actually the case.

 

Maybe I missed something, but as far as I can recall, all the forum members who have reported on their experiences applying for an extension after screwing up the bank deposit requirement have only had their extension denied - I don't remember hearing of anyone being slapped with a 20k overstay fine and deportation. 

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18 hours ago, jackdd said:

Technically the day you withdraw the money your extension ends and if you stay after this you are on overstay.

But practically immigration won't know about it if you just leave Thailand after this because they won't check your bank book when leaving.

if he can wait for the 3 months for wit drawing  he could be quit safe until the new ext, date for application , which would of course become denied because of it ...

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23 minutes ago, JTXR said:

How about those who get an extension by the international transfer of 65K per month for 12 months?  If, after getting their extension, they later miss a month (or just stop transferring altogether), does their extension end that month?

That is not the same since proof of income is only required for the previous 12 months to apply the extension.

There is no rule that states you have to keep puting the money in the bank.

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12 minutes ago, ubonjoe said:

That is not the same since proof of income is only required for the previous 12 months to apply the extension.

There is no rule that states you have to keep puting the money in the bank.

Some I.O.'s dispute that by making even rule it must be around same day of month (for their own comfort of calculating) 

Same as always in Thailand ....interpretation and the rule the I.O. can ask additional things ...

 

 But UbonJoe you are as always 100% right about the written I.O. police rules ...., only them on their desk are the ones who decide how to read an use them

Edited by david555
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19 hours ago, jackdd said:

Technically the day you withdraw the money your extension ends and if you stay after this you are on overstay.

But practically immigration won't know about it if you just leave Thailand after this because they won't check your bank book when leaving.

In the very beginning with the new deposit rule, some immigration offices did ask people on retirement extension to bring their bankbook when doing 90-day address report; however, now they seemed to have stopped doing it, so one only loose the next possibility for extension of stay, if withdrawing more than the required minimum.

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