Hello All,
I wish to move back to my home country for a while. I don't plan to return anytime soon (never say never though...). So, I have decided to close my bank account or at least only keep the minimum balance and withdraw the rest of 800K.
My current Non-Imm O retirement extension is valid until May 2024, and I wish to fly out in December 2023. I am just curious about what should be the correct approach to conclude this visa. I can think of the following options and would like to know your opinions.
Withdraw most of the 800K from the bank account (leave the minimum balance like THB 1000) and leave the kingdom, letting the visa expire in May 2024.
Cancel the visa by visiting Chang Watthana, get an extension (of 7 days), and formally close the bank account and then fly out.
I am not very keen on doing it the second way as it requires time and money. Also, I would lose the visa in case I have to visit back before May 2024.
However, there is a law to keep 400K as a minimum balance in the bank account, so I'm not sure if I can do it the first way too (i.e., withdraw all funds before leaving).
Your opinions are welcome.