Khaeng Mak

4 minutes ago, Tanoshi said:

You should have been clearer in your topic post.

Your talking about the new order which affects funds for retirement extensions.

With only mentioning 400K and no mention of retirement, I assumed you were talking about extensions based on marriage

Sigh....

The very first line in my opening post is as follows:

Quote

I currently use my FCD account to renew my retirement extension.

Are you illiterate?

3 minutes ago, Tanoshi said:

Your mistaken, the existing order for using funds deposited in a Thai bank hasn't changed.

400K in a Thai bank account for 2 months prior to the date of application.

There is only an amendment and change if using the monthly income method.

 

As you'll already have been granted permission to stay for 12 months, you cannot be on overstay at the date your extension is due for renewal.

If your funds in the FCD account did not meet the equivalent of 400K due to exchange fluctuations, you can always apply for a Non Imm O ME Visa at Savannakhet, no proof of funds required, until you can top up your account or the exchange rate changes in your favour.

 

No jail, no ban.

 

 

No. Under the new rules you have to have a minimum of the equivalent of 400Kthb in your account at all times.  If you don't your extension will be invalid.  Same as when you are on a Non B extension but you lose your job. 

I currently use my FCD account to renew my retirement extension.

Under the new rules I will now have to leave the equivalent of 400K thb in my account at all time to ensure my extension remain valid.

What if there is a correction or flash crash in my FCD currency (like the one with the Aussie dollar just a few weeks ago) and the balance of my account drops down below the equivalent of 400K (even for just a brief period).

What If I don't notice this, and show up for my next annual extension, and immigration notices that more than six months ago my account had under the equivalent of 400K in it.

Am I then sent to the IDC and banned from Thailand for 5 years for being on 6 months overstay?

15 minutes ago, jackdd said:

Another "interesting" thing:

The day your account balance drops below the required amount your permit to stay becomes invalid.

Let's say somebody doesn't notice this, or just isn't aware of this new rule... Maybe 6 months later he shows up for his next extension, provides his documents.

The IO notices that 6 months ago the evil foreigner didn't have 400k in his bank account.

Into IDC it goes and banned from Thailand for 5 years for being 6 months on overstay.

Very good point also.  Wow this is going to be a great new earner for immigration.

You obviously haven't read the latest:

So I have 800K in the bank and a valid retirement extension in my passport.

But what if I am fed up with Thai immigration and decide to move to Vietnam.

And therefore transfer my 800K back to my bank in my home country.

And then grab a taxi to the airport to leave Thailand once and for all.

Can I get arrested for overstay at the airport and put in the IDC because my extension is no longer valid (Because I don't have 800K or even 400K in a Thai bank).