B800,000 retirement

[salavan]

Hi can anyone tell me how long do I have to leave the 800,000 baht in a bank account for to renew my retirement extension

Also can it be in seperate accounts ie 400 in one bank and 400 in another bank, IM aware I have to get 2 seperate statements.

[DaveBart]

It has to have been in your account for a minimum of 90 days,not sure about the two separate accounts though,best to ask immigration office near you

[fredob43]

As you are renewing your visa it'll be three months. Two if it's your first time. You are correct that you will have to get two statements.

[ubonjoe]

Unless it is your first extension of stay application it has to be in the bank for the 3 months on the date you apply.

It can be in more in than one bank account as long as the balance in each one has been maintained at an amount to reach the total of 800k baht for the 3 months. You will need a letter from the bank and copies of your updated bank book for each account.

[Tanoshi]

The accounts must also be in your sole name.

[Suradit69]

21 hours ago, fredob43 said:

 

As you are renewing your visa

 

As he clearly stated, he's renewing the extension of his permission to stay. Visas can't be renewed.

[weedywhaoo]

Excuse me for asking on this topic. Is it okey to have the amount in a foreign currency account?

[ubonjoe]

33 minutes ago, weedywhaoo said:

Excuse me for asking on this topic. Is it okey to have the amount in a foreign currency account?

Yes it is allowed at most immigration offices.

[fredob43]

6 hours ago, Suradit69 said:

As he clearly stated, he's renewing the extension of his permission to stay. Visas can't be renewed.

Yes you are correct if you want to be PC. Now can someone please explain to me why my local immigration office calls a Permission to stay a Retirement Visa.

[xtrnuno41]

As long as the money is there when applying for new visa after year and must be there again 3 months for applying. I believe you could do anything with it in between.

I dont know yet how long it has to be on the bank, after you applied for visa and have the visa. But never the less same ritual every year, 3 months before applying it must be shown on bank accounts.

How ever you dont need to have, if you have income from say pension. If your pension money and money on bank account is 800 kbath, it is ok. But has to be proven. Letter from pension income and bank account has to prove, you have 800 kbath. Guess you should be able to find more about this on this forum.

[Phuket Man]

25 minutes ago, fredob43 said:

Yes you are correct if you want to be PC. Now can someone please explain to me why my local immigration office calls a Permission to stay a Retirement Visa.

Because they are wrong.

[tgeezer]

Yes you are correct if you want to be PC. Now can someone please explain to me why my local immigration office calls a Permission to stay a Retirement Visa.

Because they are logical, so are most of us and the fact that you have been corrected is proof that there was no misunderstanding.


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[JackThompson]

15 hours ago, fredob43 said:

Yes you are correct if you want to be PC. Now can someone please explain to me why my local immigration office calls a Permission to stay a Retirement Visa.

This falls into the same category as why the information on many official Thai-consulate websites is incorrect, rules/laws are not followed consistently everywhere, etc.    Yes, it is confusing when even the officials fail to use the correct terminology - but if you understand the correct terminology, this can save a lot of trouble.

[JackThompson]

15 hours ago, xtrnuno41 said:

As long as the money is there when applying for new visa after year and must be there again 3 months for applying. I believe you could do anything with it in between.  

 

Correct.

 

15 hours ago, xtrnuno41 said:

I dont know yet how long it has to be on the bank, after you applied for visa and have the visa.

 

You could spend it all that evening, if desired - after you have your annual Extension Of Stay stamp in your passport. 

 

15 hours ago, xtrnuno41 said:

How ever you dont need to have, if you have income from say pension. If your pension money and money on bank account is 800 kbath, it is ok. But has to be proven. Letter from pension income and bank account has to prove, you have 800 kbath.

 

Whether the income-amount needs to be proven to get an income-affidavit from your embassy varies by embassy.  Immigration may also request proof of declared-income, but do not do so in most cases.  Best to be prepared, though.

[NCC1701A]

On 9/25/2018 at 6:08 PM, salavan said:

Hi can anyone tell me how long do I have to leave the 800,000 baht in a bank account for to renew my retirement extension

Also can it be in seperate accounts ie 400 in one bank and 400 in another bank, IM aware I have to get 2 seperate statements.

90 days and not one day less. 89 days sorry charlie.

 

i have two fixed accounts at Bangkok Bank and no problem. Make sure you have statements and each page is stamped by the bank and dated same day or one day before and up date passbooks. Make sure immigration can see the proper balance on the dates required.   

[cleverman]

 

15 hours ago, fredob43 said:

Yes you are correct if you want to be PC. Now can someone please explain to me why my local immigration office calls a Permission to stay a Retirement Visa.

PC or just want to be a know all. It's a retirement visa to me. 

[cleverman]

13 hours ago, xtrnuno41 said:

As long as the money is there when applying for new visa after year and must be there again 3 months for applying. I believe you could do anything with it in between.

I dont know yet how long it has to be on the bank, after you applied for visa and have the visa. But never the less same ritual every year, 3 months before applying it must be shown on bank accounts.

How ever you dont need to have, if you have income from say pension. If your pension money and money on bank account is 800 kbath, it is ok. But has to be proven. Letter from pension income and bank account has to prove, you have 800 kbath. Guess you should be able to find more about this on this forum.

Ubonjoe has already stated this, it doesn't need repeating.

[cleverman]

Retirement Visa!  Visa...an endorsement on a passport indicating that the holder is allowed to enter, leave, or stay for a specified period of time in a country.

[Tanoshi]

16 hours ago, fredob43 said:

Now can someone please explain to me why my local immigration office calls a Permission to stay a Retirement Visa.

Because their not native English speakers and 'Retirement Visa' is much easier to remember than 'Extension of Stay based on Retirement'. Try it in Thai language.

 

There is a subtle difference between a Fridge and a Freezer, but if you don't know the difference your going to run into difficulties.

[Tanoshi]

5 minutes ago, cleverman said:

Retirement Visa!  Visa...an endorsement on a passport indicating that the holder is allowed to enter, leave, or stay for a specified period of time in a country.

Extension! (Not a Visa)

TM7. APPLICATION FOR EXTENSION OF TEMPORARY STAY IN THE KINGDOM

 

[Crisu]

 

 

 

 

i have two fixed accounts at Bangkok Bank and no problem.

 

Can the money be also in a current account and if yes and the balance is changing during the 3 months period but never fall below thr 800k?

 

 

 

[ubonjoe]

2 minutes ago, Crisu said:

Can the money be also im the current account?

I have seen reports of immigration not accepting a current account (aka checking account).

Best to have a standard savings or fixed deposit account. 

[cleverman]

Just now, Tanoshi said:

Extension! (Not a Visa)

TM7. APPLICATION FOR EXTENSION OF TEMPORARY STAY IN THE KINGDOM

 

IE, visa.

[Tanoshi]

18 hours ago, Tanoshi said:

Extension! (Not a Visa)

TM7. APPLICATION FOR EXTENSION OF TEMPORARY STAY IN THE KINGDOM

 

 

16 hours ago, cleverman said:

IE, visa.

 

The Director General or the competent official deputized by the Director General shall have
the authority to permit the alien , who entered to stay temporarily in the Kingdom under Section 34 , to
remain in the Kingdom under any prescribed conditions. The periods of time which one is authorized to
stay in the Kingdom are as Follows :
1. Not exceeding 30 days for a case under Section 34 (4) , (8) and ( 9 )
2. Not exceeding 90 days for a case under Section 34 (3)
3. Not exceeding one year for a case under Section 34 (5) , (10), (11) , (12), (13) , (14) and (15)
4. Not exceeding two years for a case under Section 34 (6)
5. As deemed necessary for a case under Section 34 (1) and (2)
6. As deemed appropriate by the Commission of Investment Promotion , for a case under
Section 34 (7)
If it is deemed necessary that the aliens have to stay in the Kingdom Longer than the period of
time prescribed in the paragraphs (1) (2) (3) and (4) the Director General shall consider granting the
aliens extension of stay for a period not exceeding one year for each time. After granting permission , the
Director General shall report to the Commission for their information , with the reason , within seven days
from the date of granting.
Each time when applying for an extension of temporary stay in the Kingdom , the alien shall
submit an application and pay the fees as prescribed in the Ministerial Regulations. While waiting for
directives the alien may be permitted to stay.

 

Permit to stay, no entries. Requires a separate re-entry permit for entries.

[cleverman]

Just now, Tanoshi said:

 

 

The Director General or the competent official deputized by the Director General shall have
the authority to permit the alien , who entered to stay temporarily in the Kingdom under Section 34 , to
remain in the Kingdom under any prescribed conditions. The periods of time which one is authorized to
stay in the Kingdom are as Follows :
1. Not exceeding 30 days for a case under Section 34 (4) , (8) and ( 9 )
2. Not exceeding 90 days for a case under Section 34 (3)
3. Not exceeding one year for a case under Section 34 (5) , (10), (11) , (12), (13) , (14) and (15)
4. Not exceeding two years for a case under Section 34 (6)
5. As deemed necessary for a case under Section 34 (1) and (2)
6. As deemed appropriate by the Commission of Investment Promotion , for a case under
Section 34 (7)
If it is deemed necessary that the aliens have to stay in the Kingdom Longer than the period of
time prescribed in the paragraphs (1) (2) (3) and (4) the Director General shall consider granting the
aliens extension of stay for a period not exceeding one year for each time. After granting permission , the
Director General shall report to the Commission for their information , with the reason , within seven days
from the date of granting.
Each time when applying for an extension of temporary stay in the Kingdom , the alien shall
submit an application and pay the fees as prescribed in the Ministerial Regulations. While waiting for
directives the alien may be permitted to stay.

 

Permit to stay, no entries. Requires a separate re-entry permit for entries.

What's your point?

[Tanoshi]

23 minutes ago, cleverman said:

What's your point?

You appear to hebetudinous to understand the difference between a Visa and an Extension.

You completely ignore, or fail to understand the wording and meaning of the Immigration Act on temporary staying in the Kingdom, the TM7 form you complete, or the stamp you receive, not one of which contains the word 'Visa', but you believe what you will.

 

[NCC1701A]

18 hours ago, Crisu said:

Can the money be also in a current account and if yes and the balance is changing during the 3 months period but never fall below thr 800k?

 

yes, before the fixed accounts I had a standard saving account at Bangkok bank with the balance going up and down. I had to get statements showing the balance for the entire period of 90 days to prove the money was there. I don't have a checking account so I cannot speak to that. Make sure the bank stamps and dates the statements or immigration will not accept them. For a fixed account there are no "statements". I was asked for a letter from the bank saying the money was there and your updated passbook. 

[NCC1701A]

oh boy! another topic high jacked by the endless debate about if a extension of stay is also a visa. 

[ubonjoe]

A post flaming a member has been removed.