800,000 in bank for retirement extension

[ouredd]

I have a foreign currency deposit account where my pension comes every month and a savings account where I transfer into thai baht every month.Can you use both accounts together to prove the 800,000 for retirement extension.

[ubonjoe]

Yes you could use both accounts.

You would need a letter from the bank for each account and updated bank books or statements.

[cleverman]

51 minutes ago, ubonjoe said:

Yes you could use both accounts.

You would need a letter from the bank for each account and updated bank books or statements.

I'm a bit confused Mr Joe. Is he referring to having 800000 in the bank for 3 months ,or monthly income,if he's an Ozzie?

[ubonjoe]

44 minutes ago, cleverman said:

I'm a bit confused Mr Joe. Is he referring to having 800000 in the bank for 3 months

That is is what he is asking about. He would keep part of the 800k baht in one account and the remainder in another account for 3 months.

[steven2018]

I am still a bit confused on the clarity of this situation. Say if one has 400K baht in a Thai bank account and the remainder of 400K baht is a monthly direct deposit (US Social Security) to that Thai bank account - can this combination be used as the 3-month seasoned funds?

 

 

 

 

[ubonjoe]

41 minutes ago, steven2018 said:

I am still a bit confused on the clarity of this situation. Say if one has 400K baht in a Thai bank account and the remainder of 400K baht is a monthly direct deposit (US Social Security) to that Thai bank account - can this combination be used as the 3-month seasoned funds

You are writing about something different than what the OP was writing about.

A combination of income and money in the bank is possible. Per your example if your annual income from Social Security was equal to or greater than 400k baht you could combine it with the 400k baht in the bank to reach a total of 800k baht.

[steven2018]

You are writing about something different than what the OP was writing about.
A combination of income and money in the bank is possible. Per your example if your annual income from Social Security was equal to or greater than 400k baht you could combine it with the 400k baht in the bank to reach a total of 800k baht.

Ah - ok. Thank you for responding to my 'dense ' question. Appreciated.

[phuketrichard]

1 hour ago, ubonjoe said:

You are writing about something different than what the OP was writing about.

A combination of income and money in the bank is possible. Per your example if your annual income from Social Security was equal to or greater than 400k baht you could combine it with the 400k baht in the bank to reach a total of 800k baht.

Combo method is how i have done it for years and years, always have my ss statement, ( never been asked for ) with me PLUS the embassy letter and bank book .

BUT how does one Prove the money from ss without the embassy letter?
my SS is direct deposited to a US bank account

[JackThompson]

22 minutes ago, phuketrichard said:

BUT how does one Prove the money from ss without the embassy letter?
my SS is direct deposited to a US bank account

Currently, TI has not made any announcement about how to prove income without an embassy income-letter. 

 

The embassies who have cancelled their letters are claiming that TI will accept deposits of the income-amount into a Thai account as proof of that income. 

 

I find this claim hard to believe, as it would be so easy to fake deposits as income (by sending money out and back).  Maybe they will also want to see SS-statements or similar (also easy to fake - and what about various other forms of income?), but we really have no idea, at this point.

[wgdanson]

2 minutes ago, JackThompson said:

I find this claim hard to believe, as it would be so easy to fake deposits as income (by sending money out and back). 

So the IO looks at your bank book, sees 65k coming in. If he then sees 65k going out abroad again.....no extension.

[JackThompson]

34 minutes ago, wgdanson said:

So the IO looks at your bank book, sees 65k coming in. If he then sees 65k going out abroad again.....no extension.

Right.  It would not be wise to send the "un-needed" incoming back out abroad from the same account you show to the IO.  Most would withdraw it, so it looks like "spending," then sent it out by another account/service.

[wgdanson]

24 minutes ago, JackThompson said:

Right.  It would not be wise to send the "un-needed" incoming back out abroad from the same account you show to the IO.  Most would withdraw it, so it looks like "spending," then sent it out by another account/service.

Agreed. But then the IO says 'Does your wife REALLY spend 35k a month on shoes?'   lol

[wwest5829]

5 hours ago, ubonjoe said:

You are writing about something different than what the OP was writing about.

A combination of income and money in the bank is possible. Per your example if your annual income from Social Security was equal to or greater than 400k baht you could combine it with the 400k baht in the bank to reach a total of 800k baht.

If I have Thai bank booklet documentation of having 350,000 baht in Kasikorn Bank and can show my Bangkok Bank account receives 65,000 baht a month transferred in every month for over a year ... why would an Affidavit from the U.S. Consulate here in CM be needed?

[ubonjoe]

8 minutes ago, wwest5829 said:

If I have Thai bank booklet documentation of having 350,000 baht in Kasikorn Bank and can show my Bangkok Bank account receives 65,000 baht a month transferred in every month for over a year ... why would an Affidavit from the U.S. Consulate here in CM be needed?

As of today you would still need the income affidavit. Immigration has not changed their requirement to have one.

[weedywhaoo]

I asked Saraburi immigration if it was okey to have swedish money in a FCD account at a thai bank equal or more than 800 000 baht. They said it must be thai currency only.

Any comment anyone

[ubonjoe]

18 minutes ago, weedywhaoo said:

I asked Saraburi immigration if it was okey to have swedish money in a FCD account at a thai bank equal or more than 800 000 baht. They said it must be thai currency only.

That is just a local policy at that immigration office or an officer saying what he thinks. There is no rule that states you cannot use one.

Many people use them for their extension of stays.

 

[Henricus]

2 hours ago, weedywhaoo said:

I asked Saraburi immigration if it was okey to have swedish money in a FCD account at a thai bank equal or more than 800 000 baht. They said it must be thai currency only.

Any comment anyone

Did my extension on Friday Thai bank book with Euro no problem

[The Deerhunter]

On 10/27/2018 at 9:43 AM, ubonjoe said:

You are writing about something different than what the OP was writing about.

A combination of income and money in the bank is possible. Per your example if your annual income from Social Security was equal to or greater than 400k baht you could combine it with the 400k baht in the bank to reach a total of 800k baht.

Another really important point is that the account must be in ONLY your name.  Last year I had more than that here but it was in a joint account with my Thai wife and that halved its value in the eyes of Thai Immigration.  Fortunately I had a letter re income from my Embassy with me  (not UK or USA)  and we were able to still do it by a combination.

[weedywhaoo]

Thank you all for your replies.