Proof of income and how much more

[Larryst]

I just started getting direct deposit May 3, 2019 from Social Security to my Bangkok Bank account in Pattaya (the BigC branch on Pattaya Klang). Good thing about transferring money to that branch. I can go online & check my balance and use a ATM on that account, no bank fees for transfers. On my bank book it shows Bank code of FTT and the amount deposited is already in Thai Baht of about 50K. My retirement extension to stay in Thailand expires next February 2020. Will this work for the extension and how much more would I have to put in my savings account herein Thailand. If I figured right. I should have about 180,000 baht saved by November 2019 (3 month rule). I have extended my retirement for about 15 years now since 2004 with no problems. The reason I'm asking is, I'm going back to the states for a month and I will bring enough cash to cover the 180,000 baht. Let me know if this would work at immigration in Jomtein. Thanks for your input & help.

[marcusarelus]

First one I've heard who has an ATM with a direct deposit account.  What is the 180,000 baht?  It's 65 per month. 

[Larryst]

1 minute ago, marcusarelus said:

First one I've heard who has an ATM with a direct deposit account.  What is the 180,000 baht?  It's 65 per month. 

Just started, SSA has direct deposits to banks in Thailand started around the end of February. Had to send the forms to the Philippines and took about two months to process. 180,000 baht is what I figured. Because I'm getting 50K direct deposit and immigration needs 65K. Difference would be 15,000 times 12 months comes to 180,000.

[ubonjoe]

2 minutes ago, Larryst said:

Just started, SSA has direct deposits to banks in Thailand started around the end of February. Had to send the forms to the Philippines and took about two months to process. 180,000 baht is what I figured. Because I'm getting 50K direct deposit and immigration needs 65K. Difference would be 15,000 times 12 months comes to 180,000.

It seem you are writing about doing a combination of annual income and money in a Thai bank to reach at total of 800k baht. The money only has to be in the bank for 2 months under the new rules.

You are making an error thinking it is a 780k baht for the combination option. You will need 200k baht in the bank but you have to allow for exchange rate fluctuations that could make you income less that 50k baht per month.

I am not sure you will be able to apply next year with only 10 months of transfers. They may insist upon 12 months of transfers.

[Jingthing]

I think the communication from immigration has been unusually CLEAR on that point.

Next year, they will definitely only accept the full 12 months of income transfers for the full 65K method and that would include combo applications which are a hybrid of income and bank.

[Larryst]

So basically, I would be two months short from having 12 months of direct deposits. What other options is there? Leave Thailand in February 2020, for two months with a reentry stamp. Then extend my retirement visa then.

[ubonjoe]

9 minutes ago, Larryst said:

So basically, I would be two months short from having 12 months of direct deposits. What other options is there? Leave Thailand in February 2020, for two months with a reentry stamp. Then extend my retirement visa then.

If your extension is ending in February a re-entry permit would expire on that day.

You could try to do the extension and if you could not do it you could leave the country and get a single entry non-o visa that would allow a 90 day entry and the apply for new extension during the last 30 days of the 90 day entry.

[marcusarelus]

So, does this guy really get SS direct deposit with an ATM card?

[ubonjoe]

6 minutes ago, marcusarelus said:

So, does this guy really get SS direct deposit with an ATM card?

Apparently he does. He submitted a sign up form for the new International Direct Deposit using a standard bank account.

[Larryst]

9 minutes ago, marcusarelus said:

So, does this guy really get SS direct deposit with an ATM card?

I didn't get a ATM card from SSA. I got direct deposit going into my Bangkok Bank account. Which I had a ATM card with my savings account with Bangkok Bank. I can also go online on Bangkok Bank and check my savings account of transfers.

[Larryst]

1 hour ago, ubonjoe said:

It seem you are writing about doing a combination of annual income and money in a Thai bank to reach at total of 800k baht. The money only has to be in the bank for 2 months under the new rules.

You are making an error thinking it is a 780k baht for the combination option. You will need 200k baht in the bank but you have to allow for exchange rate fluctuations that could make you income less that 50k baht per month.

I am not sure you will be able to apply next year with only 10 months of transfers. They may insist upon 12 months of transfers.

Would this combination work? If I need 200K in the bank. Would increasing that to 300K to cover the 2 months short of having 1 year of direct deposit.

[Larryst]

Edited

 

[ubonjoe]

7 minutes ago, Larryst said:

Would this combination work? If I need 200K in the bank. Would increasing that to 300K to cover the 2 months short of having 1 year of direct deposit.

I have no idea if that would work. Only your local immigration can give you an answer to your question.

The rules state 12 months of transfers to prove the income part of the combination.

[Jingthing]

13 minutes ago, Larryst said:

Would this combination work? If I need 200K in the bank. Would increasing that to 300K to cover the 2 months short of having 1 year of direct deposit.

I would say almost definitely not.

But yes you can ask an officer now and even if he tells you OK, that response will be worthless when you actually go in with the application. Again, they couldn't be more clear about the import requirements for NEXT YEAR's for income based applications -- 12 months needed. 

[Larryst]

4 minutes ago, Jingthing said:

I would say almost definitely not.

But yes you can ask an officer now and even if he tells you OK, that response will be worthless when you actually go in with the application. Again, they couldn't be more clear about the import requirements for NEXT YEAR's for income based applications -- 12 months needed. 

Probably won't work. But, it's worth trying. Things always change from now till next year.

[marcusarelus]

1 hour ago, Larryst said:

I didn't get a ATM card from SSA. I got direct deposit going into my Bangkok Bank account. Which I had a ATM card with my savings account with Bangkok Bank. I can also go online on Bangkok Bank and check my savings account of transfers.

I did too for a couple of months then Bank of Bangkok called me to change it to a direct deposit account with no ATM.