Income requirement

[rethaier]

With the exchange rate being so bad, and a wife and 4 kids, it is difficult to make ends meet so my daughter in the united states helps me out by depositing money into my Thai bank account each month.  If the baht continues to strengthen I may also have trouble qualifying for my visa, so I am wondering if the money she sends me monthly will be considered when assessing my monthly income to qualify for my visa?

[Pumpuynarak]

I can't see any reason why not, its money being transferred into Thailand for living expenses irrespective of the source, but i could be wrong.....

 

 

[Peterw42]

In theory the daughters deposits could be income. It would come down to the individual immigration office, some are happy with just money into a Thai account, others may want a corresponding pension letter for the amount.

[otherstuff1957]

Are you on a Thai Wife Visa extension or a Retirement extension?  

 

It won't count towards a Retirement extension.  

[rethaier]

3 minutes ago, Pumpuynarak said:

I can't see any reason why not, its money being transferred into Thailand for living expenses irrespective of the source, but i could be wrong.....

 

 

thanks

 

[rethaier]

1 minute ago, otherstuff1957 said:

Are you on a Thai Wife Visa extension or a Retirement extension?  

 

It won't count towards a Retirement extension.  

Thai wife.

 

[fishtank]

2 minutes ago, otherstuff1957 said:

Are you on a Thai Wife Visa extension or a Retirement extension?  

 

It won't count towards a Retirement extension.  

Why not?

[rethaier]

3 minutes ago, Peterw42 said:

In theory the daughters deposits could be income. It would come down to the individual immigration office, some are happy with just money into a Thai account, others may want a corresponding pension letter for the amount.

Thanks

 

[Martyp]

You should check to make sure the deposits are being coded as in international transfer.

 

What Immigration office do you report to? You should check with that office about their particular policies. They can differ from office to office. 

 

 

[onera1961]

30 minutes ago, otherstuff1957 said:

It won't count towards a Retirement extension.  

Why it won't count towards retirement extension? Money is money no matter where it comes from.

[onera1961]

44 minutes ago, rethaier said:

If the baht continues to strengthen I may also have trouble qualifying for my visa

Baht will continue to strengthen. It has been slowed down recently due to intervention. But central bank won't be able to keep it checked. Also, in the US there is concerted efforts to weaken the dollar. Rate is being cut. Need to plan for strong baht around 25BHT/USD within a few years. 

Edited August 4, 2019 by onera1961

[sfokevin]

I would think it could be used but it would need to be sent monthly in a consistent amount and date...

[glegolo]

You mean that you have moved from the US to Thailand on such a tight economic situation, so your whole existence is depending on about USD 189.- per month?? That is really terrible...

 

I feel sad for you, but cant stop wondering if it really was for you to start family, have 4 children and fallen down because lack of USD 189.- a month... Maybe should have stayed home and planned the move much better.

 

sorry

glegolo

Edited August 4, 2019 by glegolo

[Peterw42]

1 hour ago, onera1961 said:

Why it won't count towards retirement extension? Money is money no matter where it comes from.

I think he may be referring to some offices want retire income backed up with a pension letter for the same amount.

[Tanoshi]

11 minutes ago, Peterw42 said:

I think he may be referring to some offices want retire income backed up with a pension letter for the same amount.

It's ironic that if you have 800K on deposit in a Thai bank, no questions are asked.

If your using 65K monthly income method, some IO's question where the funds originated and request a Pension statement letter as supporting evidence.

[Tanoshi]

@rethaier

You don't state the source of your current income.

 

If your transferring funds from the US, would it not be more feasible and economic for your daughter to transfer some funds into your US account, then make one International transfer per month.

Edited August 4, 2019 by Tanoshi

[rethaier]

1 hour ago, glegolo said:

You mean that you have moved from the US to Thailand on such a tight economic situation, so your whole existence is depending on about USD 189.- per month?? That is really terrible...

 

I feel sad for you, but cant stop wondering if it really was for you to start family, have 4 children and fallen down because lack of USD 189.- a month... Maybe should have stayed home and planned the move much better.

 

sorry

glegolo

When I moved here in 2010 the exchange rate was much more favorable.  Regardless, your criticism in unwelcome und unhelpful.

 

Edited August 4, 2019 by rethaier

[glegolo]

4 minutes ago, rethaier said:

When I moved here in 2010 the exchange rate was much more favorable.  Regardless, your criticism in unwelcome.

 

Maybe it can help some other guys to think before move... It is way to narrow to stay or not to stay and just USD 189.- in the balance....

 

You call it criticism, I just call it pointing...

glegolo

[rethaier]

2 minutes ago, glegolo said:

Maybe it can help some other guys to think before move... It is way to narrow to stay or not to stay and just USD 189.- in the balance....

 

You call it criticism, I just call it pointing...

glegolo

Call it what you like but get the facts straight first.  I could not predict the depreciation when I moved.

30 minutes ago, Tanoshi said:

@rethaier

You don't state the source of your current income.

 

If your transferring funds from the US, would it not be more feasible and economic for your daughter to transfer some funds into your US account, then make one International transfer per month.

I do not have a US account.  I get a small pension from the USA and Australia and they are both paid directly into my Thai bank.  But what difference does my source of funds make?

 

[rethaier]

1 hour ago, glegolo said:

You mean that you have moved from the US to Thailand on such a tight economic situation, so your whole existence is depending on about USD 189.- per month?? That is really terrible...

 

I feel sad for you, but cant stop wondering if it really was for you to start family, have 4 children and fallen down because lack of USD 189.- a month... Maybe should have stayed home and planned the move much better.

 

sorry

glegolo

Where did 189 / month come from?

 

[Tanoshi]

10 minutes ago, glegolo said:

Maybe it can help some other guys to think before move... It is way to narrow to stay or not to stay and just USD 189.- in the balance....

 

You call it criticism, I just call it pointing...

glegolo

Your comments and criticism of one personal situation is unwarranted and unfair.

Thousand of expats are struggling or on the borderline this year due to the foreign exchange rates.

Non more so than the British who have seen a 25% decline in the exchange rate over the last 30 months.

 

Even Mystic Meg with her crystal ball couldn't have predicted that.

[rethaier]

2 minutes ago, Tanoshi said:

Your comments and criticism of one personal situation is unwarranted and unfair.

Thousand of expats are struggling or on the borderline this year due to the foreign exchange rates.

Non more so than the British who have seen a 25% decline in the exchange rate over the last 30 months.

 

Even Mystic Meg with her crystal ball couldn't have predicted that.

Thank you.  My sentiments exactly, I have lost almost 30K per month on exchange rates since I made the move.

 

[Tanoshi]

18 minutes ago, rethaier said:

I do not have a US account.  I get a small pension from the USA and Australia and they are both paid directly into my Thai bank.  But what difference does my source of funds make?

Because had you been transferring funds, rather than them being paid directly as you've now explained, then my suggestion would have been helpful.

 

Quite a lot of expats in a similar position to yourself, have opted to obtain the Non Imm O multi entry Visa based on marriage from the Thai Consulate in Savannakhet this year, with no financial proof required.

Perhaps not ideal, but if/when exchange rates are better then the option of obtaining an extension again are still open.

Edited August 4, 2019 by Tanoshi

[rethaier]

1 minute ago, Tanoshi said:

Because had you been transferring funds, rather than them being paid directly as you've now explained, then my suggestion would have been helpful.

 

Quite a lot of expats in a similar position to yourself, have opted to obtain the Non Imm O multi entry Visa based on marriage from the Thai Consulate in Savannakhet, with no financial proof required, this year.

Perhaps not ideal, but if/when exchange rates are better then the option of obtaining an extension again are still open.

Yes, I have considered Savanakhet but it is far less expensive to have money transferred than to go there.  Transferring costs about 3500 baht per year and my visa is 2000, that totals 5500.  Whereas, I figure after fuel, hotels, meals and visa it would cost about 20,000 to go through Savanakhet.

 

 

[billd766]

27 minutes ago, glegolo said:

Maybe it can help some other guys to think before move... It is way to narrow to stay or not to stay and just USD 189.- in the balance....

 

You call it criticism, I just call it pointing...

glegolo

I did my retirement planning back in 2002 on 70 THB/GBP. Now can you honestly predict the forex in the next week/ month/year.

 

In 2002 NOBODY knew or could predict about the financial crash of 2008, Brexit and its fallout from 2016 or the strength of the Thai baht.

 

So was I wrong 17 years ago. I have no idea nor do any other financial "experts" in real life and certainly any of the ones on TVF.

[Tanoshi]

4 minutes ago, rethaier said:

Yes, I have considered Savanakhet but it is far less expensive to have money transferred than to go there.  Transferring costs about 3500 baht per year and my visa is 2000, that totals 5500.  Whereas, I figure after fuel, hotels, meals and visa it would cost about 20,000 to go through Savanakhet.

 

 

Keep it in mind as an option, especially if your IO start to question the source of your income, as some have this year due to cessation of Embassy Income letters for certain nationalities.

 

If you use the Non Imm O ME to it's potential, you can stay in Thailand for almost 17 months, before renewing the Visa and with only 3 border run in-between.

[rethaier]

1 minute ago, Tanoshi said:

Keep it in mind as an option, especially if your IO start to question the source of your income, as some have this year due to cessation of Embassy Income letters for certain nationalities.

 

If you use the Non Imm O ME to it's potential, you can stay in Thailand for almost 17 months, before renewing the Visa and with only 3 border run in-between.

Wouldn't that be 4 border runs?

3 during the year and one at the end of 12 months.

 

[Tanoshi]

1 minute ago, rethaier said:

Wouldn't that be 4 border runs?

3 during the year and one at the end of 12 months.

 

No, you can extend each 90 day entry by 60 days (1,900 baht) at your local IO, which is cheaper than doing a border run.

 

How to use a Non Imm O multi entry Visa to it's full potential of staying almost 17 months with only 3 border runs.

 

Visa validity 1 year. Each entry valid 90 days.

Example of Visa issued on 31^st April 2019, Enter before date 30^th April 2020. (Visa validity)

 

Enter Thailand 1^st May 2019.

Permitted to stay until 29^th August (90 days)

60 Day extension (1,900 baht) from local Imm office

Permitted to stay until Oct 27^th.

 

Border run Oct 27^tth re-enter. (1^st Border run).

 

Permitted to stay until Jan 24^th 2020. (90 days)

60 day extension (1,900 baht) from local Imm office.

Permitted to stay until Mar 23^rd.

 

Border run Mar 23^rd re-enter (2^nd Border run)

 

Permitted to stay until June 20^th

However as the Visa expires on the Enter before date of 30^th April 2020, it's necessary to do a further border run no later than 30^th April 2020.

 

Border run 30^th April 2020 re-enter (3^rd Border run)

Permitted to stay until July 27^th (90 days)

60 day extension (1,900 baht) from local Imm office.

Permitted to stay until Sept 25^th.2020.

 

Total length of stay almost 17 months, 3 border runs, 3 x 60 day extensions.

May 1^st 2019 – Sept 25^th 2020.

Renew Visa - repeat.

[KhunFred]

All these problems disappear if you get your extension at Chonburi Immigration by paying a fee and showing evidence of enough income. I was never asked where the income is deposited. You call it "bribery", they call it "business".

[rethaier]

6 minutes ago, Tanoshi said:

No, you can extend each 90 day entry by 60 days (1,900 baht) at your local IO, which is cheaper than doing a border run.

 

How to use a Non Imm O multi entry Visa to it's full potential of staying almost 17 months with only 3 border runs.

 

Visa validity 1 year. Each entry valid 90 days.

Example of Visa issued on 31^st April 2019, Enter before date 30^th April 2020. (Visa validity)

 

Enter Thailand 1^st May 2019.

Permitted to stay until 29^th August (90 days)

60 Day extension (1,900 baht) from local Imm office

Permitted to stay until Oct 27^th.

 

Border run Oct 27^tth re-enter. (1^st Border run).

 

Permitted to stay until Jan 24^th 2020. (90 days)

60 day extension (1,900 baht) from local Imm office.

Permitted to stay until Mar 23^rd.

 

Border run Mar 23^rd re-enter (2^nd Border run)

 

Permitted to stay until June 20^th

However as the Visa expires on the Enter before date of 30^th April 2020, it's necessary to do a further border run no later than 30^th April 2020.

 

Border run 30^th April 2020 re-enter (3^rd Border run)

Permitted to stay until July 27^th (90 days)

60 day extension (1,900 baht) from local Imm office.

Permitted to stay until Sept 25^th.2020.

 

Total length of stay almost 17 months, 3 border runs, 3 x 60 day extensions.

May 1^st 2019 – Sept 25^th 2020.

Renew Visa - repeat.

That sounds quite complicated.  I think I can get 15 months on 4 border runs without the 60 day extensions and save 4000 baht on extensions.  3 runs during the 12 months then a final run on the last day gets me another 90 days.  The 4000 baht only gains me 2 months.  What am I missing.