I am now receiving US Social Security to Bangkok Bank.  The codes in my bankbook are KD FTT.   Are these proper codes that would qualify for an extension of stay?

 

I understand that one can mix and match, let's say 400K in the bank and 32,500 a month.  Is any combination OK or must it be at least 50% in the bank and at least 50% in retirement income?

 

The reason I ask is that I was thinking of moving 400K of my 800K to a higher interest non-bankbook account for 6 months of the year.  But I am looking for a backup plan just in case something goes wrong and the money didn't get transferred in a timely manner.

 

Lastly, does the proof of income method require a notarized letter from my Embassy?

My IO is happy with 200k in the bank and 50k per month via Wise. The usual bank letters are needed.

It depends on where you live. Chiang Mai Immigration does NOT allow the "combo" method (combining monthly foreign deposits with stable back balance added to get 800k). It has to be one or the other, 800k or 65k a month.

25 minutes ago, shortstop2 said:

The codes in my bankbook are KD FTT.

That code will be accepted. You will also need a one year bank statement showing the transfers.

There is no written rule that states how much needs to be in the bank for the combination option. But some offices will set their own requirement. Having 400k baht in the bank is common number since that is the minimum amount to be kept in the bank after for 3 months of doing the application when showing 800k baht in the bank.

You would need nothing from the embassy.

On 8/26/2021 at 12:48 PM, shortstop2 said:

I am now receiving US Social Security to Bangkok Bank.  The codes in my bankbook are KD FTT.   Are these proper codes that would qualify for an extension of stay?

FTT is short for "Foreign Telegraphic Transfer", so that code qualifies as prof of the foreign transfer that you might when applying for extension of stay...????

18 minutes ago, khunPer said:

FTT is short for "Foreign Telegraphic Transfer", so that code qualifies as prof of the foreign transfer that you might when applying for extension of stay...????

 I was curious about that.

Now I know

Shortstop2- is your social security coming direct to your Bangkok Bank account here in Thailand or is it first going to Bangkok Bank in New York and then sent to your Thailand account? Thanks