After Non-O extension is granted, can I withdraw my 800k?

[Exploring Thailand]

1 hour ago, OJAS said:

In which case you'll then have the dreaded mandatory 400k/40k health insurance policy requirement to have to contend with. Easier said than done in practice, I suspect, to take out acceptable policies in our home countries in view of certification requirements which necessitate insurers being fully au fait with the provisions of some obscure Thai Cabinet resolution!

I'll probably get insurance here. I know it's something of a quagmire, but it's something I've been considering doing anyway.

[flexomike]

5 hours ago, Lite Beer said:

It is if your Thai Wife works and chips in with the expenses.

Maybe you need a new Wife.

555, maybe your wife needs a new husband, mine doesn't have to work

 

[OJAS]

18 hours ago, Exploring Thailand said:

I'll probably get insurance here. I know it's something of a quagmire, but it's something I've been considering doing anyway.

Please note that the policy will need to be with one of the approved insurers listed on the TGIA website:-

 

https://longstay.tgia.org/

 

If you're after a policy which does more than just ticking an Immigration box may I suggest one of the Pacific Cross policies listed in the following link, except for the Longstay Visa Platinum 1-3 ones which are rip-off's:-

 

https://www.pacificcrosshealth.com/en/longstay-visa/

 

If, like me, you have an aversion to dealing with insurance companies direct, I have personally found AA Insurance Brokers to be effective intermediaries:-

 

https://www.aainsure.net/

 

 

[Exploring Thailand]

37 minutes ago, OJAS said:

If you're after a policy which does more than just ticking an Immigration box may I suggest one of the Pacific Cross policies

Thanks, last time I looked into this both Pacific Cross and AA were towards the top of the list, another was April. I've since seen Cigna which, if I understand correctly, has the advantage that they are legally obliged not to increase the premium after a claim, unlike Thai insurers who increase it as a matter of course. 

 

Anyway, I'll review it all again a bit closer to the time.

[Barley]

I assume the 800k can be split on several Thai bank accounts at different banks? F.e. 450k at SCB and 350k at Kasikorn?

 

Is that correct?

[DrJack54]

12 minutes ago, Barley said:

I assume the 800k can be split on several Thai bank accounts at different banks? F.e. 450k at SCB and 350k at Kasikorn?

 

Is that correct?

I wouldn't do that. 

Personally I use 2 accounts at same bank. That's only because one is FD and one savings.

Think you might find negativity to more accounts. Apart from that makes little sense.

[Barley]

That wasn't my question.

My question was if it can be done and it would be legal/accepted.

 

Thinking of moving to another bank and want to do that in the transition phase.

AND my first bank would have the proofs of international transfer, since the money came into the first bank and is then being transfered to the second bank.

[Lite Beer]

On 9/7/2021 at 6:54 PM, flexomike said:

555, maybe your wife needs a new husband, mine doesn't have to work

 

Maybe my Wife enjoys working and doesn't want to laze around all day.

[DrJack54]

26 minutes ago, Barley said:

That wasn't my question.

My question was if it can be done and it would be legal/accepted.

 

Thinking of moving to another bank and want to do that in the transition phase.

AND my first bank would have the proofs of international transfer, since the money came into the first bank and is then being transfered to the second bank.

You only need show that the 800k came from overseas for the non O application. 

For extensions, to show money came from overseas is not required. 

 

[Barley]

2 hours ago, DrJack54 said:

For extensions, to show money came from overseas is not required. 

Since I will have to start the process anew with a non-O, that's what I need to do.

[ubonjoe]

7 hours ago, Barley said:

Since I will have to start the process anew with a non-O, that's what I need to do.

If applying for a non-o visa at immigration the 800k baht only has to be in the bank on the day you apply. You will need proof the 8020k baht came from abroad if you have recently deposited it. If has been in the bank for a long time the will waive the requirement.

To apply for the one year extension of stay the 800k baht will need to be in the bank for 2 months. No proof it came from is needed. 

[SCOTT FITZGERSLD]

On 9/3/2021 at 7:32 PM, Srjs said:

have had 800,000+ baht in the bank for several years

will not be a problem at all

[SCOTT FITZGERSLD]

i have a question regarding re-entry permits.

when should i pay for annual multi entry permit, or whatever they call it?

can it be on the same day i get the non-O visa?

[Thaifly88]

you definitely should not go to an immigration office - go straight to a visa agent and see what you need to do pronto !!! 

[skatewash]

10 minutes ago, SCOTT FITZGERSLD said:

i have a question regarding re-entry permits.

when should i pay for annual multi entry permit, or whatever they call it?

can it be on the same day i get the non-O visa?

You can get it immediately after getting your extension of stay.  The re-entry permit can be single or multiple entry (1,000 or 3,800 baht, respectively) and will be good to use up until your new permission to stay date.  Any re-entry permit you purchase is valid until your current permission to stay until date, regardless of when you purchase it.  Re-entry permits can also be purchased at international airports before you leave Thailand.

When you re-enter Thailand using a re-entry permit you will be stamped with a permission to stay up until your current permission to stay date.  If your re-entry permit is derived from a Non-OA visa (rather than a non-O visa) you will need to satisfy health insurance requirements (400,000 inpatient, 40,000 outpatient) for your entire permission to stay period stamped into your passport.  You will not be stamped with a permission to stay that exceeds your health insurance coverage.

[LongTimeLurker]

On 9/3/2021 at 11:43 PM, Barley said:

Ok, I guess I messed up then!

 

My extension was granted 5 Aug 2021 until 29 Aug 2022.

 

I withdrew 380.000 last week, thinking I would be fine with 400K for sure.

 

I was thinking I could withdraw it all until a few weeks before applying again.

 

So what are my options now?

 

A mate of mine dipped below the 400k for a few days and on renewal the IO told him to go see an agent to apply for his extension. But he had the 800k in for the required first 3 months before dipping bellow the 400k.

[Jingthing]

55 minutes ago, LongTimeLurker said:

A mate of mine dipped below the 400k for a few days and on renewal the IO told him to go see an agent to apply for his extension. But he had the 800k in for the required first 3 months before dipping bellow the 400k.

The 800K requirement is actually TWO months BEFORE, and THREE months AFTER. A lot of people think it's three months before because that was the old rule, BEFORE there was any AFTER requirement at all. 

[SCOTT FITZGERSLD]

2 hours ago, Jingthing said:

THREE months AFTER

3 MONTHS after getting the non-O itself or 3 months aftergetting the one year ?

[Jingthing]

10 minutes ago, SCOTT FITZGERSLD said:

3 MONTHS after getting the non-O itself or 3 months aftergetting the one year ?

The latter.

[skatewash]

The minimum balance for a retirement extension using the lump-sum bank deposit method cannot fall below:

 

800k baht two (2) months prior to the application for extension

800k baht three (3) months after the application for extension

400k baht the rest of the year