omnipresent Posted June 15, 2023 Posted June 15, 2023 After keeping over 400k THB for at least 2 months in a bank account and then submitting an application for extension of stay, are we still required to keep at least 400k THB in the same account afterwards while the submission is under consideration (which could be for another 3w)? I want to move the money ASAP to a different bank account that earns much higher interest. I couldn't use that account for extension of stay because the bank doesn't give a passbook for it. 2
Popular Post MJCM Posted June 15, 2023 Popular Post Posted June 15, 2023 It is always best to not touch the money during the under consideration period, a friend of mine had to go back to Immigration weeks in his under consideration period to bring the IO some documents including a new Bank letter. YMMV 3
Popular Post DrJack54 Posted June 15, 2023 Popular Post Posted June 15, 2023 Most imm offices don't check. I have never read an issue other that a warning to maintain the funds next time. Find the desire for urgent move funds into higher % interest rate bit ridiculous. 4 2
Popular Post chalawaan Posted June 15, 2023 Popular Post Posted June 15, 2023 In all cases where money is part of the visa or extension process, it's best to err on the side of caution. Have enough to live on without going below the principal they require. What's the interest rate anywhere that justifies an urgent need to move this little amount of money? Inflation is probably seeing you go backwards in any retail bank. 2 2
Popular Post BritTim Posted June 15, 2023 Popular Post Posted June 15, 2023 As others have posted, while many immigration offices do not seem to care, it is prudent to leave the money untouched until you have the final approved extension in your passport. One reasonable rational for that is that you should meet the requirements at the time your extension is approved, not just when you hand your application to the immigration office. 2 1
Popular Post foreverlomsak Posted June 15, 2023 Popular Post Posted June 15, 2023 19 minutes ago, omnipresent said: I want to move the money ASAP to a different bank account that earns much higher interest. Must be one hell of a interest rate if 1 month of 400,000 B deposit causes near panic. Would you be prepared to illuminate those in the dark of the bank, the type of account and the interest rate involved. I'm on retirement so would like to do something better for 7 months with 400,000 B plus I have more in a savings account that could be added. 3 1 2 1 1
omnipresent Posted June 15, 2023 Author Posted June 15, 2023 It appears everyone is unsure. The problem is that there's no clear written rule / regulation by government that definitively answers the question. Maybe I should have asked more specifically: Have Bangkok Immigration staff (at Chaengwattana) lately been checking bank balance (again) when applicants return to collect the extension of stay approval stamp? I usually park my money in SCB EZ Savings account that earns 1.5%/y, so 400k THB would earn almost 500 THB over 1 month. It's a "small" amount but I'd still prefer to get it than get nothing. But the point is that all of us would rather want the freedom to do what we want with the money than to have it stuck there for longer than is necessary. What is "necessary" is the question. 1 1
Popular Post DrJack54 Posted June 15, 2023 Popular Post Posted June 15, 2023 9 minutes ago, omnipresent said: It appears everyone is unsure Not at all. You have been given good advice. I have never read a report of immigration office refusing to issue the stamp when returning after under consideration period. Have read reports where there was a warning for next extension. Seriously you do a thread over 500b less tax. Please. 4 1 1
kennw Posted June 15, 2023 Posted June 15, 2023 12 hours ago, DrJack54 said: Most imm offices don't check. I have never read an issue other that a warning to maintain the funds next time. Find the desire for urgent move funds into higher % interest rate bit ridiculous. Interest on 400,000 not worth considering, due to the risk with Imm, leave it there until you are all done 1 2 1
DrJack54 Posted June 16, 2023 Posted June 16, 2023 13 minutes ago, kennw said: Interest on 400,000 not worth considering, due to the risk with Imm, leave it there until you are all done Yes agreed however in 10 years I have never read a report of final stamp not issued due to not maintaining funds. Yes he should maintain the fund The small amount of interest I have pointed out is ridiculous 1 1
Muhendis Posted June 16, 2023 Posted June 16, 2023 The 400k needs to be in the bank on the day of application (+ previous 2 months). That is the immigration requirement. However this "under consideration" thing may mean there is a possibility of having to do the application again so funds are needed in the bank. This whole thing of "under consideration" stinks in my opinion because, many years ago when I first applied for an extension, the wait was two weeks or thereabouts. Under consideration has crept into the rules and may not even be official. Perhaps someone knows if it is in the rules now? 1
sirineou Posted June 16, 2023 Posted June 16, 2023 13 hours ago, foreverlomsak said: Must be one hell of a interest rate if 1 month of 400,000 B deposit causes near panic. Would you be prepared to illuminate those in the dark of the bank, the type of account and the interest rate involved. I'm on retirement so would like to do something better for 7 months with 400,000 B plus I have more in a savings account that could be added. I read some place that banks were considering raising the interest rate paid to 2% , 400,000 baht at 2% will net about 600baht. Not enough money to take a chance for IMO.
BritTim Posted June 16, 2023 Posted June 16, 2023 15 minutes ago, Muhendis said: The 400k needs to be in the bank on the day of application (+ previous 2 months). That is the immigration requirement. However this "under consideration" thing may mean there is a possibility of having to do the application again so funds are needed in the bank. This whole thing of "under consideration" stinks in my opinion because, many years ago when I first applied for an extension, the wait was two weeks or thereabouts. Under consideration has crept into the rules and may not even be official. Perhaps someone knows if it is in the rules now? It is obviously in the rules as set by the head of the Immigration Bureau under the direction of the Minister of the Interior. It applies to all Immigration divisions. It is true that how applications for extensions are to be handled is not specified in the Immigration Act (except for generalities) or even in the Police Order that lists the various extension categories and their requirements. However, it is clear that the "under consideration" process has been decreed from above, and must be followed by all immigration offices until the instructions they are under changes.
Popular Post Bangkok Barry Posted June 16, 2023 Popular Post Posted June 16, 2023 27 minutes ago, Muhendis said: This whole thing of "under consideration" stinks in my opinion It's ridiculous. I've been married for over 32 years, lived in Thailand with her for close to 30 years and still have to wait for weeks while they decide whether I can 'visit' her. And then I have to report myself to immigration every three months as if I'm a criminal on probation. What, exactly, do they spend a month considering? They have evidence money is in the bank, they have the Kor Ror 2 confirming we are married. What the **** is their problem? 2 1 1 2 2
stoner Posted June 16, 2023 Posted June 16, 2023 6 minutes ago, Bangkok Barry said: It's ridiculous. I've been married for over 32 years, lived in Thailand with her for close to 30 years and still have to wait for weeks while they decide whether I can 'visit' her. And then I have to report myself to immigration every three months as if I'm a criminal on probation. What, exactly, do they spend a month considering? They have evidence money is in the bank, they have the Kor Ror 2 confirming we are married. What the **** is their problem? iv'e been married 16 years. you would think that after say 10 years of marriage they would be able to look at your application and make a reasonable conclusion. barry i see your comment was made with black font. we are gonna need you to go ahead and fill out a new application in blue. 1
Vibora99 Posted June 16, 2023 Posted June 16, 2023 It's the most ridiculous thing I've ever read (so much use for 500 minus taxes, minus some commission)???? or €10? 1 1
brianthainess Posted June 16, 2023 Posted June 16, 2023 41 minutes ago, Muhendis said: The 400k needs to be in the bank on the day of application (+ previous 2 months). That is the immigration requirement. However this "under consideration" thing may mean there is a possibility of having to do the application again so funds are needed in the bank. This whole thing of "under consideration" stinks in my opinion because, many years ago when I first applied for an extension, the wait was two weeks or thereabouts. Under consideration has crept into the rules and may not even be official. Perhaps someone knows if it is in the rules now? As said a million times before every office make their own rules, Trat have never asked to see the bank balance again, but I wouldn't empty my account until I got the Stamp in my PP.
Muhendis Posted June 16, 2023 Posted June 16, 2023 3 minutes ago, brianthainess said: Trat have never asked to see the bank balance again, but I wouldn't empty my account until I got the Stamp in my PP. Buriram office asked to see the bank balance again one year but for the past two years they haven't asked for it. 1
stoner Posted June 16, 2023 Posted June 16, 2023 pathum has asked to see money for 4 years now. they have also come to visit every year. just had them out the other day.
Xin Loi Posted June 16, 2023 Posted June 16, 2023 16 hours ago, DrJack54 said: Most imm offices don't check. I have never read an issue other that a warning to maintain the funds next time. Find the desire for urgent move funds into higher % interest rate bit ridiculous. Udon T, always asks and sometimes surprises me with made up stuff, to check if it is still there.
brianthainess Posted June 16, 2023 Posted June 16, 2023 2 hours ago, stoner said: they have also come to visit every year. just had them out the other day. For 6 years I always get a visit.
brianthainess Posted June 16, 2023 Posted June 16, 2023 16 hours ago, omnipresent said: It's a "small" amount but I'd still prefer to get it than get nothing. Then open a Mee Tee account with KrungSRI bank at 0.9% up to 2 million. guessing your with BKB. 1
orchidfan Posted June 16, 2023 Posted June 16, 2023 3 hours ago, stoner said: pathum has asked to see money for 4 years now. they have also come to visit every year. just had them out the other day. I guess you're referring to Pathum Thani Imm office. I've been going to them for many years and they NEVER once enquired about the 400K after the "under consideration " period. in fact during the covid years, and thereafter, everything is done while customers wait outside under a marquee. Just hand in the passport to the lady at "reception/triage " on appointed day and wait outside for someone to bring it out with stamp inside ! Exactly the same procedure for getting stamps transferred to a new PP.. Yes, they always do a home visit in the nice BMW. I recall the late ubonJoe answering this old chesnutt many times and stating that there is NO written requirement or rule regarding the 400K other than the 2 months seasoning before the renewal application..
stoner Posted June 16, 2023 Posted June 16, 2023 6 minutes ago, orchidfan said: NEVER once enquired about the 400K after the "under consideration " period only when i applied was money checked. sorry should of put that in there.
stoner Posted June 16, 2023 Posted June 16, 2023 1 hour ago, brianthainess said: For 6 years I always get a visit. 2 new guys this year. apparently the 2 others are saraburi now.
orchidfan Posted June 16, 2023 Posted June 16, 2023 4 hours ago, Bangkok Barry said: It's ridiculous. I've been married for over 32 years, lived in Thailand with her for close to 30 years and still have to wait for weeks while they decide whether I can 'visit' her. And then I have to report myself to immigration every three months as if I'm a criminal on probation. What, exactly, do they spend a month considering? They have evidence money is in the bank, they have the Kor Ror 2 confirming we are married. What the **** is their problem? Agreed . My thai wife and I lived (me working) in Hong Kong for 20 years, but after only 7 years, got Permanent Residence /ID. No visits to /from Immigration, no scrutiny of money in the bank, or reporting! Can own property and.live there forever.....if we wish
transam Posted June 16, 2023 Posted June 16, 2023 At Ubon, I asked what I need to bring when my under consideration ends, they said, "Just your passport".... So, do this and see what they say, after all, you have for filled the 60 days in the bank requirement thingy......????
Yellowtail Posted June 16, 2023 Posted June 16, 2023 Another vote for the Krungsri Mee Tae Dai account. You draw interest, you get a book you can update same day at CW, and you can get your letter same day in minutes at CW. 1
transam Posted June 16, 2023 Posted June 16, 2023 7 minutes ago, orchidfan said: Agreed . My thai wife and I lived (me working) in Hong Kong for 20 years, but after only 7 years, got Permanent Residence /ID. No visits to /from Immigration, no scrutiny of money in the bank, or reporting! Can own property and.live there forever.....if we wish Perhaps most of us cannot provide the requirements for that..............???? 1
Yellowtail Posted June 16, 2023 Posted June 16, 2023 At CW, I did have to show my updated passbook when I went back for the stamp, but that was only once several years ago, and they told me to bring it. In any event, anytime I go to CW I take all the passbooks and update them there as I never get it done otherwise. Nice to have BKK, Kasikorn and Krunsri in a row...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now