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Trip Report - Chaeng Wattana (22 February 2024) - Retirement Renewal


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21 minutes ago, expat_4_life said:

never asked about Bank Statements

Thanks for clear report.

 

Regards bank statements....you used FD account. May have been different if you were using savings account. 

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1 minute ago, DrJack54 said:

Thanks for clear report.

 

Regards bank statements....you used FD account. May have been different if you were using savings account. 

 

Almost assuredly 100% correct - that why I included my account type details in my report.

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2 hours ago, DrJack54 said:

Thanks for clear report.

 

Regards bank statements....you used FD account. May have been different if you were using savings account. 

Sorry for my ignorance, but what is an "FD" account? and how is it different than a savings account for immigration?

Thanks.

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Excellent trip report.  Many thanks.  I still maintain that these trip reports are the most valuable contribution to the Forum.

 

Just a note on Immo/CW:  

 

My 800K+ FD account is with SCB, and I use it solely for extension purposes.

 

So, every year, I go to the nearest SCB branch to the Govt. Complex, and they produce two documents:  (1) Is the standard letter indicating the balance on that day (after I deposit a nominal amount to update the bank book); and (2) An annual statement, which lists the balance for the entire year, month by month.

 

In my experience, IMMO/CW (at the online appt desk) seems to like the annual statement, since they go over that carefully with a neon marker. 

 

They also require a photocopy of every page of the up-dated SCB FD bank book.

 

The only cost to me is an extra 200 baht for the annual statement -- which I am happy to pay.

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1 hour ago, TaoNow said:

Excellent trip report.  Many thanks.  I still maintain that these trip reports are the most valuable contribution to the Forum.

 

Just a note on Immo/CW:  

 

My 800K+ FD account is with SCB, and I use it solely for extension purposes.

 

So, every year, I go to the nearest SCB branch to the Govt. Complex, and they produce two documents:  (1) Is the standard letter indicating the balance on that day (after I deposit a nominal amount to update the bank book); and (2) An annual statement, which lists the balance for the entire year, month by month.

 

In my experience, IMMO/CW (at the online appt desk) seems to like the annual statement, since they go over that carefully with a neon marker. 

 

They also require a photocopy of every page of the up-dated SCB FD bank book.

 

The only cost to me is an extra 200 baht for the annual statement -- which I am happy to pay.

 

Are you sure you have a Fixed Deposit (FD) account - I referred to it as a fixed account.  In the US they are commonly referred to as Certificate of Deposit, CD?  This is a type of account that you deposit money for a "fixed term", commonly 3, 6, or 12 months (or longer) and get a better interest rate?

In my FD account the only activity is interest credits and an entire year is little more than a single page?  There is no access to the account except the passbook.

Since bank statements became a thing several years ago I've never been required to obtain a statement.  I have never made a deposit in the account since I opened it 20 years ago.

Are we talking about the same type of account?

Edited by expat_4_life
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4 minutes ago, dick turpin said:

You mention "bank letter obtained day before," always thought

this was required same day as applying for extension.

 

I have always, 20 years, obtained my "Bank Letter" the previous day.

Have seen posted many times that up to a week in advance is acceptable,
however I never tried it personally.  I've always done it the day before.

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I am not sure why, in some of the posts above, the phrase "bank statements" is plural.  When I get my bank letter, they automatically produce one statement that shows the activity for the past year.  Why would multiple statements be needed?

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