800,000 moved to new bank account

[Lorry]

I put 800,000 into the new bank account when I still had 800,000 in the old account. 

Then,  after a couple of weeks, I canceled the old account. 

So, for a while I had 800,000 in each account. 

Both accounts are fixed deposit accounts. 

 

Anybody has recent experience what documentation  immigration may want to see for visa extension?

 

Thx

 

 

[DrJack54]

If you cancelled the first FD account the bank would have kept the bank book. 

Suggest you go to bank where FD was cancelled and inquire about obtaining some sort of record (bank statement)

 

[CRUNCHER]

3 hours ago, DrJack54 said:

If you cancelled the first FD account the bank would have kept the bank book. 

Suggest you go to bank where FD was cancelled and inquire about obtaining some sort of record (bank statement)

 

Why would the bank keep the old book?  I have got all my old books. (Bangkok Bank)

[Lorry]

7 hours ago, DrJack54 said:

If you cancelled the first FD account the bank would have kept the bank book. 

Suggest you go to bank where FD was cancelled and inquire about obtaining some sort of record (bank statement)

 

I still have the canceled bank book.

I also have bank statement of that account. 

Obviously,  no bank letter from the old bank.

Hopefully,  that's enough. 

[Liquorice]

5 hours ago, Lorry said:

I still have the canceled bank book.

I also have bank statement of that account. 

Obviously,  no bank letter from the old bank.

Hopefully,  that's enough. 

Provided you have a bank statement from the old account, which will overlap the start date of the new account, I don't forsee an issue.

You'll only require a letter from your existing bank at the time of extension renewal.

 

Personally, I'd have just opened a new account and then completed a bank transfer from old to new.

[DrJack54]

10 hours ago, CRUNCHER said:

Why would the bank keep the old book?  I have got all my old books. (Bangkok Bank)

Because they did and insisted on this.

Kasikorn bank 2 weeks ago. FD account. 

[Lorry]

4 hours ago, DrJack54 said:

Because they did and insisted on this.

Kasikorn bank 2 weeks ago. FD account. 

Wow. Good to know for the future. 

Bangkok Bank, SCB and Krungsri Bank all let you keep the canceled bank books.

 

I just asked K-bank's call center,  they said normally the staff will punch a whole in the old bank book and the customer can keep it (same procedure as the other banks). There is no rule that the bank has to keep the old book. 

Yeah, "normally"... What's normal in Thailand?

[CRUNCHER]

18 hours ago, Lorry said:

I put 800,000 into the new bank account when I still had 800,000 in the old account. 

Then,  after a couple of weeks, I canceled the old account. 

So, for a while I had 800,000 in each account. 

Both accounts are fixed deposit accounts. 

 

Anybody has recent experience what documentation  immigration may want to see for visa extension?

 

Thx

 

 

OP please let us know how you get on.  I am sure that a lot of people will be interested.

[LivingNThailand]

I did that once.  The first year I went to immigration, I got 12 month statements for both accounts.   Since you had 800,000 in both accounts for a couple of weeks it shouldn't be a problem.   If you are transferring the 800,000 into a new account, immigration wants you to do it SAME DAY.  Not one day delay.   I still have all my bank books from day 1, but I don't remember if I showed both at immigration.  My gut feeling is that they want to see the current book and with 2 statements from both banks, there shouldn't be a problem.  Good luck and let us know how it goes.

 

 

[oldcpu]

21 hours ago, LivingNThailand said:

I did that once.  The first year I went to immigration, I got 12 month statements for both accounts.   Since you had 800,000 in both accounts for a couple of weeks it shouldn't be a problem.

 

 

Thanks - that's interesting to know (even if no longer applicable to me).

 

When I did this a few years back (switching from Bangkok Bank to Krungsri bank) , I simply setup a new Krungsri account with the 800k THB in it for over a year, before switching from Bangkok Bank account (where I also maintained the 800k THB for the same year), and that also worked fine for Phuket immigration.  My biggest 'worry' was it would be more difficult (for the new Krungsri Bank account, as opposed to the old Bangkok Bank account) to prove the new 800k in Krungsri came from outside of Thailand.  The money did come from outside of Thailand, but the paper trail would have been complicated and a small annoyance to prove.

 

Thankfully immigration never asked for that proof.

 

Edited May 5 by oldcpu

[DrJack54]

4 hours ago, oldcpu said:

.....Krungsri Bank account, as opposed to the old Bangkok Bank account) to prove the new 800k in Krungsri came from outside of Thailand.

Proof funds came from outside of Thailand is only required for application for non O and not for extensions (using money in bank method) 

[Lorry]

No problems at all at CW

 

I put 800,000 into the account of my new bank,  2 weeks before I withdraw the 800,000 from the account at my old bank.

Both accounts fixed term deposit accounts.

 

So for 2 weeks, I had 800,000 in each of both accounts. 

 

I submitted old and new bank book, with copies of all pages, and statement and bank letter only from the new bank.

Both document checker and IO looked thoroughly at the dates of my transactions, both were satisfied and didn't even mention anything to me.

 

 

[watthong]

1 hour ago, Lorry said:

I submitted old and new bank book, with copies of all pages, and statement and bank letter only from the new bank.

Both document checker and IO looked thoroughly at the dates of my transactions, both were satisfied and didn't even mention anything to me.

 

Thanks for the update. Much appreciated.

Even if the transition happens in one day, "logic" would dictate that:

 

a ) Closing one account and opening a new account (ie moving 800K between old and new one) on the SAME DAY "should" satisfy the requirement that you have 800K in one bank account of that particular day.

 

(I say "should" because IO could nick pick that at one period of that day, between the closing of one and the opening of the other, you did not have 800K in a bank account. I remember some past situation when - in one same account as opposed to closing one and opening another - one person made a withdrawal that let the balance drop below 800K, but later filled it up. He did that in the same day. However the IO faulted him on that, saying that in one instance - even though within the same day - his account dipped below the 800K line and therefore not qualified for extension!)

 

b ) If you have that transition stretched out say 2 weeks, meaning having 2 accounts both holding 800K each for 2 weeks, then for that period you have twice the amount of 800k in bank accounts.

In both scenarios, you have satisfied the requirement of having at least 800k in bank account(s) during the "transition" period. The rest would be the formalities of proof, ie the supporting documents, and that would be at the whims of the IO, though on our part we can make sure to have bank statements and bank books (both old and new accounts) at the ready just in case. As it turned out, you only needed "statement and bank letter only from the new bank." Good job!