The 400k rule to stay in Thailand with your loved ones.

[DrJack54]

1 minute ago, seajae said:

I just remove the money for 9 months once my extension is approved and place it in a seperate account with the chance of excellent interest.

What is the rate of "excellent interest" you refer to.

What money do you live off during this 9 months. 

 

[Celsius]

3 minutes ago, seajae said:

with the chance of excellent interest.

 

Sarcasm?

[mdr224]

Im not comfortable with any amount of my money in a thai bank. Thai people in control of my money? The idea is absurd

[IvorBiggun2]

10 hours ago, ukrules said:

It's not unintentional - it's quite deliberate. Not enough money then you're not welcome.

That is not true. I doubt there isn't an immigration office in Thailand that isn't acting as a agent because farangs aren't as rich as they are supposed to be.

[DrJack54]

4 minutes ago, Celsius said:

 

Sarcasm?

I replied to a post where chap stated he keeps 400k in a Thai bank account in his name only for three months and then removes it and places it in another  account for "excellent interest" laughable. 

[DrJack54]

3 minutes ago, mdr224 said:

Im not comfortable with any amount of my money in a thai bank. Thai people in control of my money? The idea is absurd

So what option do you suggest for OP to obtain ongoing extensions to live in Thailand 

[mania]

12 hours ago, BillyBobzTeeth said:

I’ve been thinking a lot about the current visa requirement of 400,000 baht in a Thai bank account to qualify for staying with your family.

 

I have always thought it was their way of knowing you at least had access to money when needed.

Since ( as of now) they still do not require health insurance it is not a bad idea for them to require a deposit.

 

The only surprising thing actually is as other have said you only need to have it deposited for a couple of months.

 

I have long since thought that someday health insurance will be required & since many do not qualify due to preexisting, age, etc etc That they may one day require those without insurance to leave that deposit in place year round as a backup should emergency medical be required.

 

Would at least cut down on the " Go Fund Me"  insurance policies

[recom273]

48 minutes ago, Celsius said:

 

As per your case renting is definitely and infinitely the way to go in Thailand.

 

At least you had 400k. Now you have nothing.

 

I wouldn't say I have nothing .. but if it makes you feel like you are better than me, then crack on ..

 

What I do have is more invested in a country than a person who is renting a box in some apartment building. Doesn't make me any better or worse, but should be taken into account. Same as the OP who has kids here, im guessing he's putting them through the education system, that's a big enough commitment.

 

Some kind of extension process based upon commitment might be more applicable I wouldn't say that that shouldn't be connected to financials but not dependant. Anyway, it won't change, too much money to be made on the side from retired folks who don't have the money in the bank and use other means.