Dipped below 800k for money in bank method

[flexomike]

18 hours ago, DrJack54 said:

So it happened...the old story partner "accidentally" withdrew from my "immigration bank account". Down to 798k and just now replaced after one/two days.

 

Extension obtained Nov 5 valid till Nov 8 2025.

So my choices: 

1. Start over. Either border bounce and obtain new non O at CW or fly somewhere such as Saigon and obtain eVisa non O retirement.

2. Use an agent for next extension.

3. See what happens with DTV 

Any suggestions welcome.

 

Main reason of posting, is all the threads I have read of guys similar story I have just thought how ridiculous to allow that to happen.

Yet it does. 

 

 

how can the partner dip into your immigration account when it can only be in your own name.

[Scouse123]

18 hours ago, DrJack54 said:

So it happened...the old story partner "accidentally" withdrew from my "immigration bank account". Down to 798k and just now replaced after one/two days.

 

Extension obtained Nov 5 valid till Nov 8 2025.

So my choices: 

1. Start over. Either border bounce and obtain new non O at CW or fly somewhere such as Saigon and obtain eVisa non O retirement.

2. Use an agent for next extension.

3. See what happens with DTV 

Any suggestions welcome.

 

Main reason of posting, is all the threads I have read of guys similar story I have just thought how ridiculous to allow that to happen.

Yet it does. 

 

 

 

 

I will keep you informed as promised about how I get on early January with DTV application in Cambodia.

[harryviking]

I understood it like you could use of that money up to 400K as long as you filled it up again a certain number of weeks or months before applying for an extension. Wrong??

[DrJack54]

3 minutes ago, harryviking said:

I understood it like you could use of that money up to 400K as long as you filled it up again a certain number of weeks or months before applying for an extension. Wrong??

For retirement extension. 

800k in account 2 months prior to application and maintained for 3 months after application for extension and can be as low as 400k in other months.

Currently I'm in the 3 month after application zone. 

[DrJack54]

58 minutes ago, flexomike said:

how can the partner dip into your immigration account when it can only be in your own name.

Every couple have their own "system". 

Obviously she has my card. Also knows pin. 

She made an error. 

[Scouse123]

14 minutes ago, harryviking said:

I understood it like you could use of that money up to 400K as long as you filled it up again a certain number of weeks or months before applying for an extension. Wrong??

 

As DrJack24 says, they lock it for three months after granting your extension, it is ridiculous really when they are saying they believe 800K is what somebody needs to look after themselves for a year.

 

Then, they are blocking the full 800K for three months, and 400K permanently, as they say it mustn't dip below that at any time.

 

Not same with a DTV visa, weird?... Yes, it is.

 

Also, under the 65k a month method, that equates to 780K a year, with your single man's allowance under the new taxation system at 60K plus 150K, for a single man. You can claim 25K for health insurance.

 

The rest being 545K, subject to differing levels of taxation.

 

 

 

 

[DrJack54]

Off topic reply re 90 day report removed. 

[worrab]

Back in Jan 24 having got my extension granted in Nov 23, I put down a deposit for a new house and by mistake used the wrong account. Had done it on the app and forgot to select the normal account instead of the immigration account. I landed up dipping into the 800k by 50k! I realised the mistake an hour or so later as I had not had an SMS on the normal account to say there had been a transaction. Promptly transferred the 50k straight over to correct the error.

Roll forward to my extension visit this year in Nov at Hua Hin, nothing was mentioned. All okay but the IO had stapled a slip of paper into my passport regarding the ruling for 800k. Made me chuckle! 

[TaoNow]

For some, this example may be another reason to just park the 800K baht in a fixed deposit account, and no ATM card link.

[hotandsticky]

3 minutes ago, TaoNow said:

For some, this example may be another reason to just park the 800K baht in a fixed deposit account, and no ATM card link.

 

Nothing would encourage me to 'park' 800k Baht in a Thai bank aaccount. I would rather pay an agent to get my extension and reap the benefits of £1,000+ from interest or Premium Bond wins.

[wensiensheng]

20 hours ago, DrJack54 said:

So it happened...the old story partner "accidentally" withdrew from my "immigration bank account". Down to 798k and just now replaced after one/two days.

 

Extension obtained Nov 5 valid till Nov 8 2025.

So my choices: 

1. Start over. Either border bounce and obtain new non O at CW or fly somewhere such as Saigon and obtain eVisa non O retirement.

2. Use an agent for next extension.

3. See what happens with DTV 

Any suggestions welcome.

 

Main reason of posting, is all the threads I have read of guys similar story I have just thought how ridiculous to allow that to happen.

Yet it does. 

 

 

If you have a very healthy balance over 800k for an extended period of time, then you might well get away with such a small shortfall for such a short period of time. After all, each extension is at the discretion of the IO. I’d whack the balance up to 1.5 mil for 6 months to show I have enough money and then throw myself on the mercy of the IO. Failing that, 30k to an agent is the convenient way to go

[hotandsticky]

Just now, wensiensheng said:

If you have a very healthy balance over 800k for an extended period of time, then you might well get away with such a small shortfall for such a short period of time. After all, each extension is at the discretion of the IO. I’d whack the balance up to 1.5 mil for 6 months to show I have enough money and then throw myself on the mercy of the IO. Failing that, 30k to an agent is the convenient way to go

 

 

Clearly, you have not experienced the Schadenfreude of an I/O who discovers that you went under for one day.

[DrJack54]

14 minutes ago, hotandsticky said:

Clearly, you have not experienced the Schadenfreude of an I/O who discovers that you went under for one day.

Indeed. 

My error amounts to 1600b below the 800k for 2 days.

I can just picture the io...."you below 800k CANNOT" 

[hotandsticky]

20 minutes ago, DrJack54 said:

Indeed. 

My error amounts to 1600b below the 800k for 2 days.

I can just picture the io...."you below 800k CANNOT" 

 

 

Thank you for admitting your (wife's) error. It could happen to any of us.

 

A friend dipped by 4,000 Baht after an an ATM withdrawal on a Pattaya night out......fortunately he had another account with that made up the difference.  

[LivingNThailand]

46 minutes ago, TaoNow said:

For some, this example may be another reason to just park the 800K baht in a fixed deposit account, and no ATM card link.

Yes, I was going to suggest that.  I have a separate savings account with 800,000+ no ATM card.  I just update the passbook every few months to show that there is NO activity.  No problems for 9 years.

[RichardColeman]

Meh, visit an agent, get a years visa with them and build up your account and do it yourself the following year

[NE1]

39 minutes ago, hotandsticky said:

 

Thank you for admitting your (wife's) error. It could happen to any of us.

Not really , as my 800,000 is as required in my name only and there is no ATM card specifically for this reason .

[hotandsticky]

5 minutes ago, NE1 said:

Not really , as my 800,000 is as required in my name only and there is no ATM card specifically for this reason .

 

 

What a waste of money....

[jippytum]

Wait untll your renewal.   Obtain two bank letters

Only if the IO queries the defecit show him the statement for the second account. 

no need to leave the country or worse stll get married to solve this minor problem.. 

I previously used two accounts from different banks to show 800,000 deposit. 

[NE1]

3 minutes ago, hotandsticky said:

What a waste of money....

But peace of mind avoiding " accidental " withdrawals and all the complications that go with it.

[DrJack54]

51 minutes ago, RichardColeman said:

Meh, visit an agent, get a years visa with them and build up your account and do it yourself the following year

That would not work. 

After using an agent to obtain a 12 month extension to go back to doing it yourself with correct financials you would need to start over.

New non O 

[renaissanc]

19 hours ago, DrJack54 said:

Definitely an option for myself looking into future.

Hip replacement had knocked my mobility on the head and while no problem to drive to CW immigration that joint is huge.

Even the walk to the Massive B2 Building from carpark is bit of issue. 

Agents have a role to play in visa renewals. I'm 68. If I live to, say, 90-100, making the two-hour return journey to Immigration twice might be difficult for me then. I'm dreaming that one day, someone in Immigration will think: "I know! Let's increase the visa period for married and retired foreigners to (5) years instead of each year. All they have to send to us is a bank statement." I like to dream of impossible things.

[renaissanc]

22 hours ago, DrJack54 said:

So it happened...the old story partner "accidentally" withdrew from my "immigration bank account". Down to 798k and just now replaced after one/two days.

 

Extension obtained Nov 5 valid till Nov 8 2025.

So my choices: 

1. Start over. Either border bounce and obtain new non O at CW or fly somewhere such as Saigon and obtain eVisa non O retirement.

2. Use an agent for next extension.

3. See what happens with DTV 

Any suggestions welcome.

 

Main reason of posting, is all the threads I have read of guys similar story I have just thought how ridiculous to allow that to happen.

Yet it does. 

 

 

 

22 hours ago, DrJack54 said:

So it happened...the old story partner "accidentally" withdrew from my "immigration bank account". Down to 798k and just now replaced after one/two days.

 

Extension obtained Nov 5 valid till Nov 8 2025.

So my choices: 

1. Start over. Either border bounce and obtain new non O at CW or fly somewhere such as Saigon and obtain eVisa non O retirement.

2. Use an agent for next extension.

3. See what happens with DTV 

Any suggestions welcome.

 

Main reason of posting, is all the threads I have read of guys similar story I have just thought how ridiculous to allow that to happen.

Yet it does. 

 

 

Referring to another of your posts: I hope that your hip problem improves. I stopped jogging a year ago so as to avoid (hopefully) ever having a hip problem. 

[hotandsticky]

1 hour ago, NE1 said:

But peace of mind avoiding " accidental " withdrawals and all the complications that go with it.

 

 

I applaud you for having that comfort, but I will not sacrifice £1,000+ to achieve the same.

[KannikaP]

4 hours ago, Scouse123 said:

The rest being 545K, subject to differing levels of taxation.

The first 150k of that being at 0%.

[KannikaP]

3 hours ago, hotandsticky said:

 

Nothing would encourage me to 'park' 800k Baht in a Thai bank aaccount. I would rather pay an agent to get my extension and reap the benefits of £1,000+ from interest or Premium Bond wins.

Didn't Premium Bond wins just get lowered? I don't know what the equivalent rate of interest on them is, but not a good investment......unless you win of course, same as the Lottery.

[hotandsticky]

5 minutes ago, KannikaP said:

Didn't Premium Bond wins just get lowered? I don't know what the equivalent rate of interest on them is, but not a good investment......unless you win of course, same as the Lottery.

 

I like the immediate access and i think that I earned a 6% return on my investment - but I don't see PSB's as an investment (I have a better home for that), just somewhere to store my emergency medical fund.

 

As always it is personal preference and I have no issue with anyone who wants to have 800k Baht sitting in a Thai bank account. Bit of a nuisance when it comes to Probate.

[Scouse123]

28 minutes ago, KannikaP said:

The first 150k of that being at 0%.

 

No,

 

I already allowed that.

 

60K personal allowance + 150k (0 -150K Non taxable) + 25k health insurance = 235K

 

780k - 235k= 545k taxable.

 

 

 

 

[KannikaP]

1 minute ago, Scouse123 said:

 

No,

 

I already allowed that.

 

60K + 150k (0 -150K Non taxable) + 25k = 235K

 

780k - 235k= 545k taxable.

Ah, it is us Pensioners/Retirees who get an extra 190k allowance.

[flexomike]

4 hours ago, DrJack54 said:

Every couple have their own "system". 

Obviously she has my card. Also knows pin. 

She made an error. 

Why don't you just make her own account and then this would not have happened