Extension OA Retirement based on income

[lykes2fly]

Hi all. Previous years I've extended OA Retirement based on 800K bank balance method. Today I extended based on Income and I do have required 800K as well. Should have asked the IO but didn't so I'm a little unclear if I need to maintain any balances in my bank account, ie 3 months after or 2 months before next extension. I hope to extend based on Income from now on. Done at Immigration Div 1 Chaeng Wattana. Made an appointment on line and was walking out after only 1 hour. Not a terrible experience. Thank you everyone. 

[DrJack54]

43 minutes ago, lykes2fly said:

Should have asked the IO but didn't so I'm a little unclear if I need to maintain any balances in my bank account, ie 3 months after or 2 months before next extension.

Changing from money in bank method to income you will need to maintain the 800k in bank for 3 months after current extension and simultaneously commence the monthly transfers of 65k.

This is to show 12 monthly transfers at time of next extension.

 

BTW: did you not consider option to kill off the non O-A and change to non O..

[lykes2fly]

So I still need to maintain 800K even though my extension is based on Income ?  Same as before, 3 months after 2 months before ?

I've considered switching to non O but will maintain current insurance coverage so I see no advantage.  

[DrJack54]

44 minutes ago, lykes2fly said:

So I still need to maintain 800K even though my extension is based on Income ?

Financial requirements are retrospective. When you apply for next extension immigration will look back on previous 12 months.

I assume you do not have "income letter" from your embassy.

Edit: just checked your posts.

USA. So yes you need to do what I outlined in my first post. 

 

44 minutes ago, lykes2fly said:

I've considered switching to non O but will maintain current insurance coverage so I see no advantage.  

That seems to fly opposite to almost every other person living ongoing in Thailand extensions from a non O-A. 

Some guys continue with the non O-A and obtain the extension based on marriage as insurance is not required. 

Not married to Thai then extensions require insurance.