Retirement extension

[Badrabbit]

Just a quick question,

I'm just above the 65k per month requirement,  the exchange rate is worsening, I am now right on the limit, will Immigration refuse my extension If I fall below 65k per month because of the exchange rate or would thay take this into consideration?

[DrJack54]

The requirement is 65k (minimum) per month.

Immigration will not be flexible on this. 

Transfer added amounts from other funds in home country to keep above the 65k 

[Tod Daniels]

Sadly (for you) the exchange rate doesn't factor into it, the rule is 65k baht a month, each month, every month for the previous 12 months before you get your next extension.

IF you're using monthly income method you need to make sure every one of those transfers is at LEAST 65k baht 

[scubascuba3]

If it does fall below and Immigration kick off could always use an agent, Pattaya 12,500 baht

[jaideedave]

I'll be switchhing to the 65k/mon next week to get away from the agency. I have about 70k depending on rates. My plan is to keep several hundred $ in my foreign bank in case I need to top up my monthly transfer when/if x-rates drop.

Next challenge is to get the correct bank statement and letter from Kbank. I went to Jomtien Imm office and they gave me a Kbank template so fingers crossed. All my last 12 months have been right around 70k. So thats my new job in monitoring the exact amount to transfer with Wise.They're easy to use so I think I'm okay!   

[DrJack54]

29 minutes ago, jaideedave said:

I'll be switchhing to the 65k/mon next week to get away from the agency.

Will be interesting to see how that unfolds.

Reads that you previously used an agent. Guessing they avoided the financial requirements.

You're planning to obtain extension based on providing 12 months of transfers.

Assuming you are changing from money in bank method (using agent) to income method......good luck with that. 

 

Regarding transfers using WISE ..

If you do that manually then you see the Baht amount of transfer prior to hitting transfer button

[Dan O]

34 minutes ago, jaideedave said:

I'll be switchhing to the 65k/mon next week to get away from the agency. I have about 70k depending on rates. My plan is to keep several hundred $ in my foreign bank in case I need to top up my monthly transfer when/if x-rates drop.

Next challenge is to get the correct bank statement and letter from Kbank. I went to Jomtien Imm office and they gave me a Kbank template so fingers crossed. All my last 12 months have been right around 70k. So thats my new job in monitoring the exact amount to transfer with Wise.They're easy to use so I think I'm okay!   

Since you used an agent they probably supplied the money and documents for the last renewal or extension. You have to still meet the requirement with money in the bank for the 2 months prior to renewal when you make your change over as far as I know so you may hit a snag at renewal  

[scubascuba3]

11 hours ago, DrJack54 said:

Will be interesting to see how that unfolds.

Reads that you previously used an agent. Guessing they avoided the financial requirements.

You're planning to obtain extension based on providing 12 months of transfers.

Assuming you are changing from money in bank method (using agent) to income method......good luck with that. 

Trickier to do with the 12 months of income, might need additional seasoning, i did it with the 800k so is possible to switch from agent method

[Tod Daniels]

Remember the hardest part about changing from banked money proof of funds to monthly income by international transfer proof of funds is:
 

You need to continue to meet the seasoning requirement for the current extension you're on NOW <- meaning you needed to have kept the 800K baht in a thai bank account in your name only for 3 months after your extension was granted and then you can't let the balance go below 400K the rest of the year until you apply for the new extension using monthly income by transfer <- meaning you also need to transfer in from abroad a minimum of 65K baht, each month every month for the previous 12 months before you apply for the extension based on monthly income.

The people who used an agent that banked the money for you cannot show they kept the 800K baht in the account for 3 months after the extension they're on now was granted and that will be readily apparent when you submit the year detail transaction report to the immigration office because it shows every transaction on that account (and the balance) for the whole year..

That is what runs most people who have agent gotten visas and want to do their own extensions..

It's a slippery slope getting agent banked money extensions and then trying to switch to one you do yourself.

[DrJack54]

1 hour ago, scubascuba3 said:

Trickier to do with the 12 months of income, might need additional seasoning, i did it with the 800k so is possible to switch from agent method

I'm currently in process of changing from money in bank method to income method.

I'm running both sets of requirements in tandem.

I'm doing the monthly transfers+ 800k in bank.

 

If someone using an agent wants to DIY then I suggest "start over" 

[scubascuba3]

17 minutes ago, DrJack54 said:

I'm currently in process of changing from money in bank method to income method.

I'm running both sets of requirements in tandem.

I'm doing the monthly transfers+ 800k in bank.

When i switched from agent to own money i had 800k in the bank since the last extension which was 13 months

[jaideedave]

13 hours ago, DrJack54 said:

Will be interesting to see how that unfolds.

Reads that you previously used an agent. Guessing they avoided the financial requirements.

You're planning to obtain extension based on providing 12 months of transfers.

Assuming you are changing from money in bank method (using agent) to income method......good luck with that. 

 

Regarding transfers using WISE ..

If you do that manually then you see the Baht amount of transfer prior to hitting transfer button

I'm going to try this on Tuesday. Kbank on Monday for the letter etc. Will let you know how it goes. A lot of viewers are saying it won't work. Perhaps as one suggested I need to do a border run and start over? 

[DrJack54]

8 minutes ago, jaideedave said:

I'm going to try this on Tuesday. Kbank on Monday for the letter etc. Will let you know how it goes. A lot of viewers are saying it won't work. Perhaps as one suggested I need to do a border run and start over? 

Please post back report. Hope goes well. 

Yes I posted in various threads to start over. 

I'm guessing that it will be down to the immigration officer.

You mention bank letter day prior.

Good idea.

Assume that you are providing 12 month bank statement..

Good luck Tues 

 

If rejected don't panic you can exit Thailand and at some point obtain a Non O retirement.

You can do that by obtaining an eVisa at consulate/embassy outside of Thailand or use visa exempt entry to obtain the Non O retirement 

[jaideedave]

1 hour ago, DrJack54 said:

Please post back report. Hope goes well. 

Yes I posted in various threads to start over. 

I'm guessing that it will be down to the immigration officer.

You mention bank letter day prior.

Good idea.

Assume that you are providing 12 month bank statement..

Good luck Tues 

 

If rejected don't panic you can exit Thailand and at some point obtain a Non O retirement.

You can do that by obtaining an eVisa at consulate/embassy outside of Thailand or use visa exempt entry to obtain the Non O retirement 

Yes, I'm going to Kbank on Monday for the 12 month statement (An Imm officer provided a printed format for Kbank) and letter.

How about a border hop mini van Visa run ?

Get a Visa on arrival? 

Would that work?

FYI: My 1 yr extension expires on March 14th so I don't have a lot of time.

 

[phetphet]

14 hours ago, DrJack54 said:

Will be interesting to see how that unfolds.

Reads that you previously used an agent. Guessing they avoided the financial requirements.

You're planning to obtain extension based on providing 12 months of transfers.

Assuming you are changing from money in bank method (using agent) to income method......good luck with that. 

 

Regarding transfers using WISE ..

If you do that manually then you see the Baht amount of transfer prior to hitting transfer button

Also with Wise, there is the option to send the exact amount you want in foreign currency (THB).

 

That's what I normally do. Therefore, if the OP does use Wise, he can choose to send THB65,000 regardless of the exchange rate, and Wise will deduct accordingly.

[DrJack54]

1 minute ago, jaideedave said:

I'm going to Kbank on Monday for the 12 month statement (An Imm officer provided a printed format for Kbank) and letter.

Regarding the bank statement (not letter) the transactions need to be shown coming from abroad.

You need discuss this with Kasikorn.

There was a post recently someone stating that if you ask for the 12 month statement in Thai language it will be coded correctly. (personally doubt that) 

5 minutes ago, jaideedave said:

How about a border hop mini van Visa run ?

Get a Visa on arrival? 

Would that work?

Yes bounce and obtain visa exempt entry stamp (not visa on arrival) 

Use an agent minivan company.

Your location? 

7 minutes ago, jaideedave said:

FYI: My 1 yr extension expires on March 14th so I don't have a lot of time.

You could receive extension. 

You could be sent away.

You could be given 7 day notice to get out of dodge. 

[jaideedave]

13 minutes ago, DrJack54 said:

Regarding the bank statement (not letter) the transactions need to be shown coming from abroad.

You need discuss this with Kasikorn.

There was a post recently someone stating that if you ask for the 12 month statement in Thai language it will be coded correctly. (personally doubt that) 

Yes bounce and obtain visa exempt entry stamp (not visa on arrival) 

Use an agent minivan company.

Your location? 

You could receive extension. 

You could be sent away.

You could be given 7 day notice to get out of dodge. 

I'm in Pattaya.

Yes, the Kbank statement will/should show monthly deposits from abroad. I also have the Wise transactions printed out. Apparently the letter should say its my account only and confirm the deposits from abroad. 

My passbook shows TFD (trade finance deposit) deposits which I had confirmed indicates "deposit from obroad" > Kbank...other banks are probably different.

[DrJack54]

41 minutes ago, jaideedave said:

I'm in Pattaya.

Good. If for some reason the extension is not granted, you would be aware of good border run companies doing border bounce from Pattaya to Cambodia. 

Worry about that after Tuesday.

 

Recent favourable report with mob.

 

https://www.tvsservicesthailand.com/Visa-Run-to-Cambodia-Laos

 

Here is thread discussing border run from Pattaya.

https://aseannow.com/topic/1331485-border-run-from-pattaya-in-a-6-seater-vip-van/

[Upnotover]

1 hour ago, DrJack54 said:

Regarding the bank statement (not letter) the transactions need to be shown coming from abroad.

You need discuss this with Kasikorn.

There was a post recently someone stating that if you ask for the 12 month statement in Thai language it will be coded correctly. (personally doubt that) 

I can confirm that a Kasikorn statement, in Thai, will show Wise deposits as foreign transactions.  And it matters not how much or for what stated purpose the transaction is for.

[DrJack54]

36 minutes ago, Upnotover said:

I can confirm that a Kasikorn statement, in Thai, will show Wise deposits as foreign transactions.  And it matters not how much or for what stated purpose the transaction is for.

Thanks. That is very good news.

I was hoping to avoid "credit advice" etc.

I use WISE and Kasikorn. 

[WDSmart]

Of course I don't know for sure, but I'm confident they will NOT take a drop in the exchange rate into consideration. THB 67K has to be THB 67 K on the day it is received.

[Badrabbit]

1 minute ago, WDSmart said:

Of course I don't know for sure, but I'm confident they will NOT take a drop in the exchange rate into consideration. THB 67K has to be THB 67 K on the day it is received.

65k

[WDSmart]

4 minutes ago, Badrabbit said:

5 minutes ago, WDSmart said:

Of course I don't know for sure, but I'm confident they will NOT take a drop in the exchange rate into consideration. THB 67K has to be THB 67 K on the day it is received.

65k

OMG! Has it changed already? 😄

[Badrabbit]

5 minutes ago, WDSmart said:

OMG! Has it changed already? 😄

65k ever since I have been here which is 17 years, you made a mistake easily done.

[WDSmart]

2 minutes ago, Badrabbit said:

65k ever since I have been here which is 17 years, you made a mistake easily done.

Actually, I just found out last year that I could qualify for a one-year retirement extension based on monthly deposits of THB 65K. Before that, I thought it had to be retirement income. And that used to have to be verified by your consulate, but the US consulate quit doing that 15 years ago or more. So, after that, I've always relied on the THB 800K in the bank, that is, until last year when an Immigration official at my Immigration office told me I could just show proof of THB 65K each month.  My US retirement (Social Security) is much more than that, and I always transfer that from my US bank to my Thai bank every month. So now, I'm all set. 🙂

[sandyf]

23 hours ago, Badrabbit said:

Just a quick question,

I'm just above the 65k per month requirement,  the exchange rate is worsening, I am now right on the limit, will Immigration refuse my extension If I fall below 65k per month because of the exchange rate or would thay take this into consideration?

Before they stopped the embassy letter I was on retirement extension and always a bit below  the the 65K, just topped it up wih some money in the bank. 

[sandyf]

5 hours ago, Upnotover said:

I can confirm that a Kasikorn statement, in Thai, will show Wise deposits as foreign transactions.  And it matters not how much or for what stated purpose the transaction is for.

It all depends on the office, some will  want more than just the statement.

I have seen the IO go through my remittance advices and tick them off againt the statement.

Never actually been asked the source of the funds.

[black tabby12345]

On 2/28/2025 at 4:07 PM, Badrabbit said:

Just a quick question,

I'm just above the 65k per month requirement,  the exchange rate is worsening, I am now right on the limit, will Immigration refuse my extension If I fall below 65k per month because of the exchange rate or would thay take this into consideration?

 

If you are worrying about it, you have one option.

Combine your bank balance with your annual retirement income.

If the total can reach 800K, it will be OK.

 

[DrJack54]

5 hours ago, black tabby12345 said:

Combine your bank balance with your annual retirement income.

You are referring to combination method.

Not every immigration office will accept that.

More simple is to ensure the monthly transfers are 65k + 

He can use savings in home country if necessary. 

[black tabby12345]

7 hours ago, DrJack54 said:

combination method.

Not every immigration office will accept that.

 

Really?

I though rule for that retirement o(OA) is universally the same in this kingdom(while some extra documents needed depending on where you lodge your papers).