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