800k Not In the Bank Method

[Forever Young]

So i have knowingly taken funds out and am below the 800K for my Extension based on Retirement

 

For the rets of my 12 month extension I will no longer have to deal with an immigration office due to only being in Thailand for 89 days max at a time

 

My question is am I able to make things OK for the following 1 Year Extension Renewal by getting funds up \ over 800K 3 months before my current Extension expires in 2026 ?

[novacova]

Sure, as long as you haven’t gone under 400k during the year, and hadn’t gone under 800k within two months after the extension.

[Upnotover]

No.  If you don't maintain the 800k/400k/800k requirement for the current extension you will not be able to renew it.  You need 800 for 3 months, 400 for 7 and 800 again for the 2 months before the renewal.  If not you will have to start over.

[Upnotover]

2 minutes ago, novacova said:

Sure, as long as you haven’t gone under 400k during the year, and hadn’t gone under 800k within two months after the extension.

3 months after.  2 months before.

[DrJack54]

6 minutes ago, Forever Young said:

So i have knowingly taken funds out and am below the 800K for my Extension based on Retirement

The requirements are clear. 

800k in bank 2 months prior and three months post application. 

Not below 400k in other months. 

 

Immigration very inflexible on this. 

You are either in compliance or not. 

[DrJack54]

11 minutes ago, Forever Young said:

For the rets of my 12 month extension I will no longer have to deal with an immigration office due to only being in Thailand for 89 days max at a time

90 day reporting does not require proof of financials. 

Which immigration office. 

How long after obtaining extension did you drop below 800k.

When does current extension expire. 

[scubascuba3]

If you have failed the financials per the above posts you could use an agent this time and top up 800k before 2 months before extension date and should be ok for following year

[Forever Young]

appreciate all the replies....

my plan pretty much was to either use an agent next time or lese start all over again with 90 day extension.

[DezLez]

3 minutes ago, Forever Young said:

appreciate all the replies....

my plan pretty much was to either use an agent next time or lese start all over again with 90 day extension.

If you have the money I suggest you stay legal.

By all means use an agent to hand hold/cut out the time wasting.

[DrJack54]

6 minutes ago, Forever Young said:

appreciate all the replies....

my plan pretty much was to either use an agent next time or lese start all over again with 90 day extension.

You were asked simple question re when did you go below the 800k 

My guess is in the 3 month period after extension granted? 

 

When you start over there is no 90 day extension. 

You would exit Thailand and either obtain new Non O in nearby country or simply border bounce and obtain new Non O in Thailand from visa exempt entry. 

ie " Start over" 

Or you could use an agent but note that would be ongoing

[bkk6060]

Just a note regarding using an agent.

I have been doing so for several years with probably the most popular agency in the country.  Always fast and efficient. 

But apparently with the recent bank issues identified by the government, things have changed.

The paperwork at the office and answering questions is much greater now. Questions regarding address, landlord, bank account, phone, the bank app.  I must have signed my name 15 times on several pieces of paper.  After about 30 minutes they collected my passport and bank book and told me 2 to 3 weeks...

Well, it has been 2 weeks with nothing.

Also,  I was told at some point during the process I might have to return to the office to "straighten out a problem". Whatever that means.

 

Anyway, if I ever get my passport back I think next year I will just start over on my own.  I know I will have to leave in order to do this.  The agent rout just seems like an overpriced hassle now.

[DrJack54]

5 minutes ago, bkk6060 said:

Anyway, if I ever get my passport back I think next year I will just start over on my own.  I know I will have to leave in order to do this. 

May sound like overkill, however I would also well in advance consider opening a new bank account. 

Fresh slate so to speak. 

Be aware that start over at jomtien from visa exempt entry may have issues. 

[scubascuba3]

11 minutes ago, bkk6060 said:

Just a note regarding using an agent.

I have been doing so for several years with probably the most popular agency in the country.  Always fast and efficient. 

But apparently with the recent bank issues identified by the government, things have changed.

The paperwork at the office and answering questions is much greater now. Questions regarding address, landlord, bank account, phone, the bank app.  I must have signed my name 15 times on several pieces of paper.  After about 30 minutes they collected my passport and bank book and told me 2 to 3 weeks...

Well, it has been 2 weeks with nothing.

Also,  I was told at some point during the process I might have to return to the office to "straighten out a problem". Whatever that means.

 

Anyway, if I ever get my passport back I think next year I will just start over on my own.  I know I will have to leave in order to do this.  The agent rout just seems like an overpriced hassle now.

You don't have to leave, it's a myth

[cjinchiangrai]

1 hour ago, scubascuba3 said:

If you have failed the financials per the above posts you could use an agent this time and top up 800k before 2 months before extension date and should be ok for following year

Nope, the only way to dump the agent is to start over outside.

[gk10012001]

2 hours ago, Forever Young said:

So i have knowingly taken funds out and am below the 800K for my Extension based on Retirement

 

For the rets of my 12 month extension I will no longer have to deal with an immigration office due to only being in Thailand for 89 days max at a time

 

My question is am I able to make things OK for the following 1 Year Extension Renewal by getting funds up \ over 800K 3 months before my current Extension expires in 2026 ?

So are you leaving thailand every 89 days so as to not be in country for 90 days and therefore each stay you avoid having to file the 90 day report?  

[DrJack54]

25 minutes ago, gk10012001 said:

So are you leaving thailand every 89 days so as to not be in country for 90 days and therefore each stay you avoid having to file the 90 day report?  

My guess is that he thinks financials are checked at in person reporting..

They are not.

Very strange thread. 

[gk10012001]

55 minutes ago, DrJack54 said:

My guess is that he thinks financials are checked at in person reporting..

They are not.

Very strange thread. 

yes he seemed to be focused on the financials.  My question was more about not having to do 90 day reports by leaving the country every 89 days or less.  Seems like that could work, although at some point if one is there for many many months total and immigration never saw any 90 day reports I would think some action would happen

[Magictoad]

Use an agent!

[proton]

2 hours ago, Magictoad said:

Use an agent!

 Why not just fill out TM87 for a non immigrant O visa for 1900 baht and start over?, agents are not needed.

[Packer]

10 minutes ago, proton said:

agents are not needed.

 

Agents are cheap. 800k is not needed. 🙂 

[proton]

13 minutes ago, Packer said:

 

Agents are cheap. 800k is not needed. 🙂 

 

Agents pass on expensive bribes, not needed

[Celsius]

27 minutes ago, Packer said:

 

Agents are cheap. 800k is not needed. 🙂 

 

How much are you paying?

[DrJack54]

5 hours ago, gk10012001 said:

Seems like that could work, although at some point if one is there for many many months total and immigration never saw any 90 day reports I would think some action would happen

My first 7 years + in Thailand I was never here for more than 90 days. 

Wasn't till covid that I did first ever 90 report. 

It's not an issue and more common than some would think. 

[it is what it is]

10 hours ago, DrJack54 said:

The requirements are clear. 

800k in bank 2 months prior and three months post application. 

Not below 400k in other months. 

 

Immigration very inflexible on this. 

You are either in compliance or not. 

 

which is exactly as it should be.

[scubascuba3]

8 hours ago, cjinchiangrai said:

Nope, the only way to dump the agent is to start over outside.

Incorrect ❌  I didn't.

 

As long as you have the correct financials for the previous 13ish months there's no reason for them to decline

[DrJack54]

3 minutes ago, scubascuba3 said:

Incorrect ❌  I didn't 

Perhaps you could explain how you obtained your extension DIY using money in bank method after having used an agent to cover financial requirements. 

[DrJack54]

Off topic post removed. Thread is not about legality of agents. 

[scubascuba3]

29 minutes ago, DrJack54 said:

Perhaps you could explain how you obtained your extension DIY using money in bank method after having used an agent to cover financial requirements. 

I've already posted previously about this and i recall someone else did.

 

All you need to do get the financials correct for a transitional period, so for around 13 months prior to extension renewal financials are as per the rules. Immigration are not going to complain you used an agent the year before, why would they? they are happy people using agents

[flexomike]

3 hours ago, scubascuba3 said:

I've already posted previously about this and i recall someone else did.

 

All you need to do get the financials correct for a transitional period, so for around 13 months prior to extension renewal financials are as per the rules. Immigration are not going to complain you used an agent the year before, why would they? they are happy people using agents

If he would have had his financials correct he would never have started this post.

[Packer]

7 hours ago, Celsius said:

 

How much are you paying?

 

Nothing at the moment as I haven't set up a retirement visa and extension yet. When I do I will likely pay 14,000 a year with no need to show the 800,000 funds, which will instead be invested in assets that return far more than the 14,000.

 

I started a discussion about it here.

 

https://aseannow.com/topic/1354895-alternate-investments-of-800k-retirement-funds/

 

Using the 800,000 to return substantially more than annual agent fees, along with the extension process being taken care of for you is an absolute no brainer. 🙂