800K Into bank account

[flyinghigh]

HI , for several years, Have been useing a Pattaya visa agent ,to put money in my BKK. Bank account.early this year there were some problems ,but the visa company got around this.

My circumstances have changed ,I can now put the 800k into aThai bank account. I have Siam Commercial,and BKK.Bank .Will i have problems next Febuary renewing my Extension, if i use the 800k method now?

regards

[DrJack54]

7 minutes ago, flyinghigh said:

Commercial,and BKK.Bank .Will i have problems next Febuary renewing my Extension, if i use the 800k method now?

What do you mean "if I use the 800k method now" 

Financial compliance is checked retrospectively. 

In February they will check financials back till start of current extension. 

Actually even 2 months prior to current extension. 

You could exit Thailand and start over with new Non O retirement

[flyinghigh]

10 minutes ago, DrJack54 said:

What do you mean "if I use the 800k method now" 

Financial compliance is checked retrospectively. 

In February they will check financials back till start of current extension. 

Actually even 2 months prior to current extension. 

You could exit Thailand and start over with new Non O retirement

so I cannot put 800k into my Thai bank next week,and apply next febuary for another extension?

[DrJack54]

6 minutes ago, flyinghigh said:

so I cannot put 800k into my Thai bank next week,and apply next febuary for another extension?

No. 

 

[Jingthing]

3 minutes ago, DrJack54 said:

No. 

 

Agreed. Unfortunately.

A good case study is how starting to use agents builds a kind of dependency. They may be the "easy" way out but there could be a price later.

[DrJack54]

14 hours ago, Jingthing said:

Agreed. Unfortunately.

A good case study is how starting to use agents builds a kind of dependency. They may be the "easy" way out but there could be a price later.

I obtained my current extension last Nov (retirement money in bank) 

Anyway the gf accidentally dipped my balance by 2k below 800k . 

I said.. Do you realize I now have to exit Thailand and start over. 

 

Fortunately I overlooked that I had a dormant bank account with a lazy 10k that will get me out of jail. 

Financial compliance is very strict with immigration. 

The 2k dip was for 2 days. 

No way would immigration overlook that. Rubbish imo. 

[SamSpade]

39 minutes ago, flyinghigh said:

HI , for several years, Have been useing a Pattaya visa agent ,to put money in my BKK. Bank account.early this year there were some problems ,but the visa company got around this.

My circumstances have changed ,I can now put the 800k into aThai bank account. I have Siam Commercial,and BKK.Bank .Will i have problems next Febuary renewing my Extension, if i use the 800k method now?

regards

My advice would be to put the 800K into either of your Bank accounts & next extension see Maneerat (8k) and you will only need a 3 month statement (NB, assumes you keep your Bank Book up to date & not have problems with consolidated entries I found it best to stick the 800k into a separate fixed deposit account, as you also get more interest that way). 
 

Next year you can do it on your own if that works better for you (I find it better to pay the 8K, up to me). 
 

 

[OJAS]

1 hour ago, flyinghigh said:

Have been useing a Pattaya visa agent ,to put money in my BKK. Bank account.

 

Presumably Jomtien is the office which your agent has been using? But which is the actual office for where you live?

 

[LespaulAN]

I am curious to the reply that indicate TS that he can't use his 800K to do extension next feb. I just get my extension thru agent help last week.prior to this, due the problem with BBL, I open an account with K bank and put in 800k. the follow days I am able to get the extension without the seasoning month. The agent said I do not need to keep the 800k in the bank for the next 3 month and for next year extension I just need the 800k 2 prior to extension. I am confused. Please advise. I don't mind keeping fund for the whole year but since the bank do not give interest, I might as well use the money for expenses. 

[TimBKK]

10 minutes ago, LespaulAN said:

I am curious to the reply that indicate TS that he can't use his 800K to do extension next feb. I just get my extension thru agent help last week.prior to this, due the problem with BBL, I open an account with K bank and put in 800k. the follow days I am able to get the extension without the seasoning month. The agent said I do not need to keep the 800k in the bank for the next 3 month and for next year extension I just need the 800k 2 prior to extension. I am confused. Please advise. I don't mind keeping fund for the whole year but since the bank do not give interest, I might as well use the money for expenses. 

Mind if I ask which agent you used, and how much they charged?

[Tod Daniels]

9 hours ago, LespaulAN said:

I am curious to the reply that indicate TS that he can't use his 800K to do extension next feb. I just get my extension thru agent help last week.prior to this, due the problem with BBL, I open an account with K bank and put in 800k. the follow days I am able to get the extension without the seasoning month. The agent said I do not need to keep the 800k in the bank for the next 3 month and for next year extension I just need the 800k 2 prior to extension. I am confused. Please advise. I don't mind keeping fund for the whole year but since the bank do not give interest, I might as well use the money for expenses. 

IF you didn't follow the seasoning requirement for the current extension you're on now (800K baht in the bank for 3 months AFTER the extension is granted, then not letting the balance go below 400K baht the rest of the year until you get it back to 800K baht 2 months before your next extension you will NOT be able to get an extension on your own (without an agent holding your hand or greasing the wheels) because you have to provide a year detail transaction history print out and the immigration office will see that you didn't keep follow the seasoning rules 

 

[Tod Daniels]

11 hours ago, flyinghigh said:

Will i have problems next Febuary renewing my Extension, if i use the 800k method now?

You will indeed have problems because you have show you met the seasoning requirements for the banked money method of the extension you're on now <- the one where the agent banked the money for you (for a short time) 
AND 
Those seasoning requirements are 800K baht in the bank for 3 months AFTER your extension was issued and then the balance can't go below 400K baht the rest of the year until you get it back to 800k a minimum of 2 months before your next extension

Because immigration offices require you to get a year detail transaction report from the bank they will see you didn't follow the seasoning rules for the current extension you're on now.  

That is why most people who try to get off the agent band wagon, either bounce out/back and start the whole Non-O visa/extension process over using their money OR bank 800K baht the day you have the agent extension issued and leave it parked in the account for a year so you can then do the following year's extension on your own using your funds 

 

[jaywalker2]

10 hours ago, Jingthing said:

Agreed. Unfortunately.

A good case study is how starting to use agents builds a kind of dependency. They may be the "easy" way out but there could be a price later.

You can however put the 800,000 in now and use it for the 2027 extension. For next year you will have to use an agent again but that 800,000 will still be helpful as you will not need to use agent funds.

[flyinghigh]

16 hours ago, OJAS said:

 

Presumably Jomtien is the office which your agent has been using? But which is the actual office for where you live?

 

jomtien