Jump to content

Retirement Extension Using 800k Money Seasoning Rule


Recommended Posts

OK, so the current rule for people using the 800K in the bank to get retirement extensions is:

-- first time, money must be seasoned for TWO months

-- subsequent times, money must be seasoned for THREE months

That is clear.

Now for the geeky question.

I have always assumed that the time periods, for example, three months, refer to the time before the visa extension APPLICATION, not the actual extension expiration date.

For example:

Extension expires 15 August

You make the application 15 July

Your money for a subsequent extension must be banked three months before 15 July, not 15 August

Is this really true? Could the rule be interpreted three months before the extension expiration date rather than the application date? In that case in the example given you would only need to bank the money TWO MONTHS before the APPLICATION date, not three. Is the English language and/or Thai language of this rule clear about this point, or not?

Edited by Jingthing
Link to comment
Share on other sites

I wouldn't try to do an extension one moth before the expiry day, with the money only seasoned 2 months. My guess is that they simply won't give you the extension until the money is there for 3 months.

But this is Thailand, diferent offices etc etc etc.

Link to comment
Share on other sites

I wouldn't try to do an extension one moth before the expiry day, with the money only seasoned 2 months. My guess is that they simply won't give you the extension until the money is there for 3 months.

But this is Thailand, diferent offices etc etc etc.

Yes, I understand the bottom line is determined by your specific officer.

However, that was NOT my question.

My question was about the language of the specific written rule. Is it spelled out clearly OR NOT about EXACTLY what they they mean? Three months before the date of extension expiration or three months before date of application? If it is not clearly indicated, it could be interpreted either way both by applicants and officers.

Edited by Jingthing
Link to comment
Share on other sites

Here is what the rule says. It seems pretty clear to me.

(4) Account deposit with a bank in Thailand of not less than

800,000 Baht as shown in the bank account for the past 3 months

at the filing date of the application. For the first year, the applicant

should have that amount in his bank account for not less than 60

days or

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...