Where To Draw Your Money From?

[daveb1]

Hi everyone my partner and i are planing a move to thailand at the end of the year from the UK We are aged 47 and 36 we have purchased a house in

banglamung and each have 1 year multiple entry o visas.

1.should we place a set sum of money in a thai bank account

2. if yes how much, and do we both need seperate bank accounts with this amount in or:

3. is it best to draw moneyfrom our UK bank accounts and keep atm slips.

Any advice would be a great help.

Also can anyone supply a list of things to take with us on our 90 day trips out of thailand so we can supply everything needed paperwork wise to gain re entry without any hassle.

cheers

DAVE

[thaiflyer1]

Other than your passports you dont need to take anything with you if you have Non Imm Multi O's simply exit and re-enter every 90 days. Regards finances i would leave the bulk of you cash in the UK because you/ll get zilch in the way of interest here off the banks. Use a debit card (Nationwide seems a popular choice) to withdraw funds as required........it would be a good idea to have a small amount of money here for any problems that may occur 500k baht seems a good figure.

[lopburi3]

123 are really up to you. In no case do you have a legal cause for remaining in Thailand it seems. If you could each get 3 million baht together for investment here perhaps you could obtain legal extension of stay status and be in a much better long term position. You should check out requirements with immigration in Bangkok. The type of visa you have now is not designed for long stay in Thailand type use and immigration could refuse you entry anytime. Your idea of keeping atm receipts might help convince them you have funds from outside Thailand so that should of course be one thing to do. You also should always have funds with you when crossing border.

[daveb1]

123 are really up to you.  In no case do you have a legal cause for remaining in Thailand it seems.  If you could each get 3 million baht together for investment here perhaps you could obtain legal extension of stay status and be in a much better long term position.  You should check out requirements with immigration in Bangkok.  The type of visa you have now is not designed for long stay in Thailand type use and immigration could refuse you entry anytime.  Your idea of keeping atm receipts might help convince them you have funds from outside Thailand so that should of course be one thing to do.  You also should always have funds with you when crossing border.

<{POST_SNAPBACK}>

Thanks we have invested 5.5 million baht on a house does that help?

[daveb1]

123 are really up to you.  In no case do you have a legal cause for remaining in Thailand it seems.  If you could each get 3 million baht together for investment here perhaps you could obtain legal extension of stay status and be in a much better long term position.  You should check out requirements with immigration in Bangkok.  The type of visa you have now is not designed for long stay in Thailand type use and immigration could refuse you entry anytime.  Your idea of keeping atm receipts might help convince them you have funds from outside Thailand so that should of course be one thing to do.  You also should always have funds with you when crossing border.

<{POST_SNAPBACK}>

Thanks we have invested 5.5 million baht on a house does that help?

<{POST_SNAPBACK}>

also bit confused by confliting advice

[sua yai]

Listen to the above advice. Assuming you are not married to a Thai, you have no legal footing here other than your first year.

You're not old enough to retire, you're not married to a Thai etc etc. You might fall into the grey area when everything is at the discretion of the official.

Alternatively, if you are buying/ have bought property, it might be worth thinking about setting up a Thai company and existing on a "B" visa until you satisfy the criteria here.

Others, I'm sure, will be able to give you more specific advice.

[Totster]

Use  a  debit  card  (Nationwide  seems  a  popular  choice)  to  withdraw  funds  as  required........it  would  be  a  good  idea  to  have  a  small  amount  of  money  here  for  any  problems  that  may  occur  500k baht  seems  a  good  figure.

<{POST_SNAPBACK}>

I agree with the above, Nationwide is the best choice because they do not charge any fees for withdrawing money from international ATM's... also doesn't have to be a debit card, the normal flex account cash card is sufficiant.

totster

[thaiflyer1]

123 are really up to you.  In no case do you have a legal cause for remaining in Thailand it seems.  If you could each get 3 million baht together for investment here perhaps you could obtain legal extension of stay status and be in a much better long term position.  You should check out requirements with immigration in Bangkok.  The type of visa you have now is not designed for long stay in Thailand type use and immigration could refuse you entry anytime.  Your idea of keeping atm receipts might help convince them you have funds from outside Thailand so that should of course be one thing to do.  You also should always have funds with you when crossing border.

Thanks we have invested 5.5 million baht on a house does that help?

also bit confused by confliting advice

Not really conflicting advice Lopburi is correct in what he says that the visa you are holding is not designed for living in Thailand but rather for the reason it was granted to you (where was it issued Hull?) ......however there are many people living in Thailand "doing" what you intend to do, with the same visa you have.What Lopburi was pointing out is that although you have been granted a Non Imm O now it is no guarantee that you will be in the future.......and therefore may not be the best foundation on which to plan the rest of your days here . Lopburi is also correct in advising you to carry funds with you when crossing the border back into Thailand , whether you will be asked to show these funds is another matter..........ive never been asked before but there is always a first time.

[corkscrew]

Other  than  your  passports  you  dont  need  to  take  anything  with  you  if  you  have  Non  Imm  Multi  O's  simply  exit  and  re-enter  every  90  days. Regards  finances  i  would  leave  the  bulk  of  you  cash  in  the  UK  because  you/ll  get  zilch  in  the  way  of  interest  here  off  the  banks. Use  a  debit  card  (Nationwide  seems  a  popular  choice)  to  withdraw  funds  as  required........it  would  be  a  good  idea  to  have  a  small  amount  of  money  here  for  any  problems  that  may  occur  500k baht  seems  a  good  figure.

<{POST_SNAPBACK}>

Good advice.

[daveb1]

123 are really up to you.  In no case do you have a legal cause for remaining in Thailand it seems.  If you could each get 3 million baht together for investment here perhaps you could obtain legal extension of stay status and be in a much better long term position.  You should check out requirements with immigration in Bangkok.  The type of visa you have now is not designed for long stay in Thailand type use and immigration could refuse you entry anytime.  Your idea of keeping atm receipts might help convince them you have funds from outside Thailand so that should of course be one thing to do.  You also should always have funds with you when crossing border.

<{POST_SNAPBACK}>

Thanks we have invested 5.5 million baht on a house does that help?

<{POST_SNAPBACK}>

also bit confused by confliting advice

<{POST_SNAPBACK}>

Not really conflicting advice Lopburi is correct in what he says that the visa you are holding is not designed for living in Thailand but rather for the reason it was granted to you (where was it issued Hull?) ......however there are many people living in Thailand "doing" what you intend to do, with the same visa you have.What Lopburi was pointing out is that although you have been granted a Non Imm O now it is no guarantee that you will be in the future.......and therefore may not be the best foundation on which to plan the rest of your days here . Lopburi is also correct in advising you to carry funds with you when crossing the border back into Thailand , whether you will be asked to show these funds is another matter..........ive never been asked before but there is always a first time.

<{POST_SNAPBACK}>

Many thanks for all the advice but i am a bit concerned about our 0 visas did we apply for the wrong ones, that seemed to be allthat was on offer because of our age and we seem to be 1/2 million baht short of the 6 million baht investment. We do hope to set up a business within a couple of years but own a UK company that will give us monthly income. In practice do most people get by without to many problems living year by year on 12 month multi entry 0 visas or should we be looking at something else visa wise?

[daveb1]

123 are really up to you.  In no case do you have a legal cause for remaining in Thailand it seems.  If you could each get 3 million baht together for investment here perhaps you could obtain legal extension of stay status and be in a much better long term position.  You should check out requirements with immigration in Bangkok.  The type of visa you have now is not designed for long stay in Thailand type use and immigration could refuse you entry anytime.  Your idea of keeping atm receipts might help convince them you have funds from outside Thailand so that should of course be one thing to do.  You also should always have funds with you when crossing border.

<{POST_SNAPBACK}>

Thanks we have invested 5.5 million baht on a house does that help?

<{POST_SNAPBACK}>

also bit confused by confliting advice

<{POST_SNAPBACK}>

Not really conflicting advice Lopburi is correct in what he says that the visa you are holding is not designed for living in Thailand but rather for the reason it was granted to you (where was it issued Hull?) ......however there are many people living in Thailand "doing" what you intend to do, with the same visa you have.What Lopburi was pointing out is that although you have been granted a Non Imm O now it is no guarantee that you will be in the future.......and therefore may not be the best foundation on which to plan the rest of your days here . Lopburi is also correct in advising you to carry funds with you when crossing the border back into Thailand , whether you will be asked to show these funds is another matter..........ive never been asked before but there is always a first time.

<{POST_SNAPBACK}>

Many thanks for all the advice but i am a bit concerned about our 0 visas did we apply for the wrong ones, that seemed to be allthat was on offer because of our age and we seem to be 1/2 million baht short of the 6 million baht investment. We do hope to set up a business within a couple of years but own a UK company that will give us monthly income. In practice do most people get by without to many problems living year by year on 12 month multi entry 0 visas or should we be looking at something else visa wise? ps we do have a thai company set up for the purpose of buying the house and future business ideas

<{POST_SNAPBACK}>

[lopburi3]

Many have not had problems. A few have. But there is an active desire to close the "O" visa loophole and most consulates will no longer issue without valid reasons from what has been reported here and elsewhere.

If you do not have a company here not sure how you managed to buy a house as only condo type structures are normally on offer to foreigners (you are not Thai?). Can not answer the 5.5 million help question as only immigration can make that call but I have only heard it in reference to condo or investment so far - but nothing lost in asking them.

If you can not do better than the multi O do keep records of foreign funds coming into Thailand in case someone questions it.