Pension 3,500 Baht Per Month Short

[Phil_ne_uk]

My first year’s retirement visa extension is soon due for renewal. Now due to the baht exchange rate being low my monthly pension is now only 61,500 baht.

So does that mean because the difference is 3,500 baht per month less that I would need to show 42,000 baht in my Thai bank account? (i.e 3,500 x 12) instead of the full 65,000.

If so would that need to be in the bank 90 days before applying?

Will the IMM accept this?

Thanks,

Phil

[BigSnake]

If I understand your question correct, the answer is YES. 61500 per month plus 42000 in the Thai Bank account(your) is the right Math in my book, Over to y'all

[JohnC]

A mix of income plus money in the bank is acceptable and the money in the bank does not have to be seasoned, I had the same problem last month and was slightly short on my pension but had around 35K in my Thai bank which was shown both on the bank letter and my passbook, sailed through no problem. Incidentally the Captain did ask me of I rented or owned my house! Not sure why although if owned then obviously you do not need rent money, whether or not that was a factor I do not know.

[ubonjoe]

The total has to be 800,000 baht or more. So you need to show 62,000 in the bank.

It does not have to be in the bank for 3 months.

[lopburi3]

Believe you will need to meet the 800k requirement if using combination and that would be 62k in the bank account.

Correct math typo.

Edited June 1, 2009 by lopburi3

[Phil_ne_uk]

Thanks for the replies guys. Does the 62k in the Thai bank have to be there for 90 days before applying?

Cheers,

Phil

[ubonjoe]

It does not need to be there for 90 days. But you will need a letter from the bank confirming the balance plus copies of your bank book updated the same date as the letter.