Money In The Bank.help

[nicksal37]

I have been on a retirement visa showing I have an income of 65,000bt a month or more..Now my income is about 62,000bt a month.At the same time I have some money in a" stirling " account with the the SCB bank. When I need to renew my visa will immigration accept this money as it is not in baht.I know that they will allow a lower income with money in the bank.Can someone give me good advice please.

[thaiphoon]

You should be ok, as long as the sterling account balance covers the shortfall between converted pension figure and 65k. When you are at the stage of renewal you will need SCB to provide you with a letter addressed to immigration confirming the sterling account balance. You will need to supply bank statement with matching balance figure (or obtain account printout from the Bank if statement not up to date) to immigration. Always a good idea to print from internet SCB foreign exchange rates for the day the letter is issued to assist immigration with conversion. As this is using the combination method, the bank account balance will not need to be seasoned.

[nicksal37]

You should be ok, as long as the sterling account balance covers the shortfall between converted pension figure and 65k. When you are at the stage of renewal you will need SCB to provide you with a letter addressed to immigration confirming the sterling account balance. You will need to supply bank statement with matching balance figure (or obtain account printout from the Bank if statement not up to date) to immigration. Always a good idea to print from internet SCB foreign exchange rates for the day the letter is issued to assist immigration with conversion. As this is using the combination method, the bank account balance will not need to be seasoned.

Thank you so much for your reply,I will be able to sleep tonight.

[thaiphoon]

Apologies. Power outage prevented me from editing earlier post. On combo method you must reach 800k. 62k pension per month x 12 months = 744k, so you must have minimum of 56k baht equivalent on foreign currency account to cover on the day of the bank letter. Small difference, but is important.