Regular & Fixed Bank Accounts For Retirement Visa

[L&J]

We have had retirement visa for five years and no problem with income in bank requirement. However will be back in the USA

for couple of months prior to renewal date. During that time will be drawing funds from our regular bank account and possibility

that account will drop below 800,000 baht towards the end of the trip. However we have well over 1 million in a fixed account

that is drawing some interest. Will Immigration take this into consideration (will be far more than needed between the two accounts) or should I withdraw some of the fixed rate money baht and put it in the regular account for a cushion? Any insight would be appreciated.

Thanks

[lopburi3]

When you say "we" are you talking about joint accounts? Immigration normally will not accept that as only name of person on retirement extension is allowed. But they normally do accept fixed deposit type accounts (as long as a cash account).

[Lite Beer]

Fixed accounts are usually accepted.

As regards to "We" that needs clarifying a bit.

[mackes]

I had the same problem but it was ok to show two bankaccount as long as the sum of the two is over 800 000.

You need a written statement from bank for both accounts.

[L&J]

Thanks for the info. The "we" is the collective that I use for my American wife and myself. Found several years ago

that it was not a good idea to have both our names on the account so set-up a separate account for her. Four years

ago there was some problem using the fixed account for the 800,000 balance, but heard that was no longer the case,

but wanted to see if anyone had an alternate experience.

[lopburi3]

Most reports of trouble have not been cash deposit accounts - stock/mutual fund and such fixed deposits are not allowed and often it can be very hard to know from bank description what it actually is. If you can withdraw the full 800k at any time it should be allowed. In a fixed deposit you can do this but lose some or all interest.

[NancyL]

I've had no problems in using two fixed accounts to demonstrate I have 800,000 baht at Chiang Mai. Both are accounts where I can draw the money at any time and are solely in my name. Of course, I have bank letters for both accounts.

Last year the immigration officer did ask me how I obtained my funds for living since I deposited the funds three years ago and haven't touched them, except for updating the passbooks just before the annual trips to immigration. Simple (and truthful) answer is that my husband's pension is adequate to support both of us. I held up our joint passbook and offered to show it to him, but he just waved it away. Good thing he didn't want to look, since only about half my husband's income comes into that account, less than 65,000 baht/month, and the balance of his pension income is deposited into an account in the U.S. and I didn't have proof of that account with me!

[meatboy]

i have just renewed my marriage extension with 1fixed deposit acc[500k] and i also had a letter from the bank showing a current acc.used for living exs.but the balance must be the required amount 2months before ext.is due.