Is A Joint Bank Account Acceptable If Using > 800,000 Baht For Retirement Visa?

[lungbing]

Early next year I have a couple of pensions starting which brings my income level to well over the 800,000 baht needed

to renew my visa extension by reason of retirement.

At renewal will I also need to show a bank book, and, if so, is a joint account acceptable?

Thanks.

[Lite Beer]

You will need to show a letter obtained from the bank if using savings.

Plus an up to date bank book.

The account has to be in your name only.

[Mario2008]

If you have an income of more than 65,000 a month (most embassies certify yearly income and divide it by 12) you only need a letter from your embassy confirming your income.

Some immigration offices will also want to see a bankbook, but that is just to see if you have money to spend in Thailand. 20,000 baht should do it. You don't need to show a bank letter for that.

[rogerdee123]

I've always used a joint bank account with my wife for my retirement Non-O.

But I've always had more than 800k x 2 = 1,600,000 balance (equiv including baht + foreign currency)

[NancyL]

I've always used a joint bank account with my wife for my retirement Non-O.

But I've always had more than 800k x 2 = 1,600,000 balance (equiv including baht + foreign currency)

Rogerdee, what Immigration office do you go to? It seems the practice of accepting joint accounts varies from one province to another.

[IMA_FARANG]

Normally there are 3 ways to meet that financial requirement for your retirement visa extension.

they are:

1. Having 800,000 Thai baht in a Thai bank account in your name, for the first extension it must be there ("seasoned") for a minimum 2 month period, and 3 months for any later extensions. Some immigration offices may accept a joint account, but some don't. Actually I think it actually says the account must be in your name. How that's interpreted by the immigration is up to each local office.

2. A monthly income of 65,000 baht equivalent from outside of Thailand You may need letter from your embassy to certify this. No "seasoning" requirement here.

3. A "combination" of the two methods above which give you the equivalent of 800K Thai baht annually, There is no seasoning requirement on this combination method. But before you use this combination method ask at your local immigration if it is acceptable .... because like everything in Thailand not all the immigration offices will accept it. I know Chaeng Wattana does accept the combination method for Bangkok, even if your income and bank account amounts are below the required amounts because that's how I did my 3rd retirement extension this October.

[ubonjoe]

Immigration offices will only accept joint accounts if the balance is twice the 800K amount which is what rogerdee123 is doing but that may not mean all will accept doing it.