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First time applying for a retirement visa(O-A) and funds

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When I come to thailand and apply for my retirement visa(O-A) for the first time I hear that I can have my funds in a US bank or have a letter from my 401K plan showing that I have the funds in it. I hear that you get a pass for the first 2 years of not having to have funds in a thai bank. On the 3 year I hear that your O-A visa just turns into a O visa from that point on and you need to have funds in a thai bank.

You can only get an O-A visa from a full consular office in your home (normal residence) country.

You get an Extension of Stay for retirement at the Immigration office in Thailand covering the area where you live.

Two different things with two different sets of rules.

What you "hear" is for the former.

Edited by Ginkas

If you want to keep your funds in a US bank you must obtain an O-A visa from a Thai Embassy in the US or obtain a single entry Non-O visa and apply for a one year extension in Thailand using the 65000 baht/ month method. If you apply for an O-A visa, in addition to the funds a criminal background check and medical certification is required. On issuance of the O-A visa you can enter Thailand and get 1 year permission to stay. If you use the visa correctly and leave and reenter just before it expires you will get another year, so effectively you get 2 years. During the last 30 days of your second year you can apply for a 1 year extension. You can do this every year there after. Currently no medical or crimnal checks are required. However when you apply for the 1 year extension your money, currently 800000 baht must be in a Thai Bank in your name only and has been there for at least 2 months the first time you apply and 3 thereafter. As an alternative you could get a letter from the US embassy stating that you are receiving at least 65000 baht/month from overseas. Currently the letter is a sworn affidavit and no "proof" is required.

If you want to keep your funds in a US bank you must obtain an O-A visa from a Thai Embassy in the US or obtain a single entry Non-O visa and apply for a one year extension in Thailand using the 65000 baht/ month method. If you apply for an O-A visa, in addition to the funds a criminal background check and medical certification is required. On issuance of the O-A visa you can enter Thailand and get 1 year permission to stay. If you use the visa correctly and leave and reenter just before it expires you will get another year, so effectively you get 2 years. During the last 30 days of your second year you can apply for a 1 year extension. You can do this every year there after. Currently no medical or crimnal checks are required. However when you apply for the 1 year extension your money, currently 800000 baht must be in a Thai Bank in your name only and has been there for at least 2 months the first time you apply and 3 thereafter. As an alternative you could get a letter from the US embassy stating that you are receiving at least 65000 baht/month from overseas. Currently the letter is a sworn affidavit and no "proof" is required.

"As an alternative you could get a letter from the US embassy stating that you are receiving at least 65000 baht/month from overseas. Currently the letter is a sworn affidavit and no "proof" is required."

Very well stated.

Just to add to that, you could use a combination of money in a Thai bank plus an affidavit from the embassy about some level of monthly income as long as the combined total meets the requirement.

The embassy may not require proof of the amount of income you are declaring, but Immigrations still could ask you for some backup documentation to support the affidavit at their discretion, although it rarely happens ... so far.

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