Retirement And The 800k

[Niloc]

I have a paper I received from the Thai consulate in Melbourne (Australia) which specifically says along with all the other stuff, "Having a bank account not less than 800,000 baht (Savings or Fixed account)". It then details the other options of Pension, Embassy letter etc.

The savings or Fixed account interests me, does this mean I can have the 800K in an interest bearing fixed account which I cannot touch for a year, just flash the book at immigration and they will accept that I have the necessary 800K even if I can't spend it? I would obviously need to have a current passbook to manage my expenses but if I had the 800K in a fixed deposit, it would be very convenient and avoid the current mad scramble to rake up the cash and transfer it to Thailand once a year.

[lopburi3]

I would ask your immigration office as Consulates do not make the rules.

[Niloc]

I am going to be there Monday bright and early (Mae Hong Son), the sole officer is a decent bloke and he will be delighted to see with wife in tow and a couple of new land titles....

I will let you know what happens.

[lopburi3]

Please do as I am sure others will be anxious to know also. Several people have asked about it lately.

[Niloc]

Just back from Mae Hong Son. I have my passport stamped "Applicant is permitted to stay up to 21 JUN 2007"

I asked the officer if I could have the 800K in an interest bearing account in my name and he replied that I can earn interest for six months. Which six months he didn't seem too sure...

I also went for my drivers licence (successfully!) and I had finished everything by 2:30 PM

[SunbeltAsia]

I have a paper I received from the Thai consulate in Melbourne (Australia) which specifically says along with all the other stuff, "Having a bank account not less than 800,000 baht (Savings or Fixed account)". It then details the other options of Pension, Embassy letter etc.

The savings or Fixed account interests me, does this mean I can have the 800K in an interest bearing fixed account which I cannot touch for a year, just flash the book at immigration and they will accept that I have the necessary 800K even if I can't spend it? I would obviously need to have a current passbook to manage my expenses but if I had the 800K in a fixed deposit, it would be very convenient and avoid the current mad scramble to rake up the cash and transfer it to Thailand once a year.

If you have the 800K in a fixed deposit. You will need to have a Foreign Exchange Certificate, that you transferred foreign currency that was exchange to over 800K in Thai baht and it came from overseas. along with the letter from the bank that you have these funds, will work.

On the one year renewal the officer will want to make sure you are not working and that’s why you are not using the funds. You will need to show them the money came from outside Thailand, that you are using for your household expenses.

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