Retirement 800k: different accounts?

[Jack2326]

Hi, getting prepared for my retirement visa renewal and as we all know you must have 800k in a thai bank, that I'm aware of, but can you have the money in different accounts. Ofcourse the reason for splitting the money up would be to take advantage of better interest rates for longer term accounts. Also, and probably more importantly, is the problem that faces the account holder when asked to get an updated acct. bank book, which seems to be required by immigration. To get a savings acct. updated wouldn't be a problem, but for a locked in term acct. this presents a problem. How can you update an acct. that is basically locked in, no debts no credits. Any ideas, thanks...jack.

[ubonjoe]

Most banks have the ability to do a forced update of a fixed term account. You would need to check with your bank for info about it.

You can have 800k baht split between 2 accounts but it makes it more complicated when it comes time to do the extension.