How safe is 800,000 baht in any/all Thai banks for retirement visa?

[chubby]

can the $800,000 THB be split between various Thai banks ? and pros/cons  to  just maintaining such, and not touching it .... then living off other sources of income?

[Pib]

7 hours ago, chubby said:

can the $800,000 THB be split between various Thai banks ? and pros/cons  to  just maintaining such, and not touching it .... then living off other sources of income?

You can use multiple accounts to prove the Bt800K. I think below 2015 post my khunPer best sums it up. 

 

As to pros/cons of maintaining multiple bank accounts...living off other sources of income, that's really just a financial question in general talked about in many threads/posts over the years versus an immigration visa/extension of stay question.   Up to you for many different pro and con reasons as to how many bank accounts you have, how you use them, what type of accounts they are, etc., for your banking needs and desires  

 

For extension of stay purposes just ensure the required amount has been seasoned for the required time and it's a Thai bank account(s) where the money can be accessed "at any time" versus some account where your money is locked up...can't be touched for X-period regardless of interest loss rules...the account(s) needs to be the type where you can go withdraw money "right now" for day-to-day living expenses/emergencies/whatever reason.