800k is for per coupon application

[wilkis333]

Some netizen has made some enquiries regarding retirement in thailand but different people gave different answers. May we confirm 1)couples wants to retire ,one was under 50 years old and is it possible 2) 800k in bank is for one person or one coupon application (if both were over 50 years old) or they have to prepare individually .

thanks

[wilkis333]

both are not thais

[ubonjoe]

Not sure what you mean by coupon.

The person 50 or over will apply for an extension of stay based upon retirement and show the 800k baht in the bank for 60 days for the first extension (3 months after that). The other one will then be able to apply for an extension of say as a dependent of the one that got the extension based upon retirement with no financial proof needed.

[KhunBENQ]

coupon? Guess you mean couple?

1) yes, other person can be under 50

2) From the rules it is clear that one person can apply for extension based on retirement (with the 800k on the account) and the second person (married) can apply for an extension as a "dependent" based on the first persons extension.

So its two separate applications on different reasonings.

A mistake often done: bank account in both names.

This leads to trouble.

Phuket immigration req. 1.6 million on the account in the past.

Legally such an account does not qualify.

Bank account has to be solely in the name of the person who applies for extension based on retirement.

The "1.6 million" req. was once brought up falsely by some Phuket newspaper.

Later it was found that the problem was the account in both names.

Edited August 11, 2015 by KhunBENQ

[PoorSucker]

When you say couple I presume they are legally married, Thai Immigrations do not recognize de facto marriage.

[wilkis333]

thanks

[sendintheclowns]

coupon? Guess you mean couple?

1) yes, other person can be under 50

2) From the rules it is clear that one person can apply for extension based on retirement (with the 800k on the account) and the second person (married) can apply for an extension as a "dependent" based on the first persons extension.

So its two separate applications on different reasonings.

A mistake often done: bank account in both names.

This leads to trouble.

Phuket immigration req. 1.6 million on the account in the past.

Legally such an account does not qualify.

Bank account has to be solely in the name of the person who applies for extension based on retirement.

The "1.6 million" req. was once brought up falsely by some Phuket newspaper.

Later it was found that the problem was the account in both names.

I' d a couple of extra thoughts, as one of the major bitches here is that when dealing with a provincial Immigration office, there is a lot of discretion granted to the Officer you are dealing with. From experience:

- Your marriage certificate will have to be translated into Thai language and certified by your home country's Embassy in Thailand.

- bear in mind that acceptance of the spousal application being accepted as a dependent is also subject to the officers discretion. I can't offer concrete evidence of problems arising on this point, so I stand to be corrected.

- make absolutely sure, when you arrive at Immigration to make your application, that your bank papers are dated the same day as you are applying.

- there is a new requirement for bank paperwork. Previously, you had to show copies of the 60 days of the passbook, and a letter you request from your bank. Now there is a 3rd item, a certificate from the bank. So that is (I) copies of passbook, (ii) letter from bank, (iii) certificate from bank. Items (ii) and (iii) must be dated the same date you are planning on going to Immigration.if they are "stale" you will have to revisit the bank and do the whole exercise all over again.

Otherwise, if you have an open mind, and don't mind being a second-class citizen some of the time, it's a great country to live in!

[NancyL]

Your wife should be aware that if something happens to you, then her permission to stay isn't valid anymore. She may wish to obtain her own retirement visa once she reaches age 50. I've known of several widows who were very surprised to discover that they were considered to be on overstay and told to leave the country to make their own visa arrangements shortly after their husband's death.

Edited August 12, 2015 by NancyL

[biplanebluey]

coupon? Guess you mean couple?

1) yes, other person can be under 50

2) From the rules it is clear that one person can apply for extension based on retirement (with the 800k on the account) and the second person (married) can apply for an extension as a "dependent" based on the first persons extension.

So its two separate applications on different reasonings.

A mistake often done: bank account in both names.

This leads to trouble.

Phuket immigration req. 1.6 million on the account in the past.

Legally such an account does not qualify.

Bank account has to be solely in the name of the person who applies for extension based on retirement.

The "1.6 million" req. was once brought up falsely by some Phuket newspaper.

Later it was found that the problem was the account in both names.

I understand the letter from bank ,that's to state your balance and prove it was in your a/c for the req time,but what's this Certificate from Bank do or say

I' d a couple of extra thoughts, as one of the major bitches here is that when dealing with a provincial Immigration office, there is a lot of discretion granted to the Officer you are dealing with. From experience:

- Your marriage certificate will have to be translated into Thai language and certified by your home country's Embassy in Thailand.

- bear in mind that acceptance of the spousal application being accepted as a dependent is also subject to the officers discretion. I can't offer concrete evidence of problems arising on this point, so I stand to be corrected.

- make absolutely sure, when you arrive at Immigration to make your application, that your bank papers are dated the same day as you are applying.

- there is a new requirement for bank paperwork. Previously, you had to show copies of the 60 days of the passbook, and a letter you request from your bank. Now there is a 3rd item, a certificate from the bank. So that is (I) copies of passbook, (ii) letter from bank, (iii) certificate from bank. Items (ii) and (iii) must be dated the same date you are planning on going to Immigration.if they are "stale" you will have to revisit the bank and do the whole exercise all over again.

Otherwise, if you have an open mind, and don't mind being a second-class citizen some of the time, it's a great country to live in!

I understand the LETTER FROM BANK---- thats to verify the correct amount of time and deposit,but what's the CERTIFICATE FROM BANK? Been here 8yrs and not had one yet!!!

Edited August 12, 2015 by ubonjoe
moved reply from quoted text

[flyingdoc]

Not entirely clear on the continuing proof of the 800,000 deposited being provable thereafter?

[wilkis333]

me too. i would like to know "the cert" content.

[mrwebb8825]

Just put $1 million in the bank and never touch it - (side note: never put more than $1 million in any single back as they can NOT insure it) - Another question about the whole retirement visa thing: Can a foreigner who is married to a retired Thai stay as a dependent?