800,000 baht rule

[bazza40]

My retirement visa expires on November 3, applying for extension.

Since 19/8/2014, I have had 800,000 baht continuously on term deposit with Bangkok Bank. The first term deposit expired on 19/7/2015, Bangkok Bank automatically rolled it over into a 3 month term deposit because I was in Australia. When I returned, they set up a new term deposit of 10 months dated 6/8/2015.

I've been told I need the funds on deposit for three months prior to the retirement extension, which would mean I miss the requirement by 3 days on the basis of the new term deposit.

Considering the necessary funds have been with Bangkok Bank continuously for over a year, do I have a problem?

[oncearugge]

Depending on which immigration office you use, you may get away with it providing the bank will provide a letter giving a full explanation regarding your funds.

[fang37]

Provide full disclosure & documentary evidence, dress appropriately, wai, smile & all should be fine.

BUT, what would I know? (I do a 12 month term deposit - done so for more than a decade).

[MichaelJohn]

I have had the same issue before as my fixed term deposits often expire in the period just before I apply for my extension.

The bank always write to say the money's been there continuously; never an issue.

[sinbin]

At Kap Choeng office they don't accept Fixed Term accounts as final. They now want to see movement in your bank book so they want to view your ordinary account as well,

[JMWPACIFIC]

I've always "timed" my time deposite to avoid your situation but it seems to me they should accept the evidence of 2 bankbooks which, taken together, would clearly show the funds were properly on deposit.

But maybe that is too logical. Probably best to get a letter from the bank.

[KhunBENQ]

If a fixed depost times out it will continue as a normal (or 3 month) savings account.

If this time out happens during the three month period before extension, then simply don't touch it.

Bangkok Bank automatically rolled it over into a 3 month term deposit because I was in Australia. When I returned, they set up a new term deposit of 10 months dated 6/8/2015.

The letter one should have been avoided.

[bazza40]

Thank you people. Looks like getting the bank letter with appropriate explanation is the way to go.

I thought I had the timing right; however, it was the bank that took a few days to process the term deposit.

Cheers.