Change from money in the bank to income letter ?

[bobobo]

Good day all

I stay on Pattaya. I have retirement O based on money in the bank. Need to make an operation. Going to use

some money in the bank. Going to use a letter from the embassy instead. Are there any obstacles with this ?

Thank You..

[ubonjoe]

No problem as long as you can show at least 65k baht on the income letter.

[elviajero]

None. If anything it's the better option.

• You need 65K in income OR you can use a combination of the money you have in the bank (for 3 months) plus the income. e.g. If you have 200,000 in the bank for 3 months you only need income of 50K pm.

[Jingthing]

I read the O.P. as probably saying he hopes to use the COMBINATION method. 

In that case, as much as 65K income is not needed.

 

Here is an example of a combo method application:

 

410K in a Thai bank account (get bank letter as before)

410K in ANNUALIZED income evidenced by embassy letter (usually can be as old as six months)

 

Total in example is 820K (annualized income plus bank account).

The requirement is to combine to at least 800K.

When using income you need to be concerned about exchange rate fluctuations so you don't want to cut the total to the bone. 

 

As far as money seasoning for the bank portion when using the combo method, under written law the money doesn't need to be seasoned, but it would be prudent to season it anyway using the same rules as before when using a full bank account method. 

[bobobo]

No I am going show enough money in the embassy letter..I have heard that You have to go another

department to get the letter certified, before You go to immigration..well rumours..thanks ..

[evadgib]

Not if it's in English.

[ubonjoe]

2 hours ago, bobobo said:

No I am going show enough money in the embassy letter..I have heard that You have to go another

department to get the letter certified, before You go to immigration..well rumours..thanks ..

Pattaya does not ask for the consular officers signature on the income letter to be verified by the MFA for a an extension of stay application.

Only 4 offices thus far are asking for that.