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Thai Retirement Visas: Update on Bank Account Balances

Transcript of the above video:

As the title of this video suggests, we are discussing bank account balances associated with Thai Retirement Visas.

This is kind of an update. As we are starting off the New Year, folks are looking at going into a new calendar year, updating their Retirement Visas. I just thought I would make this video to remind folks, remember and this came in with "Big Joke" some years back, the 800,000 bank balance is not a one-off thing. As we have discussed at length in other videos on this channel, there is a requirement of 800,000 Baht in a bank account in order to maintain a Retirement Visa in Thailand. As noted in previous videos, that balance needs to be readily apparent in one's bank account two months prior to the application and it is our understanding at least 2 months, possibly 3 months depending on who you talk to, following that application; definitely one month because in theory there is sort of a review period.

Long story short, you need to make sure that the balance never goes below 400,000 Baht and you need to make sure it definitely shows 800,000 Baht 2 months prior to seeking your Retirement Visa Extension. Presumably you should go ahead and keep it in there until a month after that initial extension is filed for.

So, the reason for making this video the reason I am bringing this up is, we are starting the New year, folks are dealing with their bank accounts, they are thinking about things and often times they are thinking about a lot of other things especially in light of the current COVID-19 response that is the background of everything we are doing, that it is a good idea to keep in mind your bank balance associated with your Retirement Visa. Make sure it is up to date and in compliance with relevant regulations.