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BANGKOK 16 November 2018 03:50
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Does the 800k Baht for extension based on retirement have to come from outside Thailand.

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18 hours ago, onera1961 said:

4. Connect your US bank to Bangkok bank and do a test transfer of $1000

The beauty of this system, is you can send money via ACH, and avoid the "wire transfer" fees.  But, the process to set up an ACH transfer often involves your bank in the USA sending "test deposits" of a few pennies each.  Then, you are asked to tell your bank how much these deposits were - thus, verifying you have access to the receiving bank-account. 

 

If you just run a bank-book printout, these tiny amounts, combined with variable exchange-rates, may not be easy to turn back from satang into the 'cents' required for your US-Bank.  The solution I used, was to get the bank to print out my "deposit receipts," which showed the USD-amounts that were deposited.  With that, I could correctly answer the "How much did we send?" question from my US-Bank, and complete "connecting" my US Bank to Bangkok Bank NY to allow ACH transfers.

 

Note that these "deposit receipts" can also be requested for use in verifying the origin of funds in your Thai account.

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havent read the whole thread so i am probably repeating stuff others have said but i can confirm that a transferwise payment will not indicate the money has come from abroad and in fact it doesnt. you pay transferwise and they pay to you using their dometic account so it will be a domestic transfer so dont use them for your 800,000 baht transfer.

 

how do i know this...i tested transfer wise yesterday and the money showed up in my thai bank account today.

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It's simple to print out transfers received by Transferwise, Bahtsmart et al from your home country account, proving the deposits origin.

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24 minutes ago, Evilbaz said:

It's simple to print out transfers received by Transferwise, Bahtsmart et al from your home country account, proving the deposits origin.

Sure but the only thing immigration will accept is a letter from a Thai bank confirming the funds came from abroad.

People that brought in cash and exchanged it to baht have tried showing the exchange receipts and they were refused.

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4 minutes ago, zombie nights said:

Well I have used transferwise for my 800,000 transfer (sent from my sterling account in UK) and it shows up in my Thai bank account as "International Transfer" which will -as far as I know- satisfy immigration for my renewal when I apply in the new year.

If you are already on an extension the proof the funds came from abroad when you apply for another extension.

It is only needed when applying for a non immigrant visa (category O) at immigration.

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3 hours ago, ubonjoe said:

If you are already on an extension the proof the funds came from abroad when you apply for another extension.

It is only needed when applying for a non immigrant visa (category O) at immigration.

Phuket Immigration does not care where the funds are coming from when converting to a Non-O

They are only interested in the balance.

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14 hours ago, ubonjoe said:

Not sure how you got a VOA. I am sure it was a 30 day visa exempt entry.

How many years ago did you do the visa application?

Last month.

 

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18 hours ago, ajahnlau said:

Changed from VOA to non-imm. Did not have to show funds came from abroad.

I do not think it is possible to do a conversion from a visa on arrival to a non immigrant entry. Are you sure you are not confusing a 15-day visa on arrival (available to some nationalities not eligible for visa exempt entries) with a 30-day visa exempt entry?

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13 minutes ago, BritTim said:

I do not think it is possible to do a conversion from a visa on arrival to a non immigrant entry. Are you sure you are not confusing a 15-day visa on arrival (available to some nationalities not eligible for visa exempt entries) with a 30-day visa exempt entry?

Looks like he did the conversion from a visa exemption arrival to a Non-O which is possible of-course.

 

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On 12/4/2017 at 9:16 PM, lopburi3 said:

You are aware the financial requirements in Thailand do not apply if you obtain a non-immigrant O-A visa from Thailand Consulate prior to travel here?  Money can stay in US for one (or almost 2 years) before there would be a requirement to show funds here.  Yes there is a police report and medical certificate required but for most people these are minor if they have time for advance planning and there would not be any need for change of status once here as at entry you would get a 1 year stay.

I am not aware of this.  The majority of this conversation seems to center on the best way to get your money into a Thai bank account.  Is this correct that as long as I apply for the O-A from the Thailand Consulate in Chicago, for example, I can simply provide them with my current US bank statement showing I've got 800,000 baht equivalent in USD?    

 

If I am interpreting this incorrectly, I have had a joint SCB savings account with a Thai national for about 10 years.  Would it be acceptable to make the transfer from my US account to this joint account for the purpose of satisfying the requirement?

 

 

Couple of other questions.....I copied this from the Thailand Consulate Chicago site.....

image.png.5dcb93911e7083973da6daeeef5120de.png

 

1.  What do they need for "proof of retirement".   Not sure I have a formal letter from my employer.  I'm 61.

2.  "Bank statement" would seem to support the suggestion that it does not have to be a Thai bank.

3.  I have a police report from Oct 2017 and health cert from Jan 2017.   What is the requirement on age of documents?

4.  Finally, what about this notary thing?   What would a notary be notarizing....obviously these things are printed off or mailed to me, and the notary will not witness who signed them.   A friend sent me his documents and he simply wrote "I certify these documents are true and correct" and then signed that and the notary stamped it.   It worked as he got the visa, but seemed a bit silly to me.   Is that actually what they are looking for?

 

Generally speaking, does anyone have an opinion on whether it's better to get the visa in the home country or in Thailand?   

 

Also, FYI.... on the Chicago site, the retirement O-A cost is $200 USD, and it indicates it's multi entry.

 

Thanks in advance for any info.   I'm planning to call Bangkok Bank in NYC to find out if I need to be there to open a USD account, or can i do that over the phone.....I see I cannot open it online.

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Yes, the money is supposed to come from outside the country for every extension, though, this is a rule that immigration don't enforce.

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Just now, KarenBravo said:

Yes, the money is supposed to come from outside the country for every extension, though, this is a rule that immigration don't enforce.

In the case of applying for a Non Imm O as a prelude to obtaining an extension of stay at a local IO, (know as a conversion) then the funds must be proved to have come from abroad, or from an income within Thailand.

 

If you are applying for an extension from an existing Non Imm O Visa or previous extension, there is no requirement to prove the funds came from abroad.

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Posted (edited)

Last first - Bangkok Bank accounts can only be opened in Thailand.  New York does not offer consumer accounts.  It is used for ACH transfers to your account in Thailand (to avoid high foreign transfer fees).

 

Believe Consulate wants your signature on documents verified by Notary Public - in Thailand your signature on document acts a confirmation by itself

 

If nothing else suspect a letter signed by you that you are retired and date of such being notarized would be fine.

 

You would have to ask Consulate about age of documents but suspect they would want newer.

 

Doing in home country provides one year multi entry (one year stay each entry) and extra year stay (needing re-entry permits for travel) if you make a return just before visa expires.  But most people probably extend stay in Thailand directly from conversion or a non immigrant visa entry (many qualify by married but extend for retirement so getting visa is easy).  An up-to-you decision.

 

A joint bank account is not normally accepted for extensions of stay (and when has been only at double the required amount).

Edited by lopburi3

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1 minute ago, Tanoshi said:

In the case of applying for a Non Imm O as a prelude to obtaining an extension of stay at a local IO, (know as a conversion) then the funds must be proved to have come from abroad, or from an income within Thailand.

 

If you are applying for an extension from an existing Non Imm O Visa or previous extension, there is no requirement to prove the funds came from abroad.

That's right. It's not enforced.

Immigration can see where the money has come from by looking at the code in your bank book.

If you are retired and are not allowed to work, then logically, the money should come from overseas.

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