With regards to the new criteria being issued by The Immigration Department for the renewal of visa extensions on the basis of retirement for 2020, I would like try to confirm one point as follows with regards to the requirement to keep the money in the account for the first 3 months of the extensions being granted in 2019.
I am assuming, if there is a balance in the account which exceeds 800K Baht, that one will still be permitted to withdraw money from the account during the first 3 month period of the visa extension, as long as the balance in the account still remains above 800K Baht at all times. Is this correct?
Thank you for any feedback you may be able to offer on this.
Criteria For Granting Of Retirement Visa Extensions In 2020
Share
Is it that hard to maintain THB400K-800K in a bank account
year round?
For many years, I have been keeping the THB800K+ amount in my term deposit account. And I do not touch it.
I make a fund withdrawal little by little from my saving account
to cover the cost of my living in Thailand.
I am far from being wealthy.
I have never earned more than $35000-40000/year while working.
And I am well under pension age.
But still I can do so.