I currently use my FCD account to renew my retirement extension.
Under the new rules I will now have to leave the equivalent of 400K thb in my account at all time to ensure my extension remain valid.
What ifthere is a correction or flash crash in my FCD currency (like the one with the Aussie dollarjust a few weeks ago) and the balance of my account drops down below the equivalent of 400K (even for just a brief period).
What If I dont notice this, and show up for my next annual extension, and immigration notices that more than six months ago my account had under the equivalent of400K in it.
Am I then sent to the IDC and banned from Thailand for 5 years for being on 6 months overstay?
Jailed and Banned for 6 Years because of exchange rates
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If a change in the exchange rate is going to put you in that kind of a bind, I’d suggest you start looking for a place that offers a “quit working” visa instead of a retirement visa. If anyone can’t keep a liquid 10,000 GBP available for emergencies, health care issues, etc, they aren’t really retired. They just quit working.
And anyone not willing to leave that dosh on deposit in the country that welcomesthem as a retiree isn’t showing enough dedication to the host country to deserve a retirement visa.
Agree with that, disagree with that… It doesn’t matter. That’s the way Thai Immigration apparently sees it.
Edit: And to be honest, I don’t think they’re being unreasonable. Though I do admit my heart goes out to those who will be caught up in the change. Just like it did when they quit allowing monthly visa runs ad infinitum.