My 1 year extension of stay ( based on retirement ) is due on the 26 of May 2019 – My next 90 day report is due on the 8 of March .
I have 800K Baht in a Thai bank that’s been deposited for many years and it never goes below 800K Baht . I have used a bank statement in all of my past 1 year extension renewal applications without any problems.
I am wondering if its now better to apply for my coming 1 year extension of stay early , say on the the 25 of February , which would be 28 days in advance.
If I leave my application until the 26 of march the new retirement policy rules will be in effect , and I’m not sure what that means in the way of me providing any new paperwork / bank statements on anysubsequent 90 day report that complies with the keeping of 800K in my Thai bank 3 month after the application
The other area Im not sure about is this part – You can then withdraw up to 400K, but must leave a remaining balance of 400K throughout the year ( does that mean I have to show a bank statement every 90 days when reporting ? )
So it sounds if I can do my new 1 year extension of stay ( based on retirement ) before the first of May, it will be less hassle for one year .
Have I got this right or am I missing some thing?
March first Retirement extension Policy – Should I go early
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With 800K parked in the bank for that length of timeyou shouldn’t have any problems and it will just be, for you, same old system.
As yet no-one is totally clear on how the showing of the 800K at 90/180 days etc will be done. I would reckon if you don’t touch it it won’t be a problem for you either.