recently,there was a short video on youtube integrity legal regarding this, and it seems you do have to keep the 800,000bt in the bank i think its something to do with how much you deposit into the bank over the period of the visa, it was all rather complicated and i'm not sure if i understood it properly.
Hi
@Russ , are you sure the Integrity Legal video was about visas/extensions? If you have a link that would be great because I couldn't find anything on their website.
Whilst I like Benjamin Hart he is a bit full of piss and wind. I can live with that because his heart (no pun intended) is in the right place and he always tries to give best advice. He has been prolific with his videos - which have mainly been about the re-statement of the tax treatment of incoming funds.
You have (unintentionally) added to the confusion by mentioning money deposited into the bank. That is irrelevant in the case of retirement extensions based on 800k in the bank.
It takes time to get your head around the procedures/rules which can be changed/misapplied at the drop of a hat. There are some very good posts in the Visa section of the forum but here is a quick run through...
Long-term expats usually stay in Thailand by extending their 'permission to stay" each year.
They don't have a VISA. A visa is something that says you meet the criteria to enter Thailand (it doesn't guarantee entry - that is down to the Immigration Officer at the point of entry). The visa is usually either multiple entry, which means you can enter and leave Thailand as often as you like up the expiry date of that visa. Each time you enter you are granted 'permission to stay' for 90 days (you must leave within 90 days) - or it is single entry. That is now the most common visa for retirees wishing to live in Thailand; a single entry Non-Immigrant 'O' visa is usually obtained in your own country. You then enter Thailand at which point the visa is 'used' and your permission to stay is stamped in your passport for 90 days. That gives time to get your ducks lined up ready for an application to extend your stay for 12 months - usually done in the last 30 days of your permission to stay.
The 90 days allows you to transfer in the necessary 800k to satisfy the 2 months seasoning requirements.
Note....the original visa is dead, it is deceased - it has been 'used'. What we all have are 'extensions of permission to stay' ...note the heading of the TM7 form.
Note.. please don't tell the IO in Surin that co-co says you don't have a visa.... Immigration staff will often refer to visas/renewal of visa (you can't renew a visa, it is used, you can only apply to extend your permission to stay)......this only adds to the confusion for us mere mortals.
It sounds like you have successfully applied to extend your permission to stay for another 12 months (albeit with an unwarranted bollocking)......enjoy your life in the knowledge that you are stamped in until Spring 2025 and just keep the bank balance above 400k (800k for the 2 months before your permission expires - erroneously referred to a your 'renewal' date).
I deal with Jomtien Immigration who are far worse than Surin. This year I decided to use the services of a local, long-established, reputable agent. The main reason (because of international travel) is that I wanted to 'renew' 3 months before my extension date. The earliest you can usually apply - according to the rule book - is 45 days, but most offices say 30 days.
My expiry date was 19th June, I (the agent) applied 19th March and I had to have the 800k in the bank by 19th January. The good news is that there is no monitoring of the 800k/400k after approval so I get away with only maintaining 800k for 2 months. Cost me 6,500 Baht to have the pleasure of not having to deal with Immigration.