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  1. #26
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    Quote Originally Posted by Shutree View Post
    Headhunter - I was looking at the straightforward route of putting B800K in a fixed deposit, accepting a small rate of return and going for the retirement visa.

    However, it seems from your post that I might struggle to open a fixed deposit, even if the money is already sitting in the same bank?

    Second question: The new rules talk of the B800K being in an 'active account'. By definition, a fixed deposit shows no activity. Does that mean it is a non-starter?
    I have had a million in a fixed acc.with LH. bank for over 6-7yrs.its never been touched,but immigration sometimes ask what are you living on.i show them a different acc.that I use for living exs.i had just done a transfer uk.to Thailand for this yrs.exs.so to ease the loss on the rate [TT] I thought why not put half of it in a fixed acc.for 6months and earn about 4,000bht.me and mrs.HH have about 7accs.with LH.BANK so by them giving me some aggravation I am not a happy chappy.
    too go and get a letter confirming my address,it means taxi there and back,plus imm.last time 6yrs.ago charged me 500bht.i wasn't prepared to do that.
    as for the rate of return fixed for 3yrs.was 2%.but there are some banks CIMB offering decent rates.[promotions] but you need to go into one of the malls that have a lot of banks,then you will have to put up with illiterate staff.
    good luck. HH.

  2. #27
    Days Work Done! Norton's Avatar
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    Quote Originally Posted by Pragmatic View Post
    What's next I wonder?
    Health insurance.

  3. #28
    hangin' around cyrille's Avatar
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    Quote Originally Posted by headhunter View Post
    you need to go into one of the malls that have a lot of banks,then you will have to put up with illiterate staff.
    It's somewhat ironic that you are unable to express the sentiment in your first language that other people sometimes struggle in their second language.

  4. #29
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    So as i see it one just has to be organized? Transfer 65,000 a month form overseas every month but you can't use it for 1 year. After that it will be be automatic. 65,000 in and whatever out you need to live and the rest stays in the bank. When you die or leave the money goes with you or to your relatives etc.

    It is not necessarily to keep law abiding people of European descent out? More likely the chancers/Nigerians/et al who want to subsist here while working/sponging illegally. As has been said it is all the agencies who find all the gaps who are partially to blame but then again most agencies seem quite friendly with immigration officers and are often ex immigration themselves.

    They are treating everyone the same? Are they not? They are not making up rules to exclude any particular nationality or creed?
    Better to think inside the pub, than outside the box?
    I apologize if any offence was caused. unless it was intended.
    You people, you think I know feck nothing; I tell you: I know feck all
    Those who cannot change their mind, cannot change anything.

  5. #30
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    Quote Originally Posted by cyrille View Post
    It's somewhat ironic that you are unable to express the sentiment in your first language that other people sometimes struggle in their second language.
    DIOLCH UN VAUR.

  6. #31
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    as I read it,it states that the 800k.has to stay in the back for 3months after the extension date,then you will be allowed to withdraw any amount as long as the remaining fund does NOT BE LESS THAN 400K. before the next extension date.

  7. #32
    Thailand Expat jabir's Avatar
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    Quote Originally Posted by headhunter View Post
    as I read it,it states that the 800k.has to stay in the back for 3months after the extension date,then you will be allowed to withdraw any amount as long as the remaining fund does NOT BE LESS THAN 400K. before the next extension date.
    iow give 400k to your bank for 6 months each year, and another 400k for them to keep indefinitely.

    That sounds fair enough.

  8. #33
    Thailand Expat David48atTD's Avatar
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    ???????

    Quote Originally Posted by David48atTD View Post
    Does it mention those 'grandfathered' under previous provisions?

    Any changes?

  9. #34
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    Quote Originally Posted by headhunter View Post
    I have had a million in a fixed acc.with LH. bank for over 6-7yrs.its never been touched,but immigration sometimes ask what are you living on.i show them a different acc.that I use for living exs.i had just done a transfer uk.to Thailand for this yrs.exs.so to ease the loss on the rate [TT] I thought why not put half of it in a fixed acc.for 6months and earn about 4,000bht.me and mrs.HH have about 7accs.with LH.BANK so by them giving me some aggravation I am not a happy chappy.
    too go and get a letter confirming my address,it means taxi there and back,plus imm.last time 6yrs.ago charged me 500bht.i wasn't prepared to do that.
    as for the rate of return fixed for 3yrs.was 2%.but there are some banks CIMB offering decent rates.[promotions] but you need to go into one of the malls that have a lot of banks,then you will have to put up with illiterate staff.
    good luck. HH.
    Thanks HH.
    The translated new rules do not say accounts, plural. Logically a fixed deposit of 800k plus a savings account with some activity should satisfy Immigration. But logical isn't a word that gets used a lot around here.
    We shall see.

  10. #35
    Thailand Expat Pragmatic's Avatar
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    Farang Thai wives work as teachers, nurses etc so why can't their wages be taken into consideration as to the funds of a
    'Marriage Extension'? It's all fcuking wrong that my wife can't support me in times of hardship.

  11. #36
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    Quote Originally Posted by Pragmatic View Post
    Farang Thai wives work as teachers, nurses etc so why can't their wages be taken into consideration as to the funds of a
    'Marriage Extension'? It's all fcuking wrong that my wife can't support me in times of hardship.

    I agree with the idea that my Thai wife should be able/allowed to support me. That is I put the 400K in a Thai bank in my name but then I shouldn't have to show what I live on but rather what we live on which would include her money. I struggle with the notion that they cannot accept that her money and my money is really "our" money.
    I deliberately transferred my salary into her account for over 6 years so that if I died there would be no issues with her having to go to a court to get it and it would have prevented my family making any claim to it in the event of my dying.

    The sad part is when I went to my bank (Kasikorn) to get a receipt to show the a deposit was an International transfer I was connected to the Bangkok office by the locals (who couldn't help me) and the numpty in Bangkok told me to go to my bank and they could give me a receipt, I would have loved to seen his face when I told him "you are my bank" as he couldn't provide it to me.

    Personally I am just going to continue to get the missus to transfer money from her account to my account whenever it gets down close to the magic 400K. Time will tell if they (Immigration) then want me to prove it was sent from overseas.

    I suppose when they ask what do I live on I could say I just catch rats, frogs, snails and insects to eat and we grow our own rice to eat with them.

  12. #37
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    Quote Originally Posted by rickschoppers View Post
    I will just go back to my home country and obtain a one year, multiple entry Non-Immigrant O visa based on marriage to a Thai like I have done for the last 13 years. Much easier and not nearly as many hoops to jump through when getting an extension. When they tell me I can no longer do that, I will live somewhere else like Panama or Belize where they have very friendly immigration requirements. Things are getting rediculous here anyways.
    As I go to the U.S. every six months I will do the same,itís not that big of a deal,to cross the border once in six months.I have a good friend from high school days who moved to Panama,says he loves it.

  13. #38
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    Yup, It's worked perfectly for ,e for the last 6 years.

  14. #39
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    Us guys here on Marriage Visa extensions nothing really changed as far as I see it. Just make sure you have 400k bht in YOUR bank account 3 months before ( I buffer it with an extra month prior to) your annual extension. We live off that money all year and then I just wire another lump sum and the process just goes on. Never had an issue. When my wife and I travel we put it all on our card in the US and I just pay online from here.

    That said, guys here with retirement Visa extensions have an entirely new set of rules.
    Last edited by JPPR2; 04-02-2019 at 07:08 PM.

  15. #40
    ความรู้ลึกลับ HuangLao's Avatar
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    Quote Originally Posted by nidhogg View Post
    Sure are a lot of bunched panties over there, a lot of whom think this is some deep dark plot to get the farangs out of Thailand.

    Me? I think its more of the same. My experience is that Thailand has a lot of highly convoluted regulations on many matters, all of which fail to do what they are supposed to do.

    The first thing was to try and fix the gap left by some embassies not issuing letters, while to me, this looks simply like ham-fisted attempt to do away with people borrowing money to make it appear as though they have the required funds to stay.

    As always, people try to play the system and so another layer of regulations gets put in place to try and stop that. People will again find a way to apparently comply with the regulations while not actually meeting the regulations, and so later another layer of regulations will be slapped on top.

    Sadly, people will get caught in the system - and they should not blame the Thais completely - they should blame the people who have played the system resulting in the Thais having to paper over the cracks yet again.

    We have a perfect example on this board. Someone who "works" without a work permit. What ever loophole or crevice in the regulations he is exploiting will eventually be papered over -resulting in more inconvenience to all the thousands of farangs who were in complete compliance with the law.
    Well said, Nidhogg....

  16. #41
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    Quote Originally Posted by nidhogg View Post
    Me? I think its more of the same. My experience is that Thailand has a lot of highly convoluted regulations on many matters, all of which fail to do what they are supposed to do.

    The first thing was to try and fix the gap left by some embassies not issuing letters, while to me, this looks simply like ham-fisted attempt to do away with people borrowing money to make it appear as though they have the required funds to stay.

    As always, people try to play the system and so another layer of regulations gets put in place to try and stop that. People will again find a way to apparently comply with the regulations while not actually meeting the regulations, and so later another layer of regulations will be slapped on top.

    Sadly, people will get caught in the system - and they should not blame the Thais completely - they should blame the people who have played the system resulting in the Thais having to paper over the cracks yet again.
    I think this exactly right Nidhogg. There will be collateral damage as grey areas are identified and patched, its nothing more than that. I suspect that there are hundreds of cases that are reviewed about expats "working the loopholes". I mean we (us) have no idea how many expats get caught all over Thailand on a daily, weekly, monthly basis for non compliance. When I was in renewing my annual extension there was some guy in there that was flat full of crap about his stamp not being in his book and was an over stayer by 45 days. The immigration officer was not buying his story. He blamed some immigration offer in Mae Sot not stamping his passport blah blah.

    To your point, the rules changes are not discriminatory by race nor are they singling out a certain group. They put the new rules out there and if you can comply then do so. If not, well then that individual should make plans to exit to another destination. I know quite a few that even though married, chose to use the retirement Visa extension as it was easier and they felt all the pictures, documents etc were a pain in the ass. It takes my wife and I about 1 hr to put it all together (I have her doing it a template so all we have to do is sign them basically). We stopped at the bank prior to our appt and I got a statement from my SCB for the balance and off we went. Really not to complicated.

  17. #42
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    Quote Originally Posted by headhunter View Post
    after fridays experiance at the LH BANK korat where i have several accounts [7yrs].are the banks in CAHOOTS with immigration,the bank wouldn't let me open another fixed deposit acc.without a letter from immigration confirming my address.last one cost me 500bht.its only 8weeks ago they done my letter confirming my 800k.was still in a fixed term,been there for over 6yrs.and January they gave me my tax withheld certificates for tax refunds.so anyone else who gets aggravation from their bank POST IT HERE.
    I am waiting for a reply from LH.at bkk.
    There shouldn't be any fabricated conspiracies to ponder, HD.
    Financial institutions have always been in line with government policies, especially regarding such issues as related to Farang and associated things.
    It is what it is.

    There are alternatives for resident Farang that many don't pursue, though drawbacks would be considered inconvenient compared to the already complicated and angst notion of pursuing the standard non-imm [O,B, etc] visas.

  18. #43
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    Quote Originally Posted by RPETER65 View Post
    As I go to the U.S. every six months I will do the same,it’s not that big of a deal,to cross the border once in six months.I have a good friend from high school days who moved to Panama,says he loves it.
    Panama is first on my list to live if Thailand continues to play immigration games.

  19. #44
    Thailand Expat Pragmatic's Avatar
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    Quote Originally Posted by JPPR2 View Post
    I suspect that there are hundreds of cases that are reviewed about expats "working the loopholes".
    What jobs are all these expats supposed to be working at/on? I'm lost on this. If some farang is working then he's not going to get more than the Thai equivalent. So what stupid farangs would want to work for the Thai rate?

  20. #45
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    Quote Originally Posted by Pragmatic View Post
    What jobs are all these expats supposed to be working at/on? I'm lost on this. If some farang is working then he's not going to get more than the Thai equivalent. So what stupid farangs would want to work for the Thai rate?

    Pragmatic
    I don't think he means that they are actually working as in being employed.
    I believe he means that they are putting in effort (working) at exploiting the loopholes rather than just abiding by the rules.
    I think it just the same as the rich in western countries are always working the loopholes that exist to avoid paying their fair share of tax.
    Hope that clears it up.

    By the way I do know of at least 1 who would work for the Thai rate. My missus once said to me Thailand is a nice place to live if you have money but try living here if you don't have any money.

  21. #46
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    Quote Originally Posted by David48atTD View Post
    ???????
    The ONLY grandfathering mentioned was people who were on retirement extensions and were already 60 y/o on Oct 21st 1998 <- those people show 20K baht a month in income OR 200K baht banked. AND people who were between 55 and 60 on Oct 21st 1998 <- those people show 50K baht OR 500K baht banked. BUT they have had to be on unbroken yearly extensions of stays since that date <- meaning they have 20+ yearly extensions and have never "broken the chain" since then.

    AT THIS TIME <- meaning right now, NO provision for grandfathering people in under the current system is in place AND the changes that take effect on March 1st will affect EVERYONE on a yearly extension based on retirement.

  22. #47
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    Quote Originally Posted by ootai View Post
    Pragmatic
    I don't think he means that they are actually working as in being employed.
    I believe he means that they are putting in effort (working) at exploiting the loopholes rather than just abiding by the rules.
    I think it just the same as the rich in western countries are always working the loopholes that exist to avoid paying their fair share of tax.
    Hope that clears it up.
    Thanks Ootai, that's exactly what I meant by my post.

  23. #48
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    Quote Originally Posted by ootai View Post
    I agree with the idea that my Thai wife should be able/allowed to support me. That is I put the 400K in a Thai bank in my name but then I shouldn't have to show what I live on but rather what we live on which would include her money. I struggle with the notion that they cannot accept that her money and my money is really "our" money.
    I deliberately transferred my salary into her account for over 6 years so that if I died there would be no issues with her having to go to a court to get it and it would have prevented my family making any claim to it in the event of my dying.

    The sad part is when I went to my bank (Kasikorn) to get a receipt to show the a deposit was an International transfer I was connected to the Bangkok office by the locals (who couldn't help me) and the numpty in Bangkok told me to go to my bank and they could give me a receipt, I would have loved to seen his face when I told him "you are my bank" as he couldn't provide it to me.

    Personally I am just going to continue to get the missus to transfer money from her account to my account whenever it gets down close to the magic 400K. Time will tell if they (Immigration) then want me to prove it was sent from overseas.

    I suppose when they ask what do I live on I could say I just catch rats, frogs, snails and insects to eat and we grow our own rice to eat with them.
    I am with you 100%,we lived in the uk.and sold up everything when we moved here permanently,house bought 6million,assets in the wifes name total over 15mill.,but they immigration insist that the marriage or retirement money has to be in my name only,but your wife must play a big part in obtaining extension of stay.home,photo's ect.
    we have been married for over 30yrs.so I am happy for her to have 95% of everything[wills made in Thailand] but dam it if I am expected to feed the greed of ins.co's and all them that treat us like some lump of shit on the bottom of your shoe's.i have already had a guts full of my bank LH.been a customer for over 8yrs.and have 95% of our cash there aswell.yet they insisted that if I wanted to open another acc.i have to get permission from immigration.before anyone say's why don't you move to another country,it took us many yrs.to find the right place to live and I am VERY HAPPY with where we choosed.and at 74yrs.old that would be a NO NO.so them that keep treating us like fools,that have spent many millions of baht over the past and present and have NEVER broke the rules and went along with the stupid idea's that they dream of can do what the katoey's do. GO AND F-K YOURSELVES.

  24. #49
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    Quote Originally Posted by ootai View Post
    Personally I am just going to continue to get the missus to transfer money from her account to my account whenever it gets down close to the magic 400K. Time will tell if they (Immigration) then want me to prove it was sent from overseas.
    Plenty of good info available. No need to wait for their reaction, unless you miss some excitement in your life & want something to moan about later.

  25. #50
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    Quote Originally Posted by headhunter View Post
    yet they insisted that if I wanted to open another acc.i have to get permission from immigration..
    "Permission" from immigration seems unlikely. I do know that when I wish to open a new bank account I need a letter from my employer. Think the letter merely states my employment and length of time I have been employed. I would think they merely want a letter supporting your residence status (and possibly proof of address).

    Quite honestly, Thais do not do anything without ridiculous amounts of supporting paperwork. Its part of the cover your ass mentality here.

    Time after time I have to remember that things are NOT directed at me personally - it just feels that way some times.

    One more point - my bank limits foreigners to a maximum of three accounts - not the same for Thais of course who do not have the same limit (as far as I am aware they can open as many as they want).

    Again, I needed to remind myself that this was not personally directed at me.

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