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  1. #51
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    not sure has this been discussed,800k.for 3months after extension has been granted.
    after that date you can draw down 400k.
    till your next extension date the fund MUST not be below 400k.
    this is my question what date has the balance of 800k got to be made up,before your next extension.as it is now,2or 3 months.this means that for most who will draw down funds from their fund of 800k.its goner be tied up for 12months out of 18.
    so for them that will find it tough going,it will be best to go the marriage route. 400k in and not touching it,but it still means another trip to immigration,and maybe another letter from your bank showing the funds have not been touched.
    as my 800k.hasnt been touched for 7yrs.i will still have to go to imm.with proof,that will be an extra taxi fare there and back.++

  2. #52
    Thailand Expat Pragmatic's Avatar
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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 disagree. If you don't transfer monies into Thailand every year/month then you must be working/employed here. That's how I think they see it.

  3. #53
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    Quote Originally Posted by Pragmatic View Post
    If you don't transfer monies into Thailand every year/month then you must be working/employed here.
    I don't need 65k a month here, do you?

  4. #54
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    Quote Originally Posted by nidhogg View Post
    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).
    Along these lines my wife just got this tid bit of bank weirdness the other day. So typically we buy everything on our Thai credit card (KTB) (except food locally) and then at the end of the month pay it off. I used this method in the states for years and I get all the bonuses and rewards and pay no interest. My wife liked the idea so we opened up the KTB acct. Last week when we went into to pay the bill she was told anything over a 20K payment requires forms for the govt. So she had to make 2 payments separately because the balanced owed was over 20k bht.

  5. #55
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    Quote Originally Posted by JPPR2 View Post
    Along these lines my wife just got this tid bit of bank weirdness the other day. So typically we buy everything on our Thai credit card (KTB) (except food locally) and then at the end of the month pay it off. I used this method in the states for years and I get all the bonuses and rewards and pay no interest. My wife liked the idea so we opened up the KTB acct. Last week when we went into to pay the bill she was told anything over a 20K payment requires forms for the govt. So she had to make 2 payments separately because the balanced owed was over 20k bht.
    Never, ever heard that - and I regularly pay 50k or more at one time.

    Most often I now pay in 7/11 - quicker and easier than the bank. However, the limit is "less than 50K" in one payment so 49,900 does the trick

  6. #56
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    As with everything in Thailand, the rules are different wherever you go. Banks are no different. I tried several times to open a Bank of Bangkok account in Udon Thani and told "can not." Last month, while in Hua Hin, I opened an account at Bluport. All they needed was my passport and telephone number. The moral is not to give up or believe anything you are told. Keep trying until somebody says "can."

  7. #57
    Thailand Expat Pragmatic's Avatar
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    Quote Originally Posted by stroller View Post
    I don't need 65k a month here, do you?
    Your point is?

  8. #58
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    Thai monkeys say jump, white monkeys jump

  9. #59
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    Quote Originally Posted by rickschoppers View Post
    Last month, while in Hua Hin, I opened an account at Bluport.
    Now you're chances are good to 'transfer' that account to a branch in UT.

  10. #60
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    Quote Originally Posted by Pragmatic View Post
    Your point is?
    Although I can't show the required transfers, I do not work here. But I do 'work' the loopholes.

  11. #61
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    Quote Originally Posted by toddaniels 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.
    Thanks TD

  12. #62
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    Todd,

    Looking at the police order of January 2019 it seems that there is now only two methods of qualifying for a retirement extension: either the 65,000 baht monthly income route or the lump sum alternative. A combination is no longer an option. Furthermore, there is no mention of how the monthly route is to be implemented, whether one's embassy can still verify or not.

    No wonder the various offices are scrambling for clarification.

    Can you confirm from your Laksi contacts just what is going on?

    Clearly, if combination is no longer an option, then hundreds, if not several thousands, are going to be affected.

  13. #63
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  14. #64
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    Quote Originally Posted by Seekingasylum View Post
    Todd,

    Looking at the police order of January 2019 it seems that there is now only two methods of qualifying for a retirement extension: either the 65,000 baht monthly income route or the lump sum alternative. A combination is no longer an option. Furthermore, there is no mention of how the monthly route is to be implemented, whether one's embassy can still verify or not.

    No wonder the various offices are scrambling for clarification.

    Can you confirm from your Laksi contacts just what is going on?

    Clearly, if combination is no longer an option, then hundreds, if not several thousands, are going to be affected.
    And those thousands will end up either leaving, overstaying, or feeding corrupt IOs, which defeats the cunning plan of these measures to reduce corruption.

  15. #65
    Thailand Expat Pragmatic's Avatar
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    Quote Originally Posted by jabir View Post
    feeding corrupt IOs
    That's the first thing to get sorted out. The police have now to wear 'GoPro' cameras on their helmets when doing traffic stops and that seems to have helped in them not obtaining tea money. May be for immigration the fitting of online webcams in their offices may help?

  16. #66
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    No, I'm talking abut something else entirely. The new Police Order supersedes that bollocks.

    The new order implies there is no combination route available. Whether that is restricted to those applicants whose embassies no longer provide income verification letters or also applies to all applicants is not made known. Other visa agencies elsewhere have raised the very same point and are trying to get clarity for their clients. I am asking Todd for the same via his Laksi contact.

  17. #67
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    This new order is a mess and the product of minds that clearly have no concept of what it entails. They are in fact demanding a minimum amount in excess of a million given that the 800k must remain on deposit for a 6 month period. Similarly if they are still demanding that 65,000 is transferred monthly then it would mean a gross monthly income of around 85,000 is now required.

    Relating that to British residents with income/savings denominated in Sterling it means a lump sum commitment of 25,000 for sic months or an annual gross income of the same. The question remains, just what the fuck would a pensioner living alone in his own property in a third world country spend it on? That income in fact is way in excess of the average pension available to the majority pensioners living in Britain.

    It is so mind boggling stupid but there it is.
    When they stopped the visa-running regime the number of Europeans in Thailand fell off the cliff, a phenomenon that was felt everywhere when the usual expat haunts gradually lost their customer base leaving an ever more noticeable rump of we ageing grunters on retirement/spouse extensions. It is clear that those numbers are going to be depleted even more as retirees sans spouse are forced out.

    Certainly, Brits facing an exchange rate of 40 baht are in trouble.

  18. #68
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    Quote Originally Posted by Seekingasylum View Post
    This new order is a mess and the product of minds that clearly have no concept of what it entails.

    The question remains, just what the fuck would a pensioner living alone in his own property in a third world country spend it on?

    Certainly, Brits facing an exchange rate of 40 baht are in trouble.
    In order

    1. They don't care
    2. Why don't you tell us your experience
    3. I'm sorry to hear that

    Next.

  19. #69
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    ...^...pithy: I like that in a stinging retort...

  20. #70
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    SeekingAss, the message is clear, they want farangs to fook off and for good reasons, the country might not be safe politically for the next decade

    don't want farangs casualty and farang witnesses

  21. #71
    Thailand Expat Pragmatic's Avatar
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    I'm really sorry for your predicament 'TheGents' and I can honestly say I hope things turn out okay at the end of the day. All joshing aside, things are looking to be difficult for all.

  22. #72
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    Quote Originally Posted by Seekingasylum View Post
    Brits facing an exchange rate of 40 baht are in trouble
    1,625 transferred monthly into a Thai bank account seems the way to go.

  23. #73
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    All these people moaning about the new rules is obtaining a years multi entry non imm O in Penang or Laos not an option and border runs every 3 months. Especially for those living in Pattaya would give you something to look forward to every 3 months.

  24. #74
    Thailand Expat Pragmatic's Avatar
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    Quote Originally Posted by buriramboy View Post
    All these people moaning about the new rules is obtaining a years multi entry non imm O in Penang or Laos not an option and border runs every 3 months. Especially for those living in Pattaya would give you something to look forward to every 3 months.
    But age is against most and the ability to travel isn't going to last forever. So what happens then? Is there a plan B for that happening?

  25. #75
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    Quote Originally Posted by Dragonfly View Post
    SeekingAss, the message is clear, they want farangs to fook off and for good reasons, the country might not be safe politically for the next decade

    don't want farangs casualty and farang witnesses
    Indeed, thought crossed my mind with the election in the pipeline.

    Might get a proper coup this time, which will see peace and a puppet government for a generation.

    Flights are going down in price to Thailand because of this uncertainty.
    I've cancelled my plans for a trip to Thailand this year prefering a safer nearer destination.

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