Requirement of 800,000 Baht in the bank for A-O Visa 2022.

[Tablewine]

 

The requirement for the A-O visa is 800,000 Baht in the bank or 65,000 Baht per month.

I have been told once you have deposit 800,000 Baht in the bank you have been grandfathered in the system. If there is an increase to 1,292,000 Baht you have to show your original paper statement the 800,000 Baht when you apply for your new retirement visa for the next year.

Is this a correct statement, please advise?

 

[ericthai]

Where did you hear the amount is going to increase?

Thailand laws keep on changing so there's no guarantee that it will be grandfathered.

If Thailand wanted to get rid of too many retirees draining their resources, they could just raise the amount and not grandfathered the existing retirees.

So just be prepared to put in more money.

Edited May 2, 2022 by ericthai

[Faz]

You mean applying for an extension of stay at Immigration (a permit, not an O-A Visa).
The financial requirements you mention are based on retirement.

The last time Immigration increased the financial requirements, they grandfathered requirements for those who had stayed consecutively prior to 1998.

(6) An alien who entered the Kingdom before October 21, 1998 and has been consecutively permitted to stay in the Kingdom for retirement shall be subject to the following criteria:
(a) Must be 60 years of age or over and have an annual fixed income with fluids maintained in a bank account for the past three months of no less than Baht 200,000 or have a monthly income of no less than Baht 20,000 (b) If less than 60 years of age but not less than 55 years of age, must have an annual fixed income with funds maintained in a bank account for the past three months of no less than Baht 500,000 or have a monthly income of no less than Baht 50,000
327-2557 (2014) - Criteria for extension ENG.pdf  Section 2.22

There is no guarantee they would grandfather any further increases, although probable.
 

1 hour ago, Tablewine said:

If there is an increase to 1,292,000 Baht

Where on earth did that figure come from?

[drkenchao]

1292000 baht bank deposit for OA retire visa to be announced? on immigration website? can you posted it? very worried

[Faz]

11 hours ago, drkenchao said:

1292000 baht bank deposit for OA retire visa to be announced? on immigration website? can you posted it? very worried

The requirement is 800,000 baht.
There has been no proposal to increase it.

[Thaidup]

On 5/2/2022 at 8:30 PM, Tablewine said:

I have been told once you have deposit 800,000 Baht in the bank you have been grandfathered in the system

Told by who?

[Faz]

On 5/2/2022 at 8:30 PM, Tablewine said:

If there is an increase to 1,292,000 Baht

I think you're confusing the 800K funds in the bank, with the proposed new Health Insurance requirement for 3m Baht for extension applications from an O-A Visa entry.

[Tod-Daniels]

Okay, this sure caused a sh*t storm (as people were mentioning it on f/b visa groups)
There is NOTHING in the works that says that the financial requirements for yearly extensions of stays based on retirement (which you get from either an O or an OA visa entry) is going to be increased

There will be an increase of the financial requirements to BUY an OA visa at the thai consulate in your country from 800K to 1.2million baht
AND
it was listed on the thai consulate in Los Angeles website for a while but they put it back to 800K baht now. That increase has nothing to do with getting yearly extensions inside the country

The last time they did change the financial requirements (back in Oct 1998 during the financial crash when the baht tanked) they DID grandfather the people who have been on unbroken yearly retirement extensions in from that date, but you could never let the year extensions lapse or it'd go back to the 800K baht it was moved to.
At this time I sure wouldn't worry about it as there has been nothing announced officially AT ALL, not even from a press hogging thai gov't worker who wants his name in the news     

[DwizzleyMatthews]

Maybe the op @Tablewine can post where he got this obscure information from ?

Government website, immigration officer or bar stool chitchat …….. would be interesting to know the origin of this rumour .