How to Open a Bank Account and Apply for a Non-Immigrant O Visa in Thailand as a Retired Expat

As a retired expat looking to live in Thailand, you’re likely to face a few challenges when it comes to opening a bank account and applying for a Non-Immigrant O visa. But don’t worry, we’re here to guide you through the process.

Opening a Bank Account in Thailand

First things first, you’ll need to open a bank account in Thailand. This can be a bit tricky, as some banks have changed their requirements over the years. For example, Kasikorn Bank used to allow foreigners to open a savings account with a 10,000 baht deposit and a work permit or proof of retirement. However, this is no longer the case.

One of the most foreigner-friendly banks in Thailand is Bangkok Bank. They allow foreigners to open accounts if they meet certain requirements. You can visit their website to find out more and to locate a branch near you.

Applying for a Non-Immigrant O Visa

Now that you have a bank account, you can start applying for your Non-Immigrant O visa. This visa is specifically designed for retired expats who want to live in Thailand for an extended period.

To apply for a Non-Immigrant O visa, you’ll need to fill out the application form on the Thai e-Visa website. You’ll need to provide proof of permanent residence in your home country, financial evidence, and health insurance.

Here are the steps you need to follow:

1. Proof of Permanent Residence: You’ll need to provide proof of your address in your home country. This can be a bank statement, tax return, or utility bill. If you’re renting a room in a house, you may need to provide a letter from your landlord.
2. Financial Evidence: You’ll need to provide proof of your income or savings. This can be a copy of your pension statement or a bank statement showing your income from your pension.
3. Health Insurance: You’ll need to purchase health insurance that covers you for at least 40,000 THB for outpatient care and 400,000 THB for inpatient care. You can purchase this insurance from a Thai insurance company or an international insurance company that covers you in Thailand.

Some recommended insurance providers include:

• Mr. Prakan Insurance
• Tune Protect

Additional Requirements

In addition to the above requirements, you’ll also need to upload a selfie of yourself holding your passport. This is to verify your identity and to prevent human trafficking.

Tips and Recommendations

• Make sure you read the application form carefully and fill it out correctly.
• Use a reputable insurance provider that meets the requirements.
• Don’t hesitate to reach out to the Thai embassy or consulate in your home country if you have any questions or concerns.
• Consider using a visa service to help you with the application process.

By following these steps and tips, you should be able to successfully open a bank account and apply for a Non-Immigrant O visa in Thailand. Good luck!