# · 6 months ago

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

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

Are you a retired expat looking to live in Thailand but struggling to open a bank account and apply for a Non-Immigrant O visa? For instance, you may be unsure about the requirements for proof of permanent residence in Canada or confused about the health insurance requirements for your visa application. Don’t worry, we’ve got you covered. Read on to find out the step-by-step process to overcome these hurdles and make your dream of living in Thailand a reality.

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!