Can you get a 10-year OX visa without a Thai bank account?

When you review the OX visa, with the main requirement being a Thai bank account, you may wonder how to obtain one since recent Thai regulations state that tourist visa holders cannot open one. Indeed, securing an OX visa necessitates having a Thai bank account. Let's explore available options and gain a deeper understanding of the OX visa.

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What is the OX Visa?

The OX Visa, also known as the Thailand 10-Year Retirement Visa - Non-immigrant OX visa, is tailor-made for those aged 50 and above who need an extended stay in Thailand. This visa grants you the freedom to enjoy up to 5 years per entry, with a total maximum duration of 10 years. It's the perfect option for those seeking a prolonged retirement experience in the Land of Smiles.

Who Can Get It?

If you're 50 years or older and are from Japan, Australia, Denmark, Finland, France, Germany, Italy, the Netherlands, Norway, Sweden, Switzerland, the United Kingdom, Canada, or the United States of America, you're in luck! To qualify, you must meet one of the following financial criteria:

  • Maintain a fixed deposit of no less than 3 million Baht in a Thai bank account.
  • Possess a fixed deposit of no less than 1.8 million Baht alongside an annual income of no less than 1.2 million Baht.
  • Having a health Insurance issued by a insurer in Thailand with outpatient benefit of no less than 40,000 THB and inpatient benefit of no less than 400,000 THB

Where Can You Get It?

Obtaining the OX Visa is a breeze. You can apply through your local Thai embassy, select online visa websites (available in some countries), Thai Immigration offices, or with assistance from Thai Kru.

What Are the Required Documents?

The paperwork is straightforward. You'll need your passport, a passport-sized photo, a biography, flight booking details, financial evidence meeting the specified criteria, a medical certificate, a criminal record certificate, health insurance, proof of residence, and documentation confirming your accommodation arrangements in Thailand.

How Can I Get a Thai Bank Account?

You might be wondering why you need a Thai bank account and how to get one, especially since you can't open one on a tourist visa. Don't fret! Thai Kru can ease all your concerns. Simply contact us to help you open a Thai bank account while you're here just traveling. Then, you can go back to your home and consider if you really want to retire in Thailand. 

Alternatively, you can try the retirement OA visa first, which grants you a 1-year stay in Thailand. You can obtain this visa from your home country as well. Consider it a trial period. If you fall in love with Thailand and are certain this is where you want to spend your retirement, you can use the non-immigrant OA visa to open a Thai bank account and deposit money to meet the OX visa requirements. And that's it!

Can I bring my spouse or dependents on this visa?

Certainly, once you have obtained your Retirement Visa, you can include your spouse and children to be dependent on your retirement visa. They can apply for a Non-O immigrant visa, but it’s important to note that the Retirement Visa must be approved first; the visa applications cannot be submitted simultaneously.

What are the benefits of a non-immigrant OX visa?

  • Extended Stay: Revel in up to 10 years of blissful retirement in Thailand, with each entry allowing you to stay for up to 5 years.
  • Financial Flexibility: Choose between maintaining a fixed deposit or showcasing a combination of savings and income to meet the financial requirements.
  • Healthcare Coverage: Ensure peace of mind with health insurance coverage, safeguarding against unforeseen medical expenses during your stay.
  • Investment Opportunities: Own a piece of paradise by purchasing a condominium in Thailand. With the OX Visa, you can invest in your dream property and enjoy the benefits of homeownership in a tropical paradise.
  • Mobility: Experience the freedom of exploring Thailand at your own pace by purchasing a car. With the OX Visa, you can navigate the country's scenic landscapes and vibrant cities with ease.
  • Professional Assistance: Simplify the application process with professional guidance every step of the way, from document verification to submission, all for a reasonable service fee.

Do I have to do 90-day reporting?

Yes. Like the standard retirement visa, you have to report to immigration every 90 days

In conclusion, while many may not need a 5-year visa because they travel home often or can handle yearly extensions, it can be helpful for those who find it hard to move around. Also, for people with a lot of money, depositing 3 million THB in a Thai bank is no big deal if it means avoiding yearly extensions. The option with 1.8 million THB deposit or 1.2 million THB income is less of a commitment. If you just want a visa for 10 years and don't want to deal with extensions, it can save time, especially with online reporting every 90 days. This might be easier than extending a retirement visa every year.

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