The new requirements are reportedly aimed at ending the practice of visa agents falsifying bank statements for foreigners who do not have enough money to meet the financial demands for a retirement visa extension. It was previously acceptable for foreigners to only show Bt800,000 in the bank at the time of application, with no time limit. Foreigners must still be able to show Bt800,000 baht in a Thai bank two months before the application for the retirement extension.According to the new police order, the requirements are:1. The alien can withdraw the funds three months after being granted permission and the remaining balance must be no less than Bt400,000 or;5. The new requirements to keep Bt400,000 in the bank for three months after the retirement visa is granted is effective from March 1, 2019.

Source: The Nation Bangkok February 01, 2019 13:52 UTC