UK state pension- bank charges?
Apr 18th 2018, 4:15 am
#1
Forum Regular
Thread Starter
Joined: Sep 2009
Location: Edmonton, Alberta
Posts: 141
UK state pension- bank charges?
Hi
Do Canadian banks charge a fee for receiving your UK state pension?
I keep getting different answers at my bank and others to this.
Some say it is a wire transfer each month and therefore a fee of between $14 to $17 is applied.
Others say it is an electronic transfer and therefore there is no cost.
Do Canadian banks charge a fee for receiving your UK state pension?
I keep getting different answers at my bank and others to this.
Some say it is a wire transfer each month and therefore a fee of between $14 to $17 is applied.
Others say it is an electronic transfer and therefore there is no cost.
Apr 19th 2018, 11:56 pm
#2
Account Closed
Joined: Mar 2017
Posts: 0
Re: UK state pension- bank charges?
UK State pension is paid monthly (not available weekly as it is in the uk) by direct electronic transfer, HMRC also converts it to $CAD before they send it using the exchange rate on the day of transfer. I have never incurred any charges.
Apr 20th 2018, 9:36 pm
#3
Forum Regular
Joined: May 2016
Posts: 56
Re: UK state pension- bank charges?
You can do it yourself and get a better rate. I use UKForex and have it transferred direct to my account with Scotiabank. No charges either end.
Apr 21st 2018, 3:45 pm
#4
Forum Regular
Thread Starter
Joined: Sep 2009
Location: Edmonton, Alberta
Posts: 141
Re: UK state pension- bank charges?
Thank for the info.
