Pension Direct Deposit from UK
#1
Just Joined
Thread Starter
Joined: Mar 2011
Location: Santa Ynez Valley CA
Posts: 27
Pension Direct Deposit from UK
OH will be receving his OAP in July. Have been filling out the paperwork and went into the bank today for the their information for the Direct Deposit into our checking account. I was told that we do not need the IBAN and their BIC and branch code will work, is this correct and has anyone done it this way.
#2
Forum Regular
Joined: Mar 2013
Location: Madison, Ct
Posts: 39
Re: Pension Direct Deposit from UK
Correct
BIC is all that's required with your routing number and account number.
IBAN not part of the process and not needed
Just did this starting in January
BIC is all that's required with your routing number and account number.
IBAN not part of the process and not needed
Just did this starting in January
#3
Re: Pension Direct Deposit from UK
+1. IBAN not needed for the US. I've been receiving the payment this way for a few years without a glitch.
#4
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Joined: Mar 2011
Location: Santa Ynez Valley CA
Posts: 27
Re: Pension Direct Deposit from UK
Thank you for your replies
#5
Re: Pension Direct Deposit from UK
ETA I see that IBANs are now operative in Brazil, Costa Rica, and Guatemala, and have spread across Francophone Africa, from Algeria, Niger, and the Ivory Coast, plus others in West Africa, to Madagascar. And also the former Portuguese colonies of Angola and Mozambique. The spread into Asia has moved only as far as Pakistan.
Last edited by Pulaski; Apr 19th 2014 at 2:56 am.
#8
Re: Pension Direct Deposit from UK
OH will be receving his OAP in July. Have been filling out the paperwork and went into the bank today for the their information for the Direct Deposit into our checking account. I was told that we do not need the IBAN and their BIC and branch code will work, is this correct and has anyone done it this way.
Thanks, everyone!
#9
Just Joined
Thread Starter
Joined: Mar 2011
Location: Santa Ynez Valley CA
Posts: 27
Re: Pension Direct Deposit from UK
Nun, yes I have filled out Form US Individual 2002, I would not have known about it but for this site. Mine of information.