Claiming UK State Pension when living in the USA
I live in California and I am in the process of claiming my UK State Pension....Could anyone advise me on which is the 'best' bank to have the UK State pension paid into....regarding exchange rates, fees, charges etc....and of course pitfalls or bad experiences anyone has experienced. Thank you.
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Re: Claiming UK State Pension when living in the USA
Originally Posted by 4REENZO
(Post 11841487)
I live in California and I am in the process of claiming my UK State Pension....Could anyone advise me on which is the 'best' bank to have the UK State pension paid into....regarding exchange rates, fees, charges etc....and of course pitfalls or bad experiences anyone has experienced. Thank you.
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Re: Claiming UK State Pension when living in the USA
Thanks....I have an account with the USBank....but was informed that 'their' exchange rates are very poor, and possibly a fee will be charged on every transfer each month...I was wondering if anyone had 'good' experiences....with another bank that could be recommended.
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Re: Claiming UK State Pension when living in the USA
Originally Posted by 4REENZO
(Post 11841526)
Thanks....I have an account with the USBank....but was informed that 'their' exchange rates are very poor, and possibly a fee will be charged on every transfer each month...I was wondering if anyone had 'good' experiences....with another bank that could be recommended.
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Re: Claiming UK State Pension when living in the USA
Originally Posted by 4REENZO
(Post 11841526)
Thanks....I have an account with the USBank....but was informed that 'their' exchange rates are very poor, and possibly a fee will be charged on every transfer each month...I was wondering if anyone had 'good' experiences....with another bank that could be recommended.
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Re: Claiming UK State Pension when living in the USA
Thanks for that...I was thinking about opening an account with Citi Bank...there is a thing called the "Citi Foreign Currency Deposit Account"... I am not sure if this would help but it was something to work on, having said that...I noticed another poster had problems with Citi changing the Pension deposits to a wire transfer from the ACH method which incurred costs after two years of trouble free transfers.....
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Re: Claiming UK State Pension when living in the USA
Originally Posted by 4REENZO
(Post 11841553)
.... I noticed another poster had problems with Citi changing the Pension deposits to a wire transfer from the ACH method which incurred costs after two years of trouble free transfers.....
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Re: Claiming UK State Pension when living in the USA
I am not sure of the details...I was under the impression he was having his pension paid into a Citi bank branch...and they screwed up.....so...would you recommend the Citi bank...??....
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Re: Claiming UK State Pension when living in the USA
It is immaterial as far as the exchange rate which US bank you have an account with. I think it was far from conclusive that Citi bank was in fact the one who changed the payment method in the case you mentioned. The person that posted that also stated that the transfer seem to go through an intermediary bank, no-one else on BE has reported a similar problem. Citi and US Bank are both members of the Automated Clearing House (ACH) system so there shouldn't be a charge.
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Re: Claiming UK State Pension when living in the USA
So...it sounds like you are in favour of Citi Bank....are you familiar with the Citi Foreign Currency Deposit Account.......is that a way to progress....?
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Re: Claiming UK State Pension when living in the USA
Originally Posted by 4REENZO
(Post 11841561)
I am not sure of the details...I was under the impression he was having his pension paid into a Citi bank branch...and they screwed up..
...so...would you recommend the Citi bank...??.... |
Re: Claiming UK State Pension when living in the USA
Thanks for that...very much appreciated.....
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Re: Claiming UK State Pension when living in the USA
Originally Posted by 4REENZO
(Post 11841569)
So...it sounds like you are in favour of Citi Bank....are you familiar with the Citi Foreign Currency Deposit Account.......is that a way to progress....?
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Re: Claiming UK State Pension when living in the USA
Originally Posted by 4REENZO
(Post 11841573)
Thanks for that...very much appreciated.....
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Re: Claiming UK State Pension when living in the USA
Thanks everyone for giving their great advice...its been very helpful....very much appreciated ......Dave.
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