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Pension payments to US bank

Pension payments to US bank

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Old Jul 11th 2018, 11:30 pm
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Default Pension payments to US bank

H.M. Government requires me to have a US bank account capable of receiving payments directly from them, rather than going through another bank. Doesanyone have any recommendations?
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Old Aug 8th 2018, 8:24 pm
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Default Re: Pension payments to US bank

If youre already in the USA no problem , otherwise you are going to come up against money laundering laws and it will be very difficult to proceed
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Old Aug 9th 2018, 1:59 pm
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Default Re: Pension payments to US bank

Originally Posted by martinpl
H.M. Government requires me to have a US bank account capable of receiving payments directly from them, rather than going through another bank. Doesanyone have any recommendations?
My UK pension is sent directly into my Bank of America account with no problems. Why not see if wherever you currently bank is appropriate? You'll be told if it isn't.
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Old Aug 9th 2018, 2:39 pm
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Default Re: Pension payments to US bank

Originally Posted by martinpl
H.M. Government requires me to have a US bank account capable of receiving payments directly from them, rather than going through another bank. Doesanyone have any recommendations?
Not enough information to respond clearly. Are they sending GBP or USD?

State Retirement Pension handles this seamlessly with few issues. Maybe you are referring to some other government employment pension.

If you are in the US your existing bank is the obvious starting point.

Transferwise Borderless Account alsoseems to be an option in these situations.
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