UK State pension paid direct to USA
Jul 25th 2010, 7:02 pm
#1
Thread Starter
Joined: Apr 2005
Location: Milwaukie, Oregon
Posts: 9,966
UK State pension paid direct to USA
The wife is due to start collecting her UK pension in a few months. I had planned to have it paid into our UK bank but there is an option for them to pay it direct to our US account.
Does anyone do this, if so what is the exchange rate like compared to HiFX etc, are there intermediary bank charges and wire transfer charges or does the Pension Service have some arrangement to overcome this?
Does anyone do this, if so what is the exchange rate like compared to HiFX etc, are there intermediary bank charges and wire transfer charges or does the Pension Service have some arrangement to overcome this?
Jul 26th 2010, 8:53 pm
#2
BE Enthusiast
Joined: May 2008
Posts: 572
Re: UK State pension paid direct to USA
Mine comes through a bank in New Orleans. Pension service pays transfer and wire charges. Don't know how the rate compares, but I was told that it is comparable.
Jul 26th 2010, 9:34 pm
#4
Joined: Mar 2003
Posts: 68,280
Re: UK State pension paid direct to USA
Too young to think about that yet ....
You'll get there sooner than you think with your riotous living.
