UK state pension paid into US credit union?
Sep 16th 2013, 5:16 pm
#1
Just Joined
Thread Starter
Joined: Jan 2005
Posts: 2
UK state pension paid into US credit union?
Does anyone have their UK state pension paid into a US credit union? If so, was there any problem with it not being a 'bank'?
Sep 16th 2013, 5:37 pm
#2
Joined: Apr 2005
Location: Milwaukie, Oregon
Posts: 9,966
Re: UK state pension paid into US credit union?
I don't have my State pension paid into my US credit union account, but I do transfer money from the UK into both a credit union account and sometimes a bank account. There is no difference between a US bank and credit union when it comes to transferring money from the UK. They both use account numbers and an IBAN number to identify the bank. Hope that helps.
Sep 16th 2013, 6:10 pm
#3
Just Joined
Thread Starter
Joined: Jan 2005
Posts: 2
Re: UK state pension paid into US credit union?
Thanks mate!
Sep 16th 2013, 9:29 pm
#4
The Unmod
Joined: Jul 2005
Location: Glen Mills, PA
Posts: 8,870
Re: UK state pension paid into US credit union?
I have mine deposited to my USA brokerage account, same thing. They say it is cheaper because they benefit from changing very large amounts of currency to dollars.
