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Which account for UK expats to receive UK New State Pension payments

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  • Bostonerimus1
    Bostonerimus1 Posts: 2,020 Forumite
    1,000 Posts Second Anniversary Name Dropper
    edited 12 April 2024 at 7:41PM
    I was looking into this issue recently. I'm still in the US and so far I've just used my bank account to transfer funds to UK based accounts for things like Christmas presents and NI contributions. The interest rates is not the best, but there are no fees and I can do the transfers with just a couple of keystrokes so I haven't bothered with anything else. However, I am thinking of a possible move back to the UK and so I was looking for an account that would be sure to give good service to US expats in the UK. Wise looked like a useful option, but a better one is the State Department FCU. You can join if you are a member of an affiliated organization like the ACA and they use Wise for their transfers. So that's another endorsement for Wise and a good full banking service provider if you need to keep a bank in the USA. If I stay in the US I will just have my UK state pension directly deposited to by existing US bank account.
    And so we beat on, boats against the current, borne back ceaselessly into the past.
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