U.K Pensions....

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sometimewoodworker
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Re: U.K Pensions....

Post by sometimewoodworker » April 11, 2020, 2:02 pm

marcsarge wrote:
April 11, 2020, 12:46 pm
STWW might be right I don't know, but what I do know is the account I send my money to for TW is in US and it's a real Bank. Because it's in the States the US Gov insures it for I think up to $50,000 so if my Federal VA and Military Retirement Checks Direct Deposit there I feel pretty safe as with any other Bank in states. I don't know if UK has anything like that but as STWW says you might have problems. For other US members on forum that want to check if their bank try the link below. You just need the name to search but in may case there were several so and some inactive so used routing number to locate which one was mind.
https://research2.fdic.gov/bankfind/
The problem I meant was not to do with the safety of the transaction.

It is that TransferWise will not guaranteed that your transfer will show as international.

In fact they specifically say that there are 2 LOCAL transfers 1 in Thailand 1 in your home country.

The problem will be if 1 or more of your 12 transfers is coded as local and you don’t find a way to fix that so can not get an extension.


Jerome and Nui's new househttp://bit.ly/NJnewHouse
In my posts all fees and requirements are the standard R&R but TIT and a brown envelope can make incredible changes YMMV.

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