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5 years ago

Social Security check direct deposit at which CR bank?

5 years ago
I just learned (from International Living magazine) that one can have their social security check direct deposited in a "correspondent bank" that the SSA/Federal Reserve has in most every country where ex-pats live. There can be more then one bank or just one. We are going through the "rentista" process vs. pensionado because we do not want to draw until we are 70 and but also
need to set up an account with a local bank to start our monthly "draw" from the 60K in our attorney's trust account plus will be getting local rental income checks shortly as well so want to make sure we get the right bank that can handle all three income streams. We love ScotiaBank as they speak English and have no lines and are walking distance so hope they are a correspondent bank with SSA. Pleas advise,

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William Russell
William Russell

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William RussellWilliam Russell

Get a quote for international health insurance from our partner, William Russell.
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