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I'm just an ignorant limey, but my Wise $ account is held in a New York bank. Does this help? I don't begin to understand the US banking system.

Posted
On 2/28/2025 at 12:46 PM, BKK57 said:

Has any one from America signed up for International Direct Deposit for monthly Social Security with the S.S. Admin? I know to start this process you need to send a SSA-1199 Form to FBU Manila. They require the account number and swift code of the bank. I have two plain vanilla savings account at Bangkok Bank. However, when calling Bangkok Bank, I am told that on Bank's side a special restricted account is required and I would have to appear in person to collect the funds. No Debit card or ability to transfer funds from this account is permitted. According to the USA S.S. this is a convenience... but it's NOT.  Has any one done this at Bangkok Bank with out a restricted account? From what I have seen on various posts if you try to send to a regular account eventually they will catch you and refuse the deposit. Until I was made aware of the restricted account I was thinking this might be the way to go so that I can easily prove I'm bringing in S.S. which is not assessable for tax purposes. Now, I just send a wire every month, but there is no specific designation that it is social security. Any feed back is greatly appreciated.

Ah yes. The US change took some time with BKB. It was a to protect recipiants. Simply why the change took plae was that accounts restricitive features were not origially enforced.

The change back was so a reciptiat's deposit account can only be transfer at the branch to a second spending account. easy peasy

 

 

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