Social Security Benefits - Direct Deposit Or Check?

[chiang mai]

A useful thread - I'm eighteen months away from starting to receive my US SS payments but this discussion has prompted some thought and a couple of questions:

1) Can I elect to take the payment in USD or must it be in the currency of the country in which I reside?

2) Similar to the above, can I elect to have the funds deposited in a bank in a country in which I do not reside?

I'm British, live in Thailand but would prefer to receive USD (not Pounds and not Baht) at a bank in offshore UK (IOM or Guernsey), is that possible? Thanks

Bump

[23423981]

Bangkok Bank of NY now charges up to $20 for transferring $50,001 or more. BBNY charges $3.00 for $51-$100,

$5.00 for $101-$2000, $10 for $2001-$50.000. Trans less than $50 is still free.

For receiving service, Bangkok Bank in Thailand will charge 0.25% of the amount (minimum of THB 200; maximum of THB 500.

Let's not spread false info anymore.