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Reply #158: I've been getting SS for nearly two years now, always by [View All]

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BlueMTexpat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 04:36 AM
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158. I've been getting SS for nearly two years now, always by
Edited on Wed Sep-21-11 04:37 AM by BlueMTexpat
direct deposit, which has worked for me just fine. I appreciate it even more because I live overseas for the most part and the funds are deposited directly into my overseas account, meaning that I get immediate access, without having to wait for a check to arrive (assuming it doesn't get lost in the mail), endorse it, pay the check cashing fee and perhaps lose even more on the exchange rate if the check funds are in USD. For direct deposit, the US Treasury converts to the foreign currency at source using the universal exchange rate (SS will not send USD overseas via DD), while my not too loverly bank always tries to give me a few points less.

I recc'd your post because it provides information, not because I favor checks. I think that if that money flow is going to get stopped, it will get stopped for both DD AND checks. If that day ever happens, we will all certainly rue it.

And please believe, as I sincerely do, that such a day could indeed happen with ANY Republican ever again in the WH. They just don't "get" it.
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