Military/Service Pensions

If any of you Guys out there are getting your service pension paid into a Spanish Bank.

The rise is 3.6% this year but the Paymaster has outsourced the sending of it to CITYBANK, Who will charge a flat fee for the transfer

They have not said in the newsletter haw much that charge will be? but it will be deducted at source

Johnone

From another site, I was told it was about £3.50 per transaction.

Not sure if that is correct or whether a percentage charge will be made.  (Got the same letter which doesn't say how much)

Thanks Bob

That won't be so bad! I was worried if it would be more like £20 as some of the UK banks charge for transfer. Hopefully we will still get the bank-rate on the day of transfer, and not the Cashpoint rate?

John