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millerxxx | 20:26 Wed 28th Mar 2012 | Business & Finance
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i have a pal who says he gets his pension weekly
i thought that idea was ended
i thought it should be paid into bank or building society
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I get mine weekly, but as you say paid into the bank. I think you can get a card to pick it up at the post office.
Mine is paid weekly into the bank--my Wife's weekly into the Post Office.
Mine is paid weekly into the bank--my Wife's weekly into the Post Office.Those are State pensions. My works pensions are paid Monthly into the Bank A/C.
New pensioners these days have to have their pension every 4 weeks, but there's still a choice between a bank account (preferred) or a card to pick up at a Post Office.
Existing pensioners who started off weekly can continue with that arrangement.
State and pension credit pensions can be payed weekly or monthly.
Believe it or not there are still people out there who do not have a bank account, for various reasons.
Anyone who is receipt of benefits (child benefit included) or a state pension, whether they have a bank account or not can elect to collect their money at a Post Office. They no longer have 'pension books' but have a chip and pin card. I believe that these can also be used in Post Office cash machines aswell as at the counter.
If you would like yours paid this way then you contact the agency who pays you the money and they will send you a form to take into a Post Office to arrange for you to collect a card.

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