´ó¿§¸£ÀûÓ°Ôº

@jimgh

Open a bank account in Panamá , and then you que transfer youre money from U.S to Panamá.

Do you have a Wise account? I don't know if you can set up from Panama, but you can from US, and you can use the card worldwide, and do bank transfers etc online.

Thanks for the reply. I still live in the US but am trying to get ideas for the near future when we relocate. Seems like no matter what I will need to keep a bank account open in the US in order to get my retirement.  When my wife and I relocate, we will not have any ties to the US except to get my pensions and file taxes. I have looked into Wise and I might consider that option. Anyway, just hoping someone had a genius idea that would fit my situation. Thanks again for the reply.

Look at Charles Schwab International checking accounts. They work well for US citizens who no longer have U.S. residency. They will reimburse you for ATM fees, so you can withdraw cash from that account and either use the cash or deposit it into a local bank.

hey, thank you for the advice. I will check into that. There are not a lot of people that want to help me out on this. My wife is Panamanian and I already own property in Panama so it’s difficult for me. I just want to get as much money as I can from my pension and Social Security. Thanks again. Bye.

@jimgh

Social Security military, US Civil Service retirement will definitely deposit directly to a Panamanian (and banks of most countries in the world) but you'll need to complete a form. More information here:

Note that each country has a different form. I have no idea about your other retirement. It sounds like a state retirement. I receive retirement from Europe and they have no problem with direct deposit.

Keep in mind that if you deposit money in a USA or other foreign bank they charge a sending few and receiving fee no matter how much it is.. For example, the bank in your country will charge $50.00 to send and the bank in Panama will charge $50.00 to receive (sample fee amounts).

Hope it helps.

@NothingNew

Not always true - I can send from my US bank for free based on my account type. You can also deposit a check from a US bank for as little as $10 depending on which bank you have in Panama.

Which bank are you using in Panama that accepts electric transfers via SWIFT for "free."

Depositing a check is not done using SWIFT and is very slow.

In any case, you'll be helping out a lot of people if you know of banks in Panama that accept USA bank to Panama bank with no charges.