Pensions made under the Death Benefit scheme can be paid:
- directly into your Bank, Building Society or An Post Savings Account - this is known as Direct Payment- and payment is made 4 weeks in arrears to any of the financial institutions (listed below)
or
- by a book of Payable Orders which can be cashed weekly at a chosen Post Office.
Financial Institutions offering a Direct Payment Facility are:
- a Pension Savings Account with An Post
- a Current or Deposit Savings Account (NOT a mortgage account) with any of the following Banks:
- ACC Bank
- AIB Bank
- Bank of Ireland
- National Irish Bank
- permanent tsb (formerly TSB Bank)
- Ulster Bank
- an account (NOT a mortgage account) with any of the following Building Societies:
- EBS Building Society
- First Active PLC
- ICS Building Society
- Irish Nationwide Building Society.