How Payment is Made?

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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)
  • 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.
Last modified:23/09/2008

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