DOD pension and German banking

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My wife (German) and I are planning a move back to Germany, most likely the Mainz area where I worked as a DOD civilian for 12 years from 1986 to 1998. I am trying to figure out how to get my pension into a Volksbank account we have maintained since before we left Germany. OMB has told me that they can only deposit my retirement into an American bank. Ditto for Social Security. Any DOD civilian retirees who might be able to shed some light on this for me?

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Social Security will make international direct deposits (DD) to a foreign bank account (FBA) in most countries (Germany is one of them).

Here's the linkto their page.

You can also call the Federal Benefits Unit at the US Consulate to verify/discuss it. You can call M-Th: 0800-1100 or Fri. 0900-1100. You'll find they are incredibly helpful (very nice people IMHO).

I've talked to them personally several times, and they have assured me I will have no problems using DD to FBA and their website backs it up. Deposit are made in the currency of the account directly, i.e. the Fed buys Euros and makes the DD in Euros (your bank will not convert it, the Fed converts it and then executes an EFT in Euros to your foreign bank). I think it's the NY Federal Reserve bank that buys the Euros so the rate of exchange is very good.

 

[edited for clarity]

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I know from my research and personal conversations with representatives her in Germany that SSA, Mil Ret, and VA payments can go to a FBA. I didn't ask about OPM - so I gotta go look/ask.

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Just got off the phone with FBU Frankfurt (busy), however their pre-recorded message states that OPM participates in the International Direct Deposit program for personnel living in Germany.

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Thanks to all who responded; this is very useful information and will make our transition a whole lot easier.

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