Paper checks are so last century. Several countries and banks are phasing them out. They are too expensive to process and besides, they are environmentally unfriendly – paper/envelopes/stamps, mail delivery, waste of time queuing at the bank and then another few days to clear – well, you get the idea.

Today there is a much better solution. Direct Deposit solves all these problems, including slow or lost mail. You will never have to worry about going to the bank every month or forgetting to cash a check or losing it.

It is very easy to set up Direct Deposit with whoever pays you your pension, dividends, IRA/401(k) distributions, tax refunds and so on.

If you live outside the U.S. and do not have a U.S. bank account that is needed for Direct Deposit, we have you covered as well. You can literally have a U.S. bank account in your pocket – on your mobile.

Please contact us for more information. We will take care of the paperwork and any mobile app installation/setup involved.

This blog post was published in the monthly Newsletter for October. It contains a trove of useful information.

It will be free until December 2022, and then by subscription only.

Please send us an email at info@taxandpension.com to make sure that you receive a notice that a new Newsletter issue has been published.

If you have any questions or feedback, please do not hesitate to contact us.

Thank you for visiting taxandpension.com, and we hope to see you again soon! We look forward to serving you in the future.