Can I still receive my U.S. Social Security payments in Nicaragua, and if so, how?
Mario Robleto - SAENICSA Accounting and Tax Services
You can receive your US Social Security payments if you live in Nicaragua; no problem at all. In fact, we have a bank here that can receive your transfers from anywhere. You just have to file at the American Embassy that you’re an American, you live here and you wish to receive your Social Security payments directly here. You can collect your pension or Social Security that way. You just fill out a form at the bank, and that's it. It cost about $6 a month to do...You can receive your US Social Security payments if you live in Nicaragua; no problem at all. In fact, we have a bank here that can receive your transfers from anywhere. You just have to file at the American Embassy that you’re an American, you live here and you wish to receive your Social Security payments directly here. You can collect your pension or Social Security that way. You just fill out a form at the bank, and that's it. It cost about $6 a month to do it. (Nicaragua's currency, the cordoba, pictured.)
Posted September 7, 2015
Alan Makurat
Since my wife and I only spend about 1/2 the year here in Nicaragua, we do not want to change our Social Security payments so that they are deposited here. So, we maintain a balance in the bank of about 1 month's projected expenses and we write out a check every month for our retirement money to come here. There is NO fee for doing this, except it takes 3 weeks for the money to become available. The advantage is that we use our debit card, issued by the bank here, for...Since my wife and I only spend about 1/2 the year here in Nicaragua, we do not want to change our Social Security payments so that they are deposited here. So, we maintain a balance in the bank of about 1 month's projected expenses and we write out a check every month for our retirement money to come here. There is NO fee for doing this, except it takes 3 weeks for the money to become available. The advantage is that we use our debit card, issued by the bank here, for transactions and we don't have to worry about losing too much in the event our cards are stolen or compromised. (Laguna De Apoyo, Nicaragua, pictured.)
Posted March 7, 2016