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Is it possible to have your VA check direct deposited into a Dominican Bank account here?
Is it possible to have your VA check direct deposited into a Dominican Bank account here?
Solution
Is Direct Deposit available in foreign countries?
Direct deposit in the traditional sense is not available outside of the United States and Canada. There are foreign banks that have branches in the United States through which direct deposit can be established. Direct your funds to the U.S. branch via electronic funds transfer from the U.S. Treasury and the U.S. branch will transfers the money to the foreign branch. In some instances, the process takes a few days longer than the normal EFT, but, it is still quicker than having checks mailed overseas through the Department of State or International Priority Airmail. Generally, the Department of State and Priority Airmail methods of check delivery take between 5 and 10 days longer than delivery in the United States.
It is strongly recommend you open an account with Citibank, Bank of Nova Scotia, Banco Popular or Chase Manhattan Bank as those are banks that I believe have working branches in the DR.
Article Details
Article ID:
615
Created On:
28 Apr 2008 04:01 PM
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