Special Banking Option applications
When a client chooses the special banking option for their Jersey/Guernsey pension or benefit they will be sent an application pack from International Services containing:
- an Application for the Special Banking Option
- an Application for a Special Bank Account and
- an Authority to Release Information form (this form allows us to share information regarding pension and benefit entitlements with the Social Welfare Services Authorities in Jersey/Guernsey)
All three forms must be fully completed and forwarded to International Services for processing.
Note
- when a client has a partner they must both choose the same payment option
- the client can change from the direct payment method to the Special Banking Option at any time
- if the client has changed from the Special Banking Option to the direct payment option they cannot re-join the special banking option (however there are exceptions, for these please contact International Services)
- the client does not have access to the special banking option account that the Jersey/Guernsey pension or benefit is paid into as it is simply a holding account for funds that are to be paid to MSD
