Ambergris Caye Caye Caulker HELP! Visitor Center Businesses
BelizeNews.com BelizeSearch.com BelizePhotographs.com Lodging


Topic Options
#512728 - 03/30/16 04:04 PM Social Security
FGRoss Offline
Question to any US persons living full time in Belize that are on Social Security.
Is it a problem to move to Belize and have your S.S. deposited into a bank in Belize?
What is the process to do this?
_________________________
Frank and Natalie Ross
"May you always have a seashell in your pocket and sand in your shoes"

Top
#512734 - 03/30/16 05:25 PM Re: Social Security [Re: FGRoss]
ragman Offline
https://www.ssa.gov/pubs/EN-05-10137.pdf

The above will give you some information on doing this. However, keep in mind that you will need to open a bank account in Belize and thanks to the USA this may not be too easy. You had better do this long before you decide to send SS checks to Belize.

An alternative would be to use an atm card drawn on an American Bank you have your funds sent to, I've done this several times. You could also, after you open a Belize bank account, write a check and deposit it to this account. There is almost a month before you will be able to draw on the check and the exact time depends on which bank you have an account in. In addition there are other ways to cash a check if you are known but I'm not sure of the legality. Many businessmen who need to buy goods and such in the USA need USD and have ways of depositing your check in a USA bank. They might cash your check, if they know you.

All in all banking and trying to do things the correct way in Belize is difficult and getting more difficult it seems. I recently closed my last account in Belize and when I did they ask me 3 times if I was sure that is what I wanted to do. They told me it would be very difficult to open another account and would require permission from the "central bank" (?) Because I'm spending less time in Belize and reporting foreign accounts is such a hassle it is just not worth it to me anymore. In addition I suspect that having a foreign bank account puts a big target on your back for an audit. I've read this several times. Please understand that I've not done anything to illegally avoid taxes or anything like that. Just had accounts to facilitate paying bills and having cash for living expenses without having large amounts of cash on my person or in my home.

Good luck.
_________________________
Jim
Somewhere on a beach in Belize

Top
#512736 - 03/30/16 07:24 PM Re: Social Security [Re: FGRoss]
artisan Offline
Frank, did you manage to get an Atlantic account open?
That's the only bank the US SS deals with for direct deposit.

Top
#512737 - 03/30/16 07:33 PM Re: Social Security [Re: FGRoss]
FGRoss Offline
When I was in Caye Caulker a week ago I did apply for a bank account, the woman at the bank told me it may take awhile to hear if the application is approved or not.
_________________________
Frank and Natalie Ross
"May you always have a seashell in your pocket and sand in your shoes"

Top

Links
Click for excellent scuba lessons with Elbert Greer!


Things to do

News
Daily News
Daily Weather

Classified Ads
BelizeNews.com
San Pedro Sun
Ambergris Today
SP Town Council
Channel 7
Channel 5
Amandala
Love FM
The Reporter
Caye Caulker
Chronicles

PLUS TV
TV Newscasts
Radio Stations

Click for our
Search thousands of Belizean-only websites

Event Guides
Event Calendar
Specials & Events
Things to Do
SanPedroScoop
iTravel Belize
Paradise Theater

Blogs
San Pedro Scoop!
Tia Chocolate
Tacogirl
My Beautiful Belize
I-Travel Belize
Belize Adventure
Belize Hub
Romantic Travel
Bound for Belize
Conch Creative
As The Coconuts Drop
More Blogs...
Search thousands of Belizean-only websites
Chaa Creek is an award-winning luxury Belize Resort, rated as one of the worlds best Eco Lodges. We are a pioneer in adventure travel to Belize since 1981!
White Sands Dive Shop - 5 Star PADI Dive Facility - Daily diving, SCUBA instruction and Snorkeling
Caribbean Inspired All Natural Condiments & Spice Blends, Over 100 are Gluten Free!
We manage a variety of homes, apartments, condos and commercial properties here on Ambergris Caye. Our minimum lease on ALL properties is six months.
Conch Shell Inn: All rooms are right on the beach in the heart of San Pedro, so within walking distance to anything and everything!!
Lilí Alphonse has snorkel equipment to fit anyone as well as Marine Park Tickets and flotation devices to assist those not as experienced.
Coastal Xpress offers a daily scheduled ferry run to most resorts, restaurants and private piers on the island of Anbergris Caye. We also offer  private and charter water taxi service.
Mini Chat

Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
December
S M T W T F S
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31
Who's Online
3 registered (Pokey, Marty, 1 invisible), 31 Guests and 4 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
18,674 Registered Members
44 Forums
64,050 Topics
462,278 Posts

Most users ever online: 1,262 @ 06/10/07 07:16 PM


AmbergrisCaye.com CayeCaulker.org HELP! Visitor Center Goods & Services San Pedro Town
BelizeSearch.com Message Board Lodging Diving Fishing Things to Do History
BelizeNews.com Maps Phonebook Belize Business Directory
BelizeCards.com SanPedroDaily.com Picture of the Day