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Old 26.05.2015, 12:03
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Depositing Canada pension plan cheque?

Hubby recently applied for CPP, and even though he applied for direct deposit, they sent him a cheque. It is in Swiss francs drawn on UBS. Our bank is going to hit us with 20 Francs in fees to deposit the cheque; tried going to UBS, and they said they cannot give us cash, only deposit it into a UBS account, which we don't have, and they, too would charge 20 francs.
Has anyone gotten around the 20 franc fee? And how?
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Old 01.06.2015, 11:21
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Re: Depositing Canada pension plan cheque?

Give The CPP people a call abd ask for diect deposit. You will need your IBAN and your banks BIC number.

I did this when my first cheque arrived (I bank with the UBS and it was still difficult) I called and they sorted it before the second cheque arrived. They did say it could take up to three months so I was pleasantly surprised.
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