Direct Pension Payments for Moroccan Residents
Moroccan citizens who are beneficiaries of the Gibraltar Old Age Pension can now enjoy a more convenient method of receiving their financial support. Under the recent changes in the treaty arrangements, these pensioners are now permitted to have their pension payments transferred directly to their bank accounts in Morocco. This development significantly eases the process for those who live in Morocco, eliminating the need for travel to Gibraltar to access their funds.
For pensioners who reside in Morocco yet wish to visit Gibraltar, it is important to note that a Schengen visa will be required for their travel. However, for those who prefer to remain in Morocco, the new system allows for the direct deposit of pension payments into local bank accounts. To facilitate this, pensioners must establish an account with any branch of Banque Populaire and provide the necessary banking details to the pension authority in Gibraltar.
It is highly recommended that recipients of the Gibraltar Old Age Pension carefully read the technical notices issued by the Government to ensure they fully understand the new procedures and make the necessary arrangements ahead of time. This proactive approach will help avoid any potential delays in receiving their pension payments.
As reported by gbc.gi.
