Social Security Benefits: Automated Credit Transfer

(asked on 21st October 2014) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what the cost is to the Government for each transaction for (a) pension payments and (b) benefit payments paid into a (i) Post Office card account, (ii) bank account and (iii) simple payment scheme.


Answered by
 Portrait
Steve Webb
This question was answered on 27th October 2014

The cost to Government for making payments into a Post Office Card Account are £0.50, into a bank account £0.04497 and by Simple Payment £3.60. These costs are applicable to both pension and benefit payments.

Reticulating Splines