Selecting a payment method / payment entity
Freedom of choice:
The payment method may be freely chosen within the limitations established by law, as well as the paying entity, which can be chosen from the list in the Collaborator Registry. Pension payments should not generate expenses for the pensioner.
The initial selection of the payment method and paying entity is submitted along with the application for the pension.
The pensioner may change the payment method and paying entity at any time.
The new payment method will be effective after the first business day of the second month following the moment when the changes were requested.
Change applications may be processed using a form available on the Social Security website.