4 ms·
You still have the filing burden, though. More annoying than that is that it's extremely difficult to open a bank account overseas because of FATCA. It's less
by brobinson 10y ago
You still have the filing burden, though.
More annoying than that is that it's extremely difficult to open a bank account overseas because of FATCA. It's less costly to deny Americans service than to comply with the US' reporting requirements.
- MandieD 10y agoAnd the irony is, while foreign banks will figure out how to deal with an American who wants millions handled, my middle-class retirement account is not worth the hassle. I'm just thankful to still have a current (checking) account so I can receive my pay.