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Foreign banks tend to not deal with customers with US tax residence though due to FATCA requirements. So it might be a burden even if you are under the thresho
by thesimon 10y ago
Foreign banks tend to not deal with customers with US tax residence though due to FATCA requirements.
So it might be a burden even if you are under the threshold.
- freddie_mercury 10y agoThis hasn't been my experience at all in three countries (Singapore, Vietnam, and Australia)
- arcticbull 10y agoFATCA is relatively new, effective 2010, so if you opened your bank account before then, you may well be grandfathered in.
- Broken_Hippo 10y agoI've not had that issue. The worst i dealt with was that one bank wanted paperwork from my bank in the US, which had been closed before moving (around 9 months living with only cash). The other bank didn't act like it was an issue.
- deleted 10y ago[deleted]
- beagle3 10y agoBanks and brokers can't hold/manage/transact securities (stocks and bonds) for a US taxpayer because of an SEC -- unless they are SEC regulated, which almost no one outside the US is. Therefore, us taxpayers are also much less profitable for them even if the FATCA requirements are all satisfied.
- saryant 10y agoI had an account in France for a while without any trouble. BNP Paribas.