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If you have ever opened a bank account in Europe, you have come across a checkbox, where you have to specify that you are not an American citizen. The US pushes
by allendoerfer 9y ago
If you have ever opened a bank account in Europe, you have come across a checkbox, where you have to specify that you are not an American citizen. The US pushes their regulations on companies outside their jurisdiction, too.
- blibble 9y agothe result for banking is that European banks refuse to let Americans open bank accounts depending on the levels enforcement I suspect the same will be true of many popular online services for GDPR: you check the "EU citizen" checkbox and you're banned
- jamiepenney 9y agoIt's not just Europe, I've heard of banks here in New Zealand doing the same. The cost of compliance for them was more than the customer was worth.