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You seriously underestimate the burden the US places on its expats and banks that do business with them. Its to the point most foreign banks will not do busine
by slededit 8y ago
You seriously underestimate the burden the US places on its expats and banks that do business with them. Its to the point most foreign banks will not do business with US nationals.
- Godel_unicode 8y agoNo, I really don't :) :%s/most/a select few you shouldn't work with anyway
- slededit 8y agoIts actually the vast majority of foreign banks, except those with a strong US presence (and even then not always. E.g. Deutsche bank won't take US clients in Germany [0]). > Most Foreign Banks Don't Want U.S. Clients; How To Find One That Does [1] > U.S. ambassador to Switzerland is asking banks in the country to reverse course and accept Americans as clients. [2] 0: https://www.reuters.com/article/us-banks-expats/u-s-expats-find-their-money-is-no-longer-welcome-at-the-bank-idUSKBN0EM16V20140611 https://www.reuters.com/article/us-banks-expats/u-s-expats-f... 1: https://www.forbes.com/sites/deborahljacobs/2012/07/31/most-foreign-banks-dont-want-u-s-clients-how-to-find-one-that-does/#67f972fc7704 https://www.forbes.com/sites/deborahljacobs/2012/07/31/most-... 2: http://money.cnn.com/2016/10/20/investing/swiss-banks-americans-fatca-switzerland/index.html http://money.cnn.com/2016/10/20/investing/swiss-banks-americ...