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> Just an FYI: one hiccup I heard of giving up your US citizenship is that banks didn’t recognize you could be born in USA but not a US citizen. I had this iss
by kingosticks 6y ago
> Just an FYI: one hiccup I heard of giving up your US citizenship is that banks didn’t recognize you could be born in USA but not a US citizen.
I had this issue just last month with a UK financial institution (Raisin). I tried to explain it but they obviously were not interested. I actually still have my citizenship (I'd love to renounce but that's currently impossible) but I felt it was worth pointing out their policy was unnecessarily discriminative.
- rolandog 6y agoNot to mention, that there are countries that ask you to renounce your other citizenships when taking theirs (Dutch citizenship comes to mind).
- mikhailfranco 6y agoTheir responsibilities under FINCEN/FATCA are not prove anything, but just have suspicion or some reason to think you might be a "US Person" (not just US citizen, but US resident, or various other special situations). Of course, the US claims to extra-territorial jurisdiction, and bullying of global financial institutions to enforce their crazy inter-planetary tax system, are totally preposterous. Elon - renounce before blast-off!