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In practice US citizens have it difficult to even open simple bank account. Most foreign companies prefer not to deal with US gov.
by throw63738 5y ago
In practice US citizens have it difficult to even open simple bank account. Most foreign companies prefer not to deal with US gov.
- welder 5y agoYes! Banks in Germany would flatly say "we can't help you" when I pulled out my US passport. The only one I could get was Number26, which is technically only an online bank account.
- usr1106 5y agoN26 is in the headlines for money laundering incompliance. Probably not at all related to average American expats, but as soon as they strengthen their processes they might find it the easiest not to do business with a couple of Americans.
- ryanlol 5y ago> which is technically only an online bank account. Which is technically also a normal bank account.
- Rapzid 5y agoIt depends on the country and the financial institution. I'm a permanent resident of another country and had no problem opening an account there(on vacation there the first time no less). Another user here reports a very easy experience opening an account with an institution in the Netherlands.