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US did this to themselves, FATCA et al pushed very aggressively by US government through regional/EU governments. Same goes for ie Switzerland, land for US reti
by saiya-jin 5y ago
US did this to themselves, FATCA et al pushed very aggressively by US government through regional/EU governments. Same goes for ie Switzerland, land for US retirees on very opposite wealth spectrum compared to this article. Now there is like 1 bank in the land of banks that accepts US citizens.
And first part of the OP's statement is true - its easy to retire into southern Europe from wealthier parts of Europe. Quality of life, safety, healthcare etc is usually more than fine.
- FooBarBizBazz 5y agoFATCA is a terrible law. It's like they're machine-gunning people who try to get over the Berlin Wall. So, practical question for Americans living in Europe: Are you able to just forgo local banks and use an internationally-minded US bank for everything? One without international fees? Can you just get your paychecks deposited there, say? Does this make anything impossible? Say, getting a mortgage?
- ivan1783 5y agoI have a German bank and am a US citizen. No problems here. I've seen this reposted online on several occasions but living here and knowing other Americans here I've not actually heard any stories of people being denied a bank account. No idea if it would work but I suppose you could use something like Wise to bank here - it gives you an IBAN like a normal bank so it should work.