4 ms·
Are you an US citizen? European banks have for a large part stopped serving US citizens because of FACTA and similar requirements US puts on them [1]. [1] http
by dtech 3y ago
Are you an US citizen? European banks have for a large part stopped serving US citizens because of FACTA and similar requirements US puts on them [1].
[1] https://ellentimmer.com/2020/08/04/fatca-30/ https://ellentimmer.com/2020/08/04/fatca-30/
- zinekeller 3y agoSounds like it. Non-US person but also not an EU citizen (or EEA or Swiss or even British) and... apart from the negative rate (which is true), I honestly never encountered unceremoniously closing accounts while Americans complain it all the time (and they usually know it's because of FATCA - they also wish it was gone but they don't make the decisions: Americans at home are the ones deciding that they really want to see everone's account in the name of tax evasion).
- biztos 3y agoYes, but my banks all know that. So far the only one to kick me out is Commerzbank and they didn’t give a reason, but I suspect it was that reason. But generally speaking, my European friends all have an animosity towards banks I have not seen in other countries.