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So it really looks like doing business with US banks is extremely risky. EU banks also put high hurdles dealing with them. Why does not everyone who has somethi
by rurban 2y ago
So it really looks like doing business with US banks is extremely risky. EU banks also put high hurdles dealing with them. Why does not everyone who has something to loose open accounts in non-US banks to limit such risks?
- philipwhiuk 2y agoKYC happens everywhere except countries you probably don't want to put your money anyway.
- bigfatkitten 2y agoIt has less to do with the U.S. banking system, and more a case of Chase in particular being run by fools.
- renewedrebecca 2y agoI've run into problem with Chase and I've heard from other people who have as well. Your account will get closed without explanation, and getting your funds back is a major hassle. A branch manager told me they had a lot of AI-type account reviews going on, the output of which isn't questioned.
- llamaimperative 2y agoBecause for 99.9999999% of people they work pretty much flawlessly (with some irritation and friction around the creases, of course)
- jessekv 2y agoOne flaw per one trillion accounts would be some seriously impressive numbers.
- llamaimperative 2y agoYes it's called hyperbole
- rurban 2y agoIn all my cases I only had weird problems like this with Chase. So glad that I'm back in Europe. Flawless would be European banks, certainly not Chase