nullptrMar 10

"US Person": is a red flag for financial institutions in Europe

https://lemmy.world/post/44073145

"US Person": is a red flag for financial institutions in Europe - Lemmy.World

I saw some posts about american wanting to move to Europe; so just before you guys make the move, double-triple check insurances/banks, because literally every time I (not american) do smth financially related in France, they ask me if I am american? If yes, they won’t even open accounts/ give me insurance etc… Sounds discriminatory but apperently because legal I dont know if that expands to any other field

Show threadschnurrito

AFAIK this has to do with US tax law and how it applies to income earned by US citizens abroad.

I have never answered yes to this, but would be surprised if it were impossible or even considerably harder for US persons to open bank accounts. I always thought this just triggered slightly different rules for the bank?

Mar 10 at 12:30pmWeb
Show threadboolyMar 10
Lots of non-American banks don’t want to deal with the rules, so it’s easier for them to just say that they won’t open accounts for Americans.