Mastodawn

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

"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

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thespcicifcocean Mar 10

american in europe here,

this is true. it’s very nearly impossible to open a bank account. There is exactly one bank in Switzerland who allows americans to open accounts, UBS. So far no banks in france have allowed me to open an account, even though I have a french residency permit. This makes it nearly impossible to take loans to buy things like houses or cars. Basically life here is impossible because being american fucking sucks.

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Lumisal

You have residency, but do you have an official French ID, like a police ID? In Finland at least the residency permit does not count as a valid ID and you have to get a separate one (like a driver’s license or police ID) in order to for example open a bank account.