expats and FACTA

This topic contains 3 replies, has 4 voices, and was last updated by  jodevizes 10 months ago.

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  • #226227


    Has anyone been forced to give up their bank/brokerage firms in America due to the FACTA regulation? I’ve just got the boot from mine and have a month to find somewhere else to deposit my fortune (lol). Any suggestions? I tried Edward Jones but they have no license to work here so now I think my only option is to open an account with one of the international banking firms.

    Thanks anyone who can help.

  • #226231


    Well, first off: welcome to this forum. :bye:

    With regards to your question, I’ve never been in a position where I have even started to think about getting involved with a brokerage firm so I don’t really have a clue what you’re on about. :unsure:   :scratch:

    But maybe some of our inhabbitants of loftier financial spheres could be of assistance? :unsure:

  • #226234


    Not many of them Ian!


    ….and I also suspect spam but will give the benefit of doubt till we get a response!!

  • #226254


    Well you could always put it in my account. :)

    I have heard of this problem, there was a guy born to American parents but has lived in Greece all his life and he has this problem.

    I think the richer people are now giving up their American citizenship and buying ones from the tax havens. Some are moving from country to country to keep ahead of the situation.

    Here in Athens there are Barclays and HSBC so I am sure their will be offices of American banks who maybe able to help.

    Good luck.

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