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
EDIT: lol i am now wondering what are people are downvoting for? You dont like that fact, so you downvote whoever told you that fact? Some reactions are hilarious
It’s not discriminatory. They don’t have any legal obligation to serve citizens of foreign countries. Citizen of USA isn’t a protected class. When they do serve American citizens it triggers a whole lot of regulatory work, and it’s understandable they don’t want to do that unless you’re a high net worth individual (ie they make enough profit to cover that cost)
The rule is not just for US citizens, but for a specific category called “US Person”, which is broader, and I think it includes anyone with any tie to the US. I believe having American parents, having had US citizenship even if you renounced it, or having had a greencard, also count. Though I don’t know the exact rules.
The rule is way too broad, and you can’t get rid of it. I’ve heard of people who’ve never set foot in the US who discovered later in life that they were US Persons, and it sucks. Their banks force them to comply because otherwise the bank can’t do business with the US.
I mean it quite literally is discriminatory, but it’s legal and justified discrimination.
Good point.
They do have an obligation to serve their own citizens. The US double tax reporting bullshit does apply to dual citizens.