HSBC asking for id and address proof
Dec 22nd 2015, 10:50 pm
#16
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Dec 22nd 2015, 11:02 pm
#17
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Re: HSBC asking for id and address proof
Some really exciting reading from HSBC: 
FATCA
United Kingdom | Retail Banking and Wealth Management | Foreign Account Tax Compliance Act (FATCA) | HSBC
CRS
The OECD's Common Reporting Standard for the Automatic Exchange of Financial Information (CRS)
Of course, the US refuses to be part of the OECD CRS.
FATCA
United Kingdom | Retail Banking and Wealth Management | Foreign Account Tax Compliance Act (FATCA) | HSBC
CRS
The OECD's Common Reporting Standard for the Automatic Exchange of Financial Information (CRS)
Of course, the US refuses to be part of the OECD CRS.
Last edited by theOAP; Dec 22nd 2015 at 11:07 pm.
Dec 22nd 2015, 11:06 pm
#19
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Dec 22nd 2015, 11:07 pm
#20
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Re: HSBC asking for id and address proof
Does anyone know if I am supposed to get a W-9 from contractors in the UK like I do in the US
Dec 22nd 2015, 11:17 pm
#21
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Re: HSBC asking for id and address proof
First, Part III relates to IRS reporting, and then subsequently relates to both although it states it's primarily for FBAR. FATCA and FBAR are not the same animal. They are two different reporting obligations which ultimately reports basically the same thing (but not exactly the same thing). They have different thresholds. FBAR is for signature authority over foreign accounts and FATCA (Form 8938) is for foreign assets. Part III is your statement that you have foreign accounts to be reported on your FBAR if you're over the threshold (which are likely to be reported on 8938 as well if you're over the threshold for it). EDIT: You also complete Part III if you are not over the threshold for FBAR.
Last edited by theOAP; Dec 22nd 2015 at 11:19 pm.
Dec 22nd 2015, 11:19 pm
#22
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Re: HSBC asking for id and address proof
First, Part III relates to IRS reporting, and then subsequently relates to both although it states it's primarily for FBAR. FATCA and FBAR are not the same animal. They are two different reporting obligations which ultimately reports basically the same thing (but not exactly the same thing). They have different thresholds. FBAR is for signature authority over foreign accounts and FATCA (Form 8938) is for foreign assets. Part III is your statement that you have foreign accounts to be reported on your FBAR if you're over the threshold (which are likely to be reported on 8938 as well if you're over the threshold for it).
Dec 24th 2015, 12:22 am
#23
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Re: HSBC asking for id and address proof
Both OH and I have both received letters asking for proof of id (certified) and address from HSBC. They've said it's part of tightening security even though we have been clients of theirs for about 20 years.
Just curious to see if anyone else has had anything from them recently about this.
Just curious to see if anyone else has had anything from them recently about this.
They either want notarised documents or to schedule a video call for them to see the docs. I'll probably do notarised docs.
I've banked with First Direct for about 20 years too.
Dec 24th 2015, 12:24 am
#24
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Re: HSBC asking for id and address proof
