UK banks problematic for US citizens
Aug 25th 2019, 6:38 pm
#1
Lost in BE Cyberspace
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Joined: Jul 2008
Location: Portlandia Metro
Posts: 7,425
UK banks problematic for US citizens
For some US citizens that ignored the fact they were born in the US, there can sometimes be issues. Maybe they should change the law to stop forcing people to be US citizens. You would have thought Trump would have been right on this.
https://www.theguardian.com/business...ccounts-frozen
https://www.theguardian.com/business...ccounts-frozen
Last edited by mrken30; Aug 25th 2019 at 7:07 pm.
Aug 25th 2019, 8:19 pm
#2
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Joined: Jan 2006
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Re: UK banks problematic for US citizens
Its a bit of an issue in Canada as well. I am with a local credit union and asked if they needed my US information but was told no and they have never asked for it, but maybe its because they are a local credit union with no US operations or presence?
Either way my bank account never has enough funds in it to have to file whatever it's called, so one upside to being low income....but I do have to spend 15 minutes a year filling out the IRS tax forms and returning and paying $20 for postage (I want tracking and delivery confirmation so costs more vs regular mail.) but again income is too low to ever owe the US anything.
For those who don't realize they have USC or unaware of the tax stuff, I could see how it would be problematic and with the high fee to renounce makes even that difficult even.
Either way my bank account never has enough funds in it to have to file whatever it's called, so one upside to being low income....but I do have to spend 15 minutes a year filling out the IRS tax forms and returning and paying $20 for postage (I want tracking and delivery confirmation so costs more vs regular mail.) but again income is too low to ever owe the US anything.
For those who don't realize they have USC or unaware of the tax stuff, I could see how it would be problematic and with the high fee to renounce makes even that difficult even.
Aug 26th 2019, 2:01 pm
#3
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Joined: Mar 2017
Location: Austin, TX
Posts: 455
Re: UK banks problematic for US citizens
It's not within the power of the Executive Branch to unilaterally amend the US Constitution.
Far from being "right on this", I'm actually genuinely disturbed that a President believed they could even do it - they literally teach about the separation of powers in school here...
Far from being "right on this", I'm actually genuinely disturbed that a President believed they could even do it - they literally teach about the separation of powers in school here...
Aug 26th 2019, 4:46 pm
#4
Often not so civil...
Joined: Apr 2010
Location: The Boonies, GA
Posts: 9,561
Re: UK banks problematic for US citizens
they literally teach about the separation of powers in school here...
Personally I can't believe that any person who has a legitimate belief that they may be a US Citizen would not check out what that actually means for them. This is on them, not anyone else.
Aug 27th 2019, 3:44 pm
#5
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Joined: Apr 2011
Location: The Shire
Posts: 1,117
Re: UK banks problematic for US citizens
There was a follow-up to this story on the BBC this morning (27/08/2019) on the Victoria Derbyshire Show. If you can get the BBC Iplayer, it's at 46:50.
Renunciation costs ~£2,000. If there is a culprit in this story, besides CBT, it's the person who talked the pensioner into spending the additional £11,000.
Renunciation costs ~£2,000. If there is a culprit in this story, besides CBT, it's the person who talked the pensioner into spending the additional £11,000.
