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Posted
58 minutes ago, HappyExpat57 said:

Well I certainly won't be opening any new accounts over here. Three is enough for me. Thanks for the info.

 

Your welcome. The truth is that due to FATCA, many overseas financial institutions refuse to open accounts for Americans to avoid the nuisance of the complex IRS compliance requirements. While Thailand is an helpful exception, in many developed countries, it's significantly more difficult for Americans to even open bank accounts. This means it's also more challenging for Americans to live life as an expat in some Western countries. 

 

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