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Old 06.05.2020, 12:04
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Joint Banking in Switzerland between a Swiss & American

Hi All,

My husband and I are interesting in finally opening a joint banking account. I am american and he is Swiss. However, for years we have kept all finances separate due to all the supposed complications of the US FBAR and US Tax filing if his finances are mixed with mine. Also, the if i remember with power of attorney, the IRS would have the right to access the accounts and therefore him only because of me. However, my US tax advisor says generally for FBAR and taxes a joint account would be no problem, but then why does it seem to be that no one does it?

Does anyone have experience with this? Does any US citizen have a joint account with a Swiss citizen?

What is there to look out for or note before doing this?

Any advise anyone has would be greatly appreciated.

Thank you!
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