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Old 30.07.2021, 09:07
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US/Irish Dual Citizen Bank question - includes UN fun as well!

On another thread someone mentioned that Swiss banks won't take US citizens.

Here's my situation:
I'm a US/Irish dual citizen. I will be living in Geneva with an Irish passport, although I also have a US one.
I am not the earner. I'm a stay at home dad.
My wife is a Japanese national, who is a UN employee, she is our earner.

Will we have trouble opening a bank account, especially if I'm on the joint account?

If this has been answered elsewhere, please point me in the right direction.
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Old 30.07.2021, 09:12
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Re: US/Irish Dual Citizen Bank question - includes UN fun as well!

Answered in your other thread.

https://www.englishforum.ch/educatio...questions.html
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Old 30.07.2021, 09:19
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Re: US/Irish Dual Citizen Bank question - includes UN fun as well!

Yes, trying to keep banking in the banking and school at school! Thanks!
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Old 30.07.2021, 10:12
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Re: US/Irish Dual Citizen Bank question - includes UN fun as well!

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Yes, trying to keep banking in the banking and school at school! Thanks!
The FATCA questionnaire is pretty clear..

Do you have a US Passport, are you a US person of any sort..Are you connected to a US person. Includes living there for x length of time, property there, dependants there. Basically any connection to US raises the flag for the banks.
This will include you wife since she is connected to a US person.

Many banks will simply refuse to open an account.. Others will open it with conditions. It's not impossible but just limits the choice.
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Old 30.07.2021, 10:22
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Re: US/Irish Dual Citizen Bank question - includes UN fun as well!

UBS and CS both have no problem with FACTA and both are perfectly acceptable banks. non issue. let's move on.
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Old 30.07.2021, 10:28
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Re: US/Irish Dual Citizen Bank question - includes UN fun as well!

As your wife is a diplomat, her salary could be exempt from Swiss Communal, Cantonal and Federal taxes. I would suggest asking her HR department for advice on taxation by the US.

You might want to consider a divorce and living together.
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Old 30.07.2021, 10:32
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Re: US/Irish Dual Citizen Bank question - includes UN fun as well!

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UBS and CS both have no problem with FACTA and both are perfectly acceptable banks. non issue. let's move on.
The people we bought a property from were both US citizens and they banked with the UBS in Nyon. Around the time of FATCA the UBS 'transferred' their accounts (and mortgage) to the Lausanne office 'to better serve them'. They had no choice.
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Old 30.07.2021, 11:17
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Re: US/Irish Dual Citizen Bank question - includes UN fun as well!

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The people we bought a property from were both US citizens and they banked with the UBS in Nyon. Around the time of FATCA the UBS 'transferred' their accounts (and mortgage) to the Lausanne office 'to better serve them'. They had no choice.
As far as I know UBS has special department/s handling US related accounts. When I was a US citizen our account was transferred to a special department in Zurich I think it was that was handling the American accounts. Once I renounced and was able to send them a copy of my Loss of Citizenship certificate our account went back to our usual branch.
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Old 30.07.2021, 11:21
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Re: US/Irish Dual Citizen Bank question - includes UN fun as well!

mine was always held locally up until I became non US.
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Old 30.07.2021, 14:16
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Re: US/Irish Dual Citizen Bank question - includes UN fun as well!

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As your wife is a diplomat, her salary could be exempt from Swiss Communal, Cantonal and Federal taxes. I would suggest asking her HR department for advice on taxation by the US.

You might want to consider a divorce and living together.
Get rid of the US passport asap. Gets more expensive every year ...
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Old 30.07.2021, 14:59
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Re: US/Irish Dual Citizen Bank question - includes UN fun as well!

No chance of divorcing my wife. (I hope that wasn't serious.) We will be checking with the UN office as we do have some different tax status. Thanks to everyone.
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Old 30.07.2021, 18:30
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Re: US/Irish Dual Citizen Bank question - includes UN fun as well!

When I was part of the U.S. Mission to GATT (now the WTO) and accredited to the UN, the Mission arranged for the bank accounts and rental deposits of its staff. That was before FATCA but this should make no difference. While it seems your spouse is an international civil servant and not a diplomat, there undoubtedly are arrangements that bypass the grief UBS gives to US citizens. (At the time, in the early 1990s, the Mission's banking was with SBS.)

In any event, PostFinance offers current accounts to American residents and you might find that satisfactory. It works for me. Note that i have Swiss and US nationality.

Yes, the account is reportable on annual FBARs if your total bank and investment accounts abroad total $10,000 at any point in the year.
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Old 30.07.2021, 19:03
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Re: US/Irish Dual Citizen Bank question - includes UN fun as well!

Let's be clear - it's not UBS giving grief to US citizens; it's the US government and it's FATCA law. All banks around the world have to check with anyone opening a bank account whether they have any connection to the US; it's a requirement under the FATCA law. Many banks decided it wasn't worth the hassle and expense to set up systems to comply with FATCA reporting so they dropped their US clients instead.
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Old 30.07.2021, 19:32
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Re: US/Irish Dual Citizen Bank question - includes UN fun as well!

Iíve been with UBS for 30+ years ( actually uBSó>SBSó>UBS), but Iím not a US national.
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Old 30.07.2021, 19:49
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Re: US/Irish Dual Citizen Bank question - includes UN fun as well!

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I’ve been with UBS for 30+ years ( actually uBS—>SBS—>UBS), but I’m not a US national.
I was when I opened my account there in '86, BUT when we went to get a mortgage in 2014, they had my down as NOT born in the US and NOT a US citizen, despite the fact that I had used my US passport to open the account!

They were quite pleased to make a copy of my CLN and to correct their records!

Tom
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Old 31.07.2021, 17:17
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Re: US/Irish Dual Citizen Bank question - includes UN fun as well!

Thanks everyone.
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