FATCA - can American Citizens open business accounts?


#1

I know a lot of challenger banks don’t offer accounts to US citizens - do Revolut? Specifically interested in a business account.

Thanks!


#2

citizenship is not the issue, it’s about residence and where the company is incorporated.

currently it’s limited to EEA+CH, but they are working on expanding to USA. They do have a BIC already! REVOUS31


#3

I think the question was more specific about the legal tax situation. Some banks deny access for US citizens that are legal residents within EEA because FACTA complicates compliance for them.


#4

time to summon @olga_revolut I guess then


#5

Thanks both. And yep, Frank has it. I’m an EU resident but that doesn’t exempt me from US rules.


#6

Ah well. Couldn’t get an answer here or via social media, so I went with Tide who answered on both channels. (Lovely smooth onboarding there, by the way.)