FATCA is a terrible law. It's like they're machine-gunning people who try to get over the Berlin Wall.
So, practical question for Americans living in Europe: Are you able to just forgo local banks and use an internationally-minded US bank for everything? One without international fees? Can you just get your paychecks deposited there, say? Does this make anything impossible? Say, getting a mortgage?
So, practical question for Americans living in Europe: Are you able to just forgo local banks and use an internationally-minded US bank for everything? One without international fees? Can you just get your paychecks deposited there, say? Does this make anything impossible? Say, getting a mortgage?