it's effectively the same, small banks just shove you out of the building and refuse to open a bank account for you if FATCA applies to you, their compliance is through just not accepting US tax payers.
This is a real issue that leaves US citizens only able to open accounts at bigger banks (with shittier services but enough budget to hire a FATCA compliance department)
This is a real issue that leaves US citizens only able to open accounts at bigger banks (with shittier services but enough budget to hire a FATCA compliance department)