Subject: Re: Hoping for the longest possible answer from Jim
<<<< I was not aware that Americans can't have a local bank account in Europe.>>>>

<< They legally can, but they practically can't, as banks outside the US usually don't want US citizen as customers as they are a huge hassle for those banks.>>

I have a bank account in Europe. It was a bit of a hassle to set up as
a US citizen, but it can be done.

The most important thing as a US citizen with funds in foreign banks is
to file an annual FBAR. The penalties for failing to do that are draconian.

-Rubic