Post #2881 by Rubic on the Berkshire Hathaway board

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- Manlobbi

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)

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<<<< 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

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