Why the Americans turned away from the German banks
Recent highlights:
1. While the legislation of the European Union dictates that banks should provide a basic account for any EU citizen, which is asking for one, which should mean that US / German citizens have the right to receive banking services.
2. However, it seems that most of the non-American banks (and even some on the basis of the United States) still seek to avoid additional troubles and the cost of the need to constantly update the officials of American governments on the financial activities of their customers - and from the moment the government may charge smooth fines that are not relevant facts, many banks seem to think that it's just not worth the risk
#biyro #art #motivation #money #vault
More: https://biyro.com/blog/freelance/why-the-americans-turned-away-from-the-german-banks/
Recent highlights:
1. While the legislation of the European Union dictates that banks should provide a basic account for any EU citizen, which is asking for one, which should mean that US / German citizens have the right to receive banking services.
2. However, it seems that most of the non-American banks (and even some on the basis of the United States) still seek to avoid additional troubles and the cost of the need to constantly update the officials of American governments on the financial activities of their customers - and from the moment the government may charge smooth fines that are not relevant facts, many banks seem to think that it's just not worth the risk
#biyro #art #motivation #money #vault
More: https://biyro.com/blog/freelance/why-the-americans-turned-away-from-the-german-banks/