My kids (both under 13) were born in the US and thus are US citizens, although neither parent is. Trying to open a bank account for them has been a nightmare. My late wife (RIP) started last year but was blocked because the passports had expired. We decided the fairest option for the kids was to keep their US citizenship and renew passports. But then I lost progress for 9 months as my wife unsuccessfully fought cancer, then I started my fight, so far successfully - so I don’t have much time and energy for BS red-tape. I got to the US embassy and received shiny new passports but last week we got blocked again at the bank. The bank demanded my recently US tax returns, but I haven’t paid US taxes in 10 years. We revoked the Green cards soon after arriving in Switzerland. Eventually the banker accepted that but demanded something called an FBAR from the kids. I left to do some research and found out that you only need to file an FBAR if you have more than $10K and you need a bank account - so I told the bank this, with evidence but they said they cannot do anything and they are legally blocked. This is infuriating , and it is obvious that one cannot report foreign assets in a bank account if you don’t have a bank account. This is with BCV. Would it be easier with UBS or PostFinance? I’m guessing a cantonal bank doesn’t really care about child’s account. Other options are to fly back home to the UK, open a bank account for the kids there (the UK doesn’t have strict residency checks a d I can claim we are living with my parents while I recover), then I file an FBAR using that bank account number. Then open a BCV account and close the UK account? Or would revolut work for this, and be easy to open for the children? My daughter is ready to burn her US passport to make it easier… I think my son wants to live like a gangster in LA , so overall I want to leave them the option of working for a time in the US when they are older but perhaps I really should revoke their US Citizenship. But then i wonder if that is even possible as they are minors? submitted by /u/vouvoyer
Originally posted by u/vouvoyer on r/Switzerland