this post was submitted on 31 Jul 2025
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Finance

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I thought only Americans faced nationality-based discrimination by banks. But I heard there are others. Who else? (crazypeople.online)
submitted 2 weeks ago* (last edited 2 weeks ago) by rageAgainstCages@crazypeople.online to c/finance@beehaw.org
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cross-posted from !humanrights@crazypeople.online -- https://crazypeople.online/post/5464740

FATCA specifically oppresses Americans who live outside the US. It strong-arms banks into treating Americans adversely different based on their national origin (ranging from denial of service to extra data collection and disclosure). I thought Americans were the only people who broadly face discrimination in banking due to their nationality. But I recently heard of other nationalities (not Americans) who are refused bank access due to their nationality (in Europe, where we might have a high expectation of human rights).

I could never get the details. People that report this to me have been vague. But I’ve heard it twice now. Does anyone know the specifics? Which nationalities and why?

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