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Expat Nightmare: U.S. Banks Are Closing Accounts – Are You Next?

Автор: MPR – Life Abroad After 60

Загружено: 2025-06-16

Просмотров: 40264

Описание: Your U.S. Bank Account Is at Risk If You Live in the Philippines– Here’s Why
The 3.5% Tax is in the "BIG BEAUTIFUL BILL" that is in the Senate now.
Thank you for your support BUY ME A COFFEE https://buymeacoffee.com/mikesphiliX
Many American expats are waking up to a harsh reality—U.S. banks are closing accounts if they suspect you no longer live in the United States. In this video, I explain why this is happening, what the Patriot Act has to do with it, and how you can protect your accounts.

I also share real stories of expats in the Philippines who lost access to their bank funds—and what they did to fix it. Plus, I break down the truth about the rumored 3.5% remittance tax and what Wells Fargo is doing starting June 1, 2025.
Join our channel to get access to perks:
   / @mikesphilippineretirement-mpr  

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00:00 - Intro: Losing Your U.S. Bank Account Abroad
00:35 - Real Viewer Email: "My Account Was Closed!"
01:00 - Why It Happens: Patriot Act and U.S. Bank Rules
02:20 - Wells Fargo's New June 1st 2025 Notice
03:00 - Charles Schwab Account Closure Story
05:15 - Don’t Use a P.O. Box! Real Story of Recovery
06:55 - What NOT to Say to Customer Service
08:00 - Another Case: Account Garnished and Closed
09:05 - The Importance of a U.S. Physical Address
10:00 - 3.5% Remittance Tax – What It Really Means
11:15 - Credit Cards Can Get Closed Too
12:00 - My Strategy: Keeping Accounts Active
13:10 - Using Debit Cards and Transfers Smartly
14:20 - Final Advice: Don’t Get Locked Out of Your Money

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Expat Nightmare: U.S. Banks Are Closing Accounts – Are You Next?

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