Can any US citizens/tax-persons, resident outside the US, confirm that they (or Americans they know) can't open a residence-country bank account due to FATCA (or have had their existing acc. closed by a local-country bank)?
Since 2019 was to be the deadline for foreign countries/banks to formally agree to comply with FATCA, it seems likely that only now will the shite actually start to hit the fan in this matter. (It's just my guess that the banks too may take a good while to figure out what's going to be their actual policy on this - i.e. withdraw/refuse services to Americans or not. Are the problems with their compliance with FATCA (reporting on the banking of US persons), going to be so troublesome that they will actually refuse bank-acc services? - which they can do BTW.)
In a worst-case situation (foreign bank acc in residence country refused) will it always be theoretically possible to exist without a bank account? In my country of residence I've been looking for other banking possibilities. One could be "credit union" banks ("cooperative" banks), though until I go there and ask, it's only a guess whether these too have financial dealings extending to the US (which will make them vulnerable to FATCA regulations). [PS- sorry if this question is garbled but the topic is complicated - and important to potentially many people.]