Current issue bank of america spokesperson christopher feeney says the company does not ask for any actual proof of citizenship just a customer s word and that it does not share that
Tweets dating back to september 2017 show people tweeting at bank of america and asking why their citizenship status is being questioned bofa help why is bank of america asking if i have dual
Dual citizenship is when a person is a citizen of two countries at the same time with all the rights and privileges that come with it dual citizens can travel freely in both countries as well
A spokesperson for bank of america said the bank has to collect that information because they aren t legally allowed to provide services to people from countries the u s has economic sanctions against but the spokesperson said a person who has u s citizenship can still use their account even if they are also citizens of a sanctioned country
Bank of america is facing heat for asking customers to reveal their citizenship status a predicament that illustrates how banks efforts to comply with customer identification rules carry higher risk at a time when many immigrants feel threatened by president trump the charlotte n c company has been inquiring about account holders
A kansas couple says bank of america blocked access to their bank account after they ignored a form demanding proof of citizenship from the husband who was born and raised in kansas the couple thought the letter was spam the account was unfrozen after he supplied a driver s license at a branch dan hernandez a television writer of cuban heritage who owns a company called cuban missile
A branch office of bank of america in new york in november 2017 bank of america corp has reportedly frozen or threatened to freeze accounts after asking about customers citizenship status
Like other banks we ask for information about citizenship so that we can comply with country specific sanctions as well as customer due diligence requirements imposed by the u s government citizenship status is not considered when it comes to establishing bank accounts and citizenship status of our customers is not shared with any other party
Bank of america spokesperson christopher feeney says the company does not ask for any actual proof of citizenship just a customer s word and that it does not share that information with any government entities it insists that this policy is not enforced selectively with regard to what the government considers higher risk customers
Bank of america spokesman feeney described the government s various sanctions against other countries as the root of an array of regulations that led the bank to ask about citizenship knowledge of a customer s dual citizenship for instance angotti said might keep a bank from questioning why a customer is sending money out of the country
Bank of america spokesman feeney described the government s various sanctions against other countries as the root of an array of regulations that led the bank to ask about citizenship knowledge of a customer s dual citizenship for instance angotti said might keep a bank from questioning why a customer is sending money out of the country
The application form asked about dual citizenship which i answered truthfully without giving it a second thought to my surprise pre approved 800 credit score 4 years relationship including a previous cc platinum honors with over 200k in assets with them the application was instantly denied
Bank of america said it was standard practice to ask about citizenship status when opening a new account or updating customer information on an existing one but according to the california bankers
The reason is simple they are a regulated bank that has to comply with the treasury department s office of foreign assets control which enforces economic and trade sanctions if they do not know which citizenships you hold they risk running foul of those regulations kyc is a thing 6 dethstroke54
Yes the united states generally allows dual citizenship meaning individuals can be citizens of the united states and citizens of another country simultaneously the u s government does not explicitly prohibit or restrict individuals from holding dual citizenship and there are no specific laws or regulations that prevent u s citizens from
See what other people are asking and the advice they 39 re getting
Dual citizenship is a type of immigration status in which you have citizenship in two countries at the same time for example you could simultaneously be a citizen of the united states and the
However federal law doesn 39 t prohibit banks from opening accounts for non u s citizens and must only request and confirm their name date of birth residential address and social security number some banks may request citizenship information as part of efforts to curb international money laundering but there is no statute prohibiting banks
Posted on dec 20 2017 the easiest way to discover is to ask the client representative at boa there is nothing there that they cannot disclose to their own client there are no secret non publicly available agreements between banking and u s government all the reporting requirements are public knowledge and should be available to you upon
Dual citizenship means that a person is a citizen of two countries having legal rights and obligations in connection with both countries persons may gain dual citizenship automatically in some situations and others may obtain it through choice the u s government recognizes that dual citizenship exists but does not encourage it as a matte
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