hTTi

I’m seeking suggestions on where in Germany, with my German Euros, I could get an investment account similar to a Charles Schwab account that lets me put money in mutual funds/ETFs and also buy stocks. Anyone got a tip?

If I missed a thread with answer, sorry.

We all know Fatca makes banking by US citizens trouble for the bank.

Thanks

I don't think that any German institution would work with US citizens. Yet to hear about one.
There is a problem with some bank officers even if you want to open just a regular Savings account.

Nixon wrote: ↑Tue Oct 15, 2024 11:33 am I don't think that any German institution would work with US citizens. Yet to hear about one.
There is a problem with some bank officers even if you want to open just a regular Savings account.

Absolute rubbish! I rarely state such a thing to a person, but you are 100% incorrect.

Foreign nationals can have saving accounts at banks and can also have investment accounts.

https://crcie.com/

Heh, Bayrisch_Dude at his best
What was so bad in my post to deserve such a supportive comment?
Relax, this is a place where we try to help each other, not to put down somebody in order to be seen as "smart".

Yes, savings accounts are available, but that was not OP's question.
It is good to hear about investment options since by now I haven't heard of any bank that would open an investment account for the US citizens. We had hard time even in some situations for savings account, like a few months ago at Santander.

Is there an option where you can open an investment account like Etrade or Vanguard where you can do the stuff by yourself with no high fees applied by brokers? IRA accounts?
How about investment accounts of a 401K type where you can invest your pre-tax money?
Taxes are getting even higher, just trying to defer/lower them as much as possible.

Have a good one.

Bayrisch_Dude wrote: ↑Wed Oct 16, 2024 8:06 am

Nixon wrote: ↑Tue Oct 15, 2024 11:33 am I don't think that any German institution would work with US citizens. Yet to hear about one.
There is a problem with some bank officers even if you want to open just a regular Savings account.

Absolute rubbish! I rarely state such a thing to a person, but you are 100% incorrect.

Foreign nationals can have saving accounts at banks and can also have investment accounts.

https://crcie.com/

Okay. New ideas.

How about Ireland? They speak English and use the Euro and have a big American diaspora. Anyone know about options for a U.S. citizen in Germany to have an Irish investment account?

Or an online bank like Revolut? Revolut may be UK based but it advertises to both USA and Germany. Any Americans in Germany using Revolut to do Euro-denominated investing?

Okay, Revolut doesn’t work for Americans in Germany either. They’ll give a free banking account with virtual debit card to Americans - but no brokerage account for Amis.

Ireland ?

Hoping not to upset/trigger anybody

I am assuming that you would have to be a resident of Ireland in order to open an account overhtere, Even though it is EU. Same like in the USA, you have to give them a US address if you want to open an account.

Btw, last week I have sent a question to https://crcie.com/ (recommended by Bayrisch_Dude). No reply from them yet.