You still need to pay taxes or receive refunds, manage mortgage payments, or collect rent. However, many US banks and credit unions close accounts or impose extremely high minimum balance requirements when they learn you are no longer a US resident.
Despite there being no law against Americans living abroad maintaining US bank accounts, many financial institutions adopt these policies due to FATCA and other regulations.
This leaves many expats in a difficult position, either concealing their movement and living in fear of discovery or relying on family and friends for basic financial transactions.
This is where Coast Finance steps in. We specialize in providing seamless and secure banking solutions specifically tailored for US expats living overseas. Our comprehensive suite of financial services ensures you can enjoy all the benefits and conveniences of a US bank account, no matter where you are in the world.
From managing your finances with ease to accessing essential banking features like online bill pay, mobile deposits, and international transfers, we are dedicated to making your banking experience as straightforward and efficient as possible.
Discover how we can help you stay connected to your financial roots while embracing your global lifestyle.
Stay Connected to Your Finances, Wherever You Are
Easy Access, Secure Banking, Tailored for U.S. Citizens Abroad.
Your global lifestyle deserves seamless banking.
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Coast Finance is a financial technology company, not a bank. All banking services and card issuing are provided by partner banks, Member FDIC, pursuant to a license from Mastercard.
