Opening a Bank Accounts for Americans, does it even make sense? - Switzerland forums - General

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Opening a Bank Accounts for Americans, does it even make sense?

Sep 28, 2012 @ 18:19

My mother recently died and left some money (100K) for my 5 yr old son. I was considering opening a savings account for him here. I am an American and so is he.

But there are only a few banks that will even take Americans and I am told it is better not to attract attention to yourself by showing up on the IRS radar as someone who has money in Switzerland.

I would like peoples' comments.

My son is obviously a minor but I assume the IRS will still be interested. I am told people with money in Switzerland are almost always audited by the IRS.

The text you are quoting:

My mother recently died and left some money (100K) for my 5 yr old son. I was considering opening a savings account for him here. I am an American and so is he.

But there are only a few banks that will even take Americans and I am told it is better not to attract attention to yourself by showing up on the IRS radar as someone who has money in Switzerland.

I would like peoples' comments.

My son is obviously a minor but I assume the IRS will still be interested. I am told people with money in Switzerland are almost always audited by the IRS.

Helen RudinskySep 28, 2012 @ 18:19

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