LuckyLuke
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- May 17, 2024
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Howdy folks,
I recently received an email from Merrill Lynch advising me that I had 90 days to show my proof of US residency or they will close my IRA account. Some googling shows this is apparently a common occurrence of major US banks since 2021 when they began closing accounts with foreign addresses.
Thing is I never changed my TX residence address, because I still maintain a house that I rent out in the US, but their system detected that I was continually accessing my account from an Argentina IP address which flagged it for closure. For those of you not using a VPN, let my carelessness be your warning.
The email says "you can provide two forms of address verification such as: a driver's license, utility bill, or rental agreement.". No problem, I sent them my Texas drivers license and my recent mortgage statement. Done....right? Nope, they are still asking for utility bills, which are all in the name of my tenant.
Has anyone else run into this? I've heard of Argentine banks giving US citizens a hard time, but I haven't seen any expats being treated this way by their US Banks.
I recently received an email from Merrill Lynch advising me that I had 90 days to show my proof of US residency or they will close my IRA account. Some googling shows this is apparently a common occurrence of major US banks since 2021 when they began closing accounts with foreign addresses.
Thing is I never changed my TX residence address, because I still maintain a house that I rent out in the US, but their system detected that I was continually accessing my account from an Argentina IP address which flagged it for closure. For those of you not using a VPN, let my carelessness be your warning.
The email says "you can provide two forms of address verification such as: a driver's license, utility bill, or rental agreement.". No problem, I sent them my Texas drivers license and my recent mortgage statement. Done....right? Nope, they are still asking for utility bills, which are all in the name of my tenant.
Has anyone else run into this? I've heard of Argentine banks giving US citizens a hard time, but I haven't seen any expats being treated this way by their US Banks.