With all the chaos in Washington right now, I’m low key worried about Musk and his goons managing to fuck up the FDIC. If that happens, we’re looking at simultaneous bank runs on every bank in the country.

Is it possible for a US citizen, without actually traveling to a foreign country, to open up a bank account in Canada or Europe somewhere and transfer some funds there? I’m not quite at the point of “liquidate everything and get it out of the country.” But having a hedge in the form of an emergency fund in a Canadian or European bank account is very tempting right now.

Is this sort of thing possible? Can you open up a foreign bank account remotely? Or is this the kind of thing you can only do by physically traveling to a foreign country, walking into a bank branch, and opening an account there? And can you open up a bank account in a country without having any citizenship or residency there?

Basically, is it possible for a US citizen, whose only nationality or immigration status is American, to open up an account in Canada or Europe without physically leaving the borders of the US?

Sorry if this is a silly or stupid question. I don’t have a lot of experience with international banking.

  • Sl00k@programming.devEnglish
    35·
    1 day ago

    One of Trump’s biggest issues with Canada is supposably US banks not being allowed access. I would not put it past him to attempt to deny the reverse on a whim leaving you high and dry.

    I know it’s very hated but this is precisely why crypto was created, just keep it in a stablecoin (USDT, DAI) instead of a variable price coin. Obviously it’s not usable as a payment system yet, I typically use credit cards for everything then pay them off monthly.