Many Canadians are familiar with the 1962 animation of Stephen Leacock’s early 20th century humorous tale of a young man’s attempt to open his first bank account. It’s worth a view, even if you’ve seen it many times before. Here’s the link:
Now, instead of a young man rattled by a bank, think of a U.S. person having to deal with a financial institution under a Canada-U.S. FATCA IGA.
Although an IGA has yet to be announced, some FIs are already collecting information.
Similar to the Border Crossings thread, perhaps we can relate our own experiences, either in person or through online account opening. Any other information on account opening, from any source, would also be useful. It would be helpful to distinguish between banking, investment and other types of accounts.
If you have already posted your ‘story’ elsewhere, please post it again here.
And, input from our friends in other countries is most welcome.