Moderator: Charlie Phillips
timmyjames wrote:I am a US citizen, have a US address, a US bank account, and use an online US brokerage. Seems to be going smoothly now, but, in the future, I could be losing my US address.
I fear that this could cause some banking issues with my US bank account, and thats where my funds from my brokerage account go.
Does anyone have any clue how to avoid this potential issue?
timmyjames wrote:Hmmm, well here's to hoping I can get my bank to change my address w/o any b/s...ty for the info.
CraigTPE wrote:timmyjames wrote:Hmmm, well here's to hoping I can get my bank to change my address w/o any b/s...ty for the info.
Dunno why they should give you any trouble. As long as you have a US social security number for tax reporting, that's all they care. I changed mine online with both Vanguard and my credit union. Pretty routine,...
Jive Turkey wrote:I used my parents' address when opening a Vanguard account years ago, and have since changed the address to here in HK. I seem to remember others saying on this or another forum that Vanguard and Fidelity will definitely let you open with a US address and then change it to overseas, but have at times not allowed US citizens to open the account with a foreign address.
If all you want is mutual funds, then Vanguard is fine for an overseas American. If you want to trade individual stocks frequently, though, I wouldn't recommend them as their brokerage service does not have the greatest customer service. Fidelity or T. Rowe would probably be better in that respect.
You can definitely trade US stocks from brokerages in Taiwan or Hong Kong, but you will pay more for the trades. You may eventually be tossed to the curb by such institutions anyway as they are becoming increasingly paranoid about being accused by the IRS of helping US tax dodgers.
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