EPSTEIN / Bank account in France

After investigation with several banks, it may prove (almost) impossible to open a new bank account in France, mainly based on the fact that you have an American passport NB: something to do with implementation of Foreign Account Tax Compliance Act - FATCA - and sort of "retaliation" by French banks against US citizens!!!

Best regards.

Marie-Joseph Experton
Avocat au Barreau de Paris établi à Bruxelles

can we have a house account in valdsons name?

In theory, yes, except that "tax" risk for him + "social charges" risk for yourself.

NB: Valdson has an AMERICAN EXPRESS card in his name linked to account in the US (with no code).

My suggestion:

• BNP account maintained for automatic payments for utility bills (so long as it works!),

• use by Valdson of current AMERICAN EXPRESS card for payment in shops in France,

• new credit card + new AMERICAN EXPRESS card with code, linked to account in the US for cash withdrawal in France (as he had a few years ago),

• on exceptional basis: I can make some "advances" through my own personal bank account in France (so long as I get reimbursed of exactly same amount: debit first + credit to compensate in case of control) as done early May for payment of the social security charges.

Need a few more days to make further contacts to find a better solution!

Best regards.

Marie-Joseph Experton
Avocat au Barreau de Paris établi à Bruxelles