Curious if folks have details about this. I have two friends in London, as well as myself, who have US citizenship through parents (one has never even been to the US), who say that despite using Monzo prepaid for a while they were asked a question about citizenship when converting to the current account that denies current accounts to users based on their US citizenship. I am not yet on the current account and don’t believe I’ve been offered one yet, so a few questions. Bear in mind i’m a lifelong UK citizen and have only been to the US once when I was 12:
Is this true or is it one of those misconceptions that often get spread about new companies/ products?
If true, is this even legal? I don’t think you can discriminate against protected classes even if there are additional compliance costs (re: FATCA). National origin is a protected class.
What happens if you just lie anyway? One of them did and says it hasn’t been a problem