Expat Community > Italy

Sergios
Joined 2010
Posts: 1476

Fidelity Bank

7 years ago

Yesterday I tried transfer some money from one of my Fidelity accounts to another of my Fidelity accounts. I could not. When I called to find out what was the deal, after several waits when the agent went off the get information, I was told that Fidelity considers Italy a forbidden location and they blocked my account. I have been with them for 3 years. I can take my money out but I could nolonger deposit money into the account, including direct deposits. My social security payment is due today but it will bounce. After hanging up very upset, I started looking for an American Bank that would let me open an account from Italy. After several tries, I found Schwab. Now the change in the social security direct deposit took the next two hours of being on hold only to find out that I have to go to the American consulate to make the change. Schwab also agreed to express the debit cards to Italy. I post this as a warning to those looking to set up a bank account.

SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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Expat Community > Italy

Fidelity Bank

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