Dutch MPs call for action on accidental Americans bank accounts

2 min
Published on: 01-12-2020 Last modified on: 30-01-2024

According to Dutch News: Dutch MPs debated the problem of accidental Americans, who face losing their Dutch bank accounts because they also have the US nationality. 

A majority of MPs want finance minister Hoekstra to take action. “We don’t have time to think about this for long. These people are now losing their bank account and a solution must now be found.,” parliamentarian Helma Lodders (VVD) said in NRC Handelsblad.

Dutch banks threatening to close accounts

The banks are threatening to close the accounts of people with American nationality, unless they can furnish them with a TIN/SSN. or CLN.  There are thousands of Dutch nationals with also the American nationality who do not have a tax number because they have never lived or worked in the United States. 

American legislation FATCA and accidental Americans

The American legislation, known as FATCA (Foreign Account Tax Compliance Act) requires all US citizens to provide the US government with information about any financial assets including bank accounts, houses, and more. It also requires non-US banks with American clients to provide the IRS with information about those assets. 

It is estimated that some 20,000 people fall into the category of accidental American. A spokesman from Dutch Banking Association (NVB) said that since its introduction in 2013, the sector has informed customers about US legislation, and has also warned Dutch politicians about the consequences.

Bank agreement, EU letter to US authorities

Finance Minister Hoekstra told the MPs that the banks have agreed not to close the accounts of accidental Americans. In addition, the EU is preparing a letter to US authorities calling for talks on the problem at the EU level.

Read our previous coverage of FATCA and the EU:

Americans Overseas: information for Accidental Americans

Americans Overseas informs local and European parliaments about the effects and problems European citizens have with these (recently) enforced laws.

We started this initiative to help people from all over the world by providing proper information to avoid unnecessary panic and offering help free of obligation and free of charge. If needed, we have a network of affordable professionals (accountants) who can help you with your tax obligations.

If you have more questions about the consequences of FATCA for accidental Americans, you can contact us at Americans Overseas.

Contact us for more information


Source: Dutch News, NRC

Sign up for the newsletter to keep up to date.

Stay up-to-date with all information you need as an expat.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Frequently asked questions

Understanding the US tax system, the obligations, and all the additional terms can be difficult. Especially if one lives outside of America. Is your question not answered? Contact us.

More news

View all news