Major banks in the Czech Republic will not issue checking accounts to US citizens because of the costs of FACTA. This leaves expats with large, bureaucratic, formerly state-owned banks, like Ceska Sporitelna, which charge exorbitant fees and have dubious customer service. FACTA is a big problem. It is comical that major banks in Europe have a &quot;No Americans&quot; policy because of this stupid legislation; it needs to end.