For what it&#x27;s worth, at least part of the problem should be fixed when the EU&#x27;s Payment Accounts Directive [1] comes into effect [2]. It prohibits both discrimination on the basis of nationality (as long as the customer is legally resident) in article 15 and enshrines the right to a basic bank account in article 16.<p>This does not solve the other problems with FATCA, but it should eliminate at least one practical and very real annoyance for Americans living in the EU.<p>[1] <a href="http:&#x2F;&#x2F;eur-lex.europa.eu&#x2F;legal-content&#x2F;EN&#x2F;TXT&#x2F;?uri=CELEX%3A32014L0092" rel="nofollow">http:&#x2F;&#x2F;eur-lex.europa.eu&#x2F;legal-content&#x2F;EN&#x2F;TXT&#x2F;?uri=CELEX%3A3...</a><p>[2] Technically, the directive is to be transposed by September 18, 2016 at the latest, but some member states may be dragging their feet.