Frequently Asked Questions


Why do I have to tell you during the application process whether I am a US citizen, US resident alien or US tax resident?

MeDirect asks this question because of the Foreign Account Tax Compliance Act (FATCA), a US law which requires non-US financial institutions to provide the US tax authority (the Internal Revenue Service or IRS) with information on certain US persons with accounts outside of the United States. In order to comply with FATCA, non-US financial institutions need to set up specific procedures to provide this information. Unfortunately MeDirect has not yet established the procedures needed to meet these obligations. Therefore, if you qualify as a US person, we are at this moment unable to complete your request to open an account with MeDirect.