For example, I have the Robinhood app. I’m asked to verify residence ONLY via a state id (not a passport or otherwise).
As a taxpayer living abroad, I usually use passport, or utility bill. In this case, I specifically must prove residence via a state id, what the?
The next time I fly back, I should get a state id, I suppose - real Ids last 8 years. Any other way to handle this? USA banks hate Americans being abroad as much as foreign banks do. As a taxpayer, I should simply be able to prove my foreign address in Taiwan and show my passport (federal id, which SHOULD be more powerful than a state id). Shame requirements aren’t setup based on logic.
Well I guess if you are doing financial things, you would need that state ID to levy state income taxes, no? And don’t you have a driver’s licence in your home state? I kept my Ontario one.
I think they‘re pretty clear about their requirements on their website:
To apply for a Robinhood account, you’ll need to meet the following requirements:
Be 18 years or older;
Have a valid Social Security Number (not a Taxpayer Identification Number);
Have a legal U.S. residential address within the 50 states or Puerto Rico (we may make exceptions for active U.S. military personnel stationed abroad); and
Be a U.S. citizen, U.S. permanent resident, or have a valid U.S. visa*.
If you don’t reside in the US (i.e. you live in Taiwan), then you’re probably not eligible to register. If you still register, they might terminate and / or freeze your account on short notice once they find out.
I DO have a USA residential address (I have homes both in Taiwan and USA) there and I am a US citizen. They didn’t state I need to physically be inside USA, just that I have a verified USA presence (which I have).
It’s because New York State requires an additional license for crypto and exchanges need verify the state residency of customers before offering them services.