# Bank for US Person Investing in Funds - Bison, BIG, Atlantico Premium

**URL:** <https://community.nomadgate.com/t/bank-for-us-person-investing-in-funds-bison-big-atlantico-premium/57410>\
**Category:** Portugal Golden Visa\
**Created:** [April 6, 2023, 12:25am UTC](https://community.nomadgate.com/t/bank-for-us-person-investing-in-funds-bison-big-atlantico-premium/57410 "2023-04-06T00:25:45Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![Korion](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/k/b77776/32.png) [@Korion](https://community.nomadgate.com/u/Korion)\
**Post date:** [April 6, 2023, 12:25am UTC](https://community.nomadgate.com/t/bank-for-us-person-investing-in-funds-bison-big-atlantico-premium/57410/1 "2023-04-06T00:25:46Z")

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While it may be too late I’m still going to try the investment in [IMGA](https://nomadgate.com/go/imga-portugal-fund?source=forum) Portugal funds for the GV.

As a US person I understand my options for banks to hold the investments are [Bison](https://nomadgate.com/go/bison-bank?source=forum), BIG, or Atlantico. Is that correct?

Crawling this forum I see a lot of good comments about [Bison](https://nomadgate.com/go/bison-bank?source=forum) but when I try to open an account online it has me send an e-mail to an account at [Bison Bank](https://nomadgate.com/go/bison-bank?source=forum) which bounced - not comforting. Does anyone have a working contact with [Bison](https://nomadgate.com/go/bison-bank?source=forum)?

BIG’s site is all in Portuguese.

Atlantico seems to be the best option as [Bordr](https://nomadgate.com/go/bordr?source=forum), the NIF procurement service I’m using, has the ability to open the accounts.

Can someone confirm Atlantico is FATCA compliant for US persons? Any negatives with Atlantico?

Thanks!

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**Author:** ![rj2002cc](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/r/d07c76/32.png) [@rj2002cc](https://community.nomadgate.com/u/rj2002cc)\
**Post date:** [April 6, 2023, 3:58am UTC](https://community.nomadgate.com/t/bank-for-us-person-investing-in-funds-bison-big-atlantico-premium/57410/2 "2023-04-06T03:58:34Z")

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Try reaching out to [Nuno da Rocha Correia](https://nomadgate.com/go/bison-bank?source=forum) at [Bison](https://nomadgate.com/go/bison-bank?source=forum).

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**Author:** ![michaelsmith](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/m/e68b1a/32.png) [@michaelsmith](https://community.nomadgate.com/u/michaelsmith)\
**Post date:** [April 6, 2023, 5:16am UTC](https://community.nomadgate.com/t/bank-for-us-person-investing-in-funds-bison-big-atlantico-premium/57410/3 "2023-04-06T05:16:20Z")

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Note, my info is from 2021.

I am US Resident so same situation and was looking at funds in 2021 (but ultimately didn’t proceed beyond bank account opening).

I opened an account with [Bison](https://nomadgate.com/go/bison-bank?source=forum) due to US FACTA compliance, but [Bordr](https://nomadgate.com/go/bordr?source=forum) was recommending Atlantico as they were also compliant and [Bison](https://nomadgate.com/go/bison-bank?source=forum) was really busy at the time.

I would STRONGLY recommend 2 things:

- Work with someone IN Portugal who has contacts in the banks
- Ask the bank their processing timelines, they could vary from a few days to several weeks so your choice of bank might be heavily influenced by this

I didn’t open up a Funds based account in March as I went Residential this year but Atlantico was pretty smooth opening myself for a non-Funds account, but a Funds account might be a lot slower for regulatory reasons.

**Is it too late?**  
Perhaps, it depends what you’ve already done. Whilst you wait for Bank Account to open, if you line up everything else (Get your docs like Background Check + Apostille Requested, Select & Start Uploading Docs to Laywer, Select Investment and maybe send them a deposit via WIRE) then you can potentially have an SEF Application by end of April.

Fingers crossed they decide to put a favorable date in new laws like 1 May/1 June/etc. as the cutoff date, I know they are talking about 16 Feb, but with all the constitutional talk around, they might just be “all talk” and slip in 1 May into the bill to avoid constitutional issues, meanwhile their “tough talk” spooked away investors which was their real goal.