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US citizens in the UK · Institutions

Which Quilter Invest accounts accept US citizens

Last checked

Quilter Invest has been checked for US citizens across 2 account types. 1 is closed to a US person and 1 is not on offer, whatever your nationality.

At a glance

Account type Verdict Accounts Updated
Stocks & shares ISAs Quilter Invest (formerly Wombat) Declines US citizens —
Brokerage accounts Wombat Invest (now Quilter Invest) Not offered —

Stocks & shares ISAs

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Quilter Invest (formerly Wombat)

Declines US citizens
Updated

Formerly Wombat, then NuWealth, now Quilter Invest, and the US bar survived every rename. The platform is offered only to people who are 18 or over, UK resident and not a US person, and you warrant that on an ongoing basis and must tell Quilter immediately if it changes. It does offer US shares, which is what makes the bar sting.

FSCS £85,000 · Seccl is the custodian · app only

Source: Quilter Invest app terms, clauses 3.3 and 12.2, 2026-08-17 Quilter Invest (formerly Wombat)'s own page

Brokerage accounts

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Wombat Invest (now Quilter Invest)

Not offered
Updated

There is no Wombat account to open. Quilter bought the app in 2024, it became NuWealth that June and Quilter Invest in October 2025. The successor does run a general investment account, and its terms require that you are not a US person on an ongoing basis, with a duty to tell them immediately if that changes.

Brand retired · now trading as Quilter Invest

Source: Quilter Invest app terms and conditions, 2026-08-17 Wombat Invest (now Quilter Invest)'s own page

Account names link to the provider's own site. No link on this page is paid. How Momo makes money. Every institution, A to Z.

Confirm your own position with a cross-border specialist. Acceptance policies and tax rules change, and your facts may differ from the general case. Rates and terms here are the provider's published figures rather than an offer, and the provider decides each application on its own criteria. Use this as a map, not a ruling. Last checked .
Tax

PFIC

Almost every UK-domiciled fund is a PFIC, taxed by the US at punitive rates with heavy filing. This is why US citizens hold individual shares, not UK funds.

 Tax

ISA US tax

The IRS does not recognise the ISA wrapper. Cash ISA interest and stocks ISA gains are taxable on your US return, and fund holdings drag in PFIC rules.

 Tax

FATCA

Do UK banks report your account to the IRS? Yes, through HMRC, under FATCA. It is a reporting law, not a tax. Where it bites is access.