But it doesn’t make up for the dozens of hours of paperwork and careful tip-toeing on investments and other garbage.
Just an FYI: one hiccup I heard of giving up your US citizenship is that banks didn’t recognize you could be born in USA but not a US citizen.
I had this issue just last month with a UK financial institution (Raisin). I tried to explain it but they obviously were not interested. I actually still have my citizenship (I'd love to renounce but that's currently impossible) but I felt it was worth pointing out their policy was unnecessarily discriminative.
Of course, the US claims to extra-territorial jurisdiction, and bullying of global financial institutions to enforce their crazy inter-planetary tax system, are totally preposterous.
Elon - renounce before blast-off!
You then answer no and that's all, they do not check further.
There may be a check against the form element "place of birth" but I doubt so.