You may find the summary of foreign bank accounts subject to FBAR/FATCA reporting in this table. Please notify all existing accounts, even if the balance is 0.

Account to be reported on FBAR (FinCEN 114)

  • Checking account held in a Non-US domiciled bank

  • Savings account held in a Non-US domiciled bank

  • Checking account held at a Non-US branch of a US-domiciled bank

  • Savings account held at a Non-US branch of a US-domiciled bank

  • Non-US financial account over which you have signature authority

  • Non-US securities or stock held in a foreign financial institution

  • Non-US accounts owned by a foreign entity in which you have at least 50% financial interest

  • Non-US accounts held by either a foreign or domestic trust with which you are associated

  • Foreign life insurance policy with cash value

  • Foreign annuity contract

  • All pension accounts should be reportable on the FBAR

Accounts or items to be reported on Form 8938:

  • Checking account held in a Non-US domiciled bank

  • Savings account held in a Non-US domiciled bank

  • Non-US mutual funds

  • Non-US financial accounts held by either a foreign or domestic trust with which you are associated

  • Non-US hedge funds

  • Non-US private equity funds

  • Non-US life insurance policy with cash value

  • Non-US annuity contract

  • If you have an interest in a foreign pension or deferred compensation plan, you have to report this interest on Form 8938 if the value of your specified foreign financial assets is greater than the reporting threshold that applies to you.

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