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Do I need to file an FBAR?

Pick the year, then list each foreign account with its highest balance in its own currency. We convert them at the U.S. Treasury's exchange rate for December 31 of that year, the rate FinCEN asks for, and tell you whether you crossed $10,000. Nothing you type leaves your browser.

Reviewed by Lewis Grunfeld, CPA
Which year?

Each FBAR covers one calendar year. The Treasury publishes its December 31 rates in early January, so the 2026 rates arrive in January 2027.

Your foreign accounts

Bank, savings, investment, pension and cash-value insurance accounts, plus any you can sign on. Use each account's highest balance during the year, and pick its currency.

Where do you live?

Good to know

It's the totalThe $10,000 is for all accounts combined, using each one's highest balance.
Every account countsOnce you're over, every foreign account goes on the FBAR, even small ones.
No tax dueThe FBAR is a report, not a tax. It's filed free, online, with FinCEN. Learn more.

Helpful reading

GuideFBAR penalties explainedThe real numbers. IRS programDelinquent FBAR proceduresFixing missed years. FormForm 8938The higher FATCA threshold.