FBAR Threshold Checker
Check if your foreign financial accounts require FBAR (FinCEN Form 114) or FATCA (Form 8938) reporting. Add all your foreign accounts to see your filing requirements.
Account 1
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Filing Requirements
Total Maximum Value Across All Accounts
$0
FBAR (FinCEN Form 114): Not Required
Aggregate balance ($0) is below the $10,000 threshold.
Form 8938 (FATCA): Not Required
Below the $50,000 (year-end) / $75,000 (anytime) threshold.
Based on the balances entered, you are below the reporting thresholds. However, consult a tax professional if you are unsure.
This calculator provides estimates for educational purposes only. Consult a qualified tax professional for advice specific to your situation.
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Frequently Asked Questions
FBAR (FinCEN Form 114) is a report filed with the Financial Crimes Enforcement Network disclosing foreign financial accounts. You must file if the aggregate value of all your foreign accounts exceeded $10,000 at any point during the year.
FBAR is due April 15, with an automatic extension to October 15. No extension request is needed. The form is filed electronically through the BSA E-Filing System, not with your tax return.
Form 8938 is filed with your tax return if you have specified foreign financial assets exceeding $50,000 (single) or $100,000 (MFJ) at year-end, or $75,000/$150,000 at any point during the year. It has higher thresholds than FBAR.
Non-willful violations carry a penalty of up to $10,000 per account per year. Willful violations can result in penalties up to $100,000 or 50% of account balance (whichever is greater), plus potential criminal prosecution.
Possibly yes. FBAR and Form 8938 are separate requirements with different thresholds and different agencies. If you meet the thresholds for both, you must file both. Many NRIs with significant foreign accounts need to file both.