FBAR - Reporting multiple FDs

Forum|Forum|1 year ago
April 4, 2025
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I am filing my FBAR and have a question. I have a savings account that is linked to fixed deposits. I understand that I need to separate out the savings account from the FDs. On the FD side, do I have to fill one page for each FD or I can total them up and make that the maximum value? Thanks

DaveF1006

When reporting fixed deposits (FDs) on your FBAR (Foreign Bank Account Report), you generally need to report each foreign financial account separately rather than combining them into a single total. Each FD is a separate account, so you would usually fill out one page for each FD to report its highest value during the year.

However, if all your FDs are in one account number at the same bank, you may be able to report them together as one account. It’s always best to check the official IRS guidance or consult a tax professional to ensure compliance.

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