1. Let’s say, I have $100 in bank #1. I transferred $50 from bank #1 to bank #2.
To report maximum value for each account, should it be:
bank #1: $100
bank #2: $50, even though the total amount across all account is just $100?
2. Bank in China doesn't report granular info about bank balance, so I manually calculate the account balance but not100% sure the amount is exactly correct. Should I give this “best estimated” number FBAR and FACAT, or it is better to click "unknown"?
3. Digital wallet: in China we have digital wallet such as Alipay and WeChat pay, like Venmo and PayPal. These e-wallet accounts are linked with our bank account. Should we report them as well?
If we report, could you advise how to determine the maximum value given 2 activities in digital wallet:
1) On a specific date, my mom transferred $1k to my Alipay e-wallet and I kept it in my Alipay account, so my wallet had $1k balance.
2) On a specific date, I paid something worthing $2k through Alipay e-wallet.
Should the maximum value for this digital wallet Alipay be $1k or $2k?
Thanks!
