Hello Sir or Madam,
When I reported the foreign financial accounts, I have
- foreign bank accounts
- security account (without stock, just an account number)
- foreign life insurance policies
- electronic wallet (WeChat Pay, PayPal, etc.)
When I select the account type, the options are only "Deposit" or "Custodial".
My questions are:
1. Is that correct that I report these accounts as "Foreign Financial Accounts"? I mean, not reporting them as "Other Foreign Financial Assets"?
- security account (without stock, just an account number)
- foreign life insurance policies
- electronic wallet (WeChat Pay, PayPal, etc.)
2. If yes, then, I choose "Deposit" for my foreign bank accounts. What account types should I choose for these accounts?
- security account (without stock, just an account number)
- foreign life insurance policies
- electronic wallet (WeChat Pay, PayPal, etc.)
Thank you very much.
Best regards,
Renee
