TurboTax meant that you do need to file the Report of Foreign Bank and Financial Accounts but you do not need to File Form 8938.
If you say no, that your foreign financial accounts are not more than $10,000 then you do not need to file the FBAR. My suggestion is to file the FBAR if you have any questions at all about whether or not you should file. The US Treasury is very focused on foreign financial accounts.
Make sure you have used the correct exchange rates to verify the amounts: In the case of non-United States currency, convert the maximum account value for each account into United States dollars. Convert foreign currency by using the Treasury's Financial Management Service rate (select Exchange Rates under Reference & Guidance)Treasury Reporting Rates of Exchange for the last day of the calendar year.
Comparison of Form 8938 and FBAR Requirements
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