Which option should I choose under 'Tell Us About Any Foreign Bank Accounts'?

There are two options under this question (see below) and I am having a hard time determining which one I should select or if I should be selecting both. I am currently a student in Sweden and opened my bank account in the middle of 2016 in order to received my student loans. I am guessing the second applies to me since it seems to imply opening a new account whereas the first option sounds more like I had an existing bank account all day. Any clarification would be so very helpful!

Select any that applied to you at any time in 2016:
- I had a bank, broker, or other financial account in a foreign country.

- I signed on, or had other authority over, a bank, broker, or other financial account in a foreign country.