Yes, the procedures are the same. Foreign accounts that you own (just own) must be reported, HERE, annually if at any point during the year the aggregate amount of foreign assets that you have in accounts is $10,000 or more. This includes accounts in your sole name, your joint name, or in which you have any authority (you can sign for.)
This is an information report only, it does not have a tax and it has nothing to do with income. It is just a report if you have foreign assets. A transfer from one foreign bank account to another foreign bank account, when values exceed $10,000 USD equivalent, would mean you have 2 accounts to report for that calendar year - but you have not created any income in moving money between accounts.
Withdrawing money from your own account or transferring to a different it does not trigger any income or income tax reporting.
@BeartOvi
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