@SusanY1 , I would like to point out that "petty cash " account for entities is really a custodial account i.e. the person is acting as a trustee for the entity. For FBAR and FATCA purposes it is more like a trust account operated for and and on behalf of a person that legally may not or cannot -- such as a child or ad debilitated / incapacitated loved one. No ??
