Do i need to check the box for "Owned or signed on a foreign bank, broker, or other financial account" if I have a foreign account with less than US $2000?

I see that there's a threshold for filling of Form 8938 (FATCA) or FBAR, what is the threshold for each of FATCA or FBAR.  If i am within the threshold, do i still need to check the box for "Owned or signed on a foreign bank, broker, or other financial account" on the miscellaneous investment section?