Do I have to file FBAR next year if my foreign account is below 10k ( I filed FBAR for 2023 because it was over 10k)?

[Shogun159]

I had over 10k in a foreign account in 2023, so I filed FBAR for it in 2024. That amount went below 10k before 2024 and will remain that way.

The question: do I need to file another FBAR stating that the amount in the foreign bank I have is below 10k in 2024? Do I also do that for subsequent years (2025, 2026, etc....) Is there a way to let them know that my account is below the threshold and not have to file it

[MinhT1]

No. You don't need to notify anybody that your foreign bank account did not reach $10,000 at any time in 2024.

Just don't file an FBAR for 2024 in 2025, and for any future years when the account is below $10,000.