Do spouse need to file separate FBAR?

[chowdarygm]

Here is my situation. I own one foreign bank account; my wife owns one foreign bank account and we both hold one foreign bank account. In the last year, the bank account I own and we jointly own exceeded the FBAR reporting limit (but not the Form 8938 limit), but not the account my wife owns, so I am planning to file FBAR with the details of only my bank account and the joint bank account with wife's details. In this scenario, does my FBAR filing along with her details is sufficient and my wife does not need to file a separate FBAR as her own account did not exceed the limit? Is my understanding right?

[Vanessa A]

Yes, if she does not have other accounts that she must report then you can file just the one, there is not a separate one needed.

The spouse of an individual who files an FBAR is not required to file a separate FBAR if the followi...