FBAR maximum value

[Wils85]

Hi, 

   I am filling out FBAR. 

   If I understood correctly, it is asking me to list all of my financial accounts held oversea and the maximum account value in each of the accounts during the calendar year. So, I have a cheque, savings, and a mutual fund account.  There is a fund, say $200,000 and my original account balance compared to this $200,000 is so minimal, that this $200,000 will automatically be the maximum value of the year. This $200,000 has been deposited first to my cheque account for a few days then transferred to my savings account then it finally lives in my mutual fund account. So, when I am reporting, the maximum account value in my Cheque, saving and investment accounts were all $200,000 so this $200K has been accounted 3 times though it was originally just $200K but being moved to 3 different accounts at 3 different times. Should I only account this $200K once or report the maximum value as to how it appeared in my accounts? 

   Also, for the type of account, is the mutual fund account considered as a securities account or just a bank account? 

   I appreciate your help with this! 

[SusanY1]

You will report the maximum value in each account, even though that value is essentially from the same money that has just been transferred a few times between your accounts. 

I know this makes it look like you had $600,000 in one sense, rather than $200,000 that moved around, but this is the proper way to report the account values.