FBAR Filing Help - Do I Need to Report ALL Foreign Accounts on FBAR, including $0 balance accounts?

[parachem]

I need to file an FBAR for 2023 because one of my foreign bank accounts exceeded $10,000 at some point during the year. I also have 3 other foreign accounts with very low balances (all under $200, some even at $0). Do I need to report all my foreign accounts on the FBAR, even the ones with zero balances? Any insight here would be greatly appreciated.

[mb11616]

No, you only need to report the accounts where balances exceeded $10K during the year.

[DaveF1006]

According to the US Treasury website, an FBAR must be filed if the aggregate value of all foreign financial accounts exceeds $10,000 at any time during the calendar year. Please view the FBAR  line by line instructions. 

The term aggregate would suggest that all financial accounts should be reported.

@parachem 

[parachem]

Thank you, @DaveF1006!