What is the FBAR $10,000 threshold?
The FBAR $10,000 threshold is aggregate across all foreign accounts. Learn how it works, what counts toward the limit, and common mistakes expats make.
The $10,000 FBAR threshold is aggregate across all your foreign financial accounts. You must file FinCEN Form 114 if the combined maximum value of all accounts exceeded $10,000 at any time during the calendar year. This includes checking, savings, brokerage, and certain pension accounts held with foreign financial institutions. Even if no single account exceeded $10,000, the aggregate total triggers the filing requirement. For 2026, non-willful penalties assessed on or after January 17, 2025 can reach $16,536 per unfiled form per year. Willful violations carry penalties of $165,353 or 50% of the account balance.