Foreign Bank Account Reporting

Need help filing an FBAR? We can help!

Filing an FBAR can be complicated—especially for Americans living overseas. Fortunately, you don’t have to figure it out on your own.

At Greenback Expat Tax Services, we specialize in helping expats manage their US taxes. Our team of CPAs and IRS Enrolled Agents have helped hundreds of Americans around the globe file their FBARs accurately and on time. We’d be happy to help you too.

For a fee of $100, Greenback will prepare and file an FBAR on your behalf covering up to 5 accounts. Additional blocks of 5 accounts are only $50 more. . For example, if you needed to report 15 accounts, the full fee would be $200—$100 for the first 5 accounts, $50 for the next 5, and another $50 for the final block.

Our FBAR filing service is designed to make the process as easy as possible for you. Just get in touch, and we’ll take care of the rest.

Let us take the headaches out of your FBAR filing!

How does the FBAR work?

The FBAR (Foreign Bank Account Report) is only required if you have a financial interest in one or more overseas financial accounts and the total value of all of the financial accounts combined was $10,000 or more during any point during the tax year.

To file an FBAR, you will use FinCEN Form 114. This form must be filed electronically with the US Treasury Department (not the IRS) by April 15. There is an automatic extension of 2 months for US citizens living abroad to June 15. And this year, an additional automatic extension is available, which extends the due date to October 15.

Why file your FBAR with Greenback Expat Tax Services?


You can count on your CPA or IRS Enrolled Agent working directly with you through the FBAR reporting process (and beyond!).


With years of experience helping expats manage their US taxes, we are experts in filing FBARs for our clients.


We understand the importance of keeping your financial account information safe and secure. We only share information with you (and receive information from you) via a secure private folder, which uses the same security encryption as most banks use.

Easy to work with

We make it easy for you to get your FBAR filings done. You will work with the same accountant to file your FBAR as your tax return.

Foreign Bank Account Reporting Cost: $100+ USD
Price covers up to 5 accounts. Each additional 5 account block costs $50.

Get Started Now

FBAR Filing Pricing & Service

How do I know if I need to complete the Foreign Bank Account Reporting (FBAR)?

Anyone with $10,000 or more (USD equivalents included) in a foreign bank or financial account at any point during the calendar year will be required to file the FBAR. So, if your bank account in a foreign country typically has a balance of $9,950, but for one day has an extra $50, you will need to file an FBAR. Cumulative balances are also counted, so if you have $3,000 in four separate accounts, you will be required to file the FBAR. The US Department of the Treasury can impose significant penalties for failing to file, including the seizure of assets. If you are behind on filing FBAR, we recommend you get caught up as soon as possible. Learn more about FBAR Filing requirements here.

What kinds of foreign financial accounts do I have to declare on my US expat tax return?

In general, any bank or financial account held in a bank located outside of the geographical boundaries of the United States is considered a foreign account, regardless of the nationality of the institution that holds the account.

According to the Treasury Department: “The term ‘financial account’ includes any bank, securities, securities derivatives or other financial instruments accounts. Such accounts generally also encompass any accounts in which the assets are held in a commingled fund, and the account owner holds an equity interest in the fund (including mutual funds).”

The term also means any savings, demand, checking, deposit, time deposit, or any other account (including debit card, prepaid credit card accounts, and many foreign pension/retirement accounts) maintained with a financial institution or other person engaged in the business of a financial institution.

If my income is below the US tax filing requirement, do I still need to file FBAR or FATCA?

Unfortunately, even if you are making less income than the filing threshold (for 2021, $12,550 for a single individual), you must still file an FBAR if you have had more than $10,000 in your foreign accounts at any point during the year. Remember, this is an aggregate amount for all your foreign accounts.

We’d also recommend reporting for FATCA on a Federal Tax Return if your assets meet the filing threshold. There is a $10,000 failure to file penalty for those required to submit Form 8938. For single filers, if you have $200,000 or more in specified foreign assets on the last day of the year or more than $300,000 at any point during the year, you must file. If you are married filing jointly, the threshold rises to $400,000 at the end of the year and $600,000 at any point during the year.

Filing FATCA will eliminate any negative consequences that could potentially arise from not reporting.

Can I just have Greenback Expat Tax Services prepare my Foreign Bank Account Reporting (FBAR) and do my taxes on my own?

Yes! We understand that some expats prefer to file their own taxes or perhaps have no US filing obligation, but still need to file FBAR. Please contact us if you would like us to file FBAR on your behalf.

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