Hi,
So as a U.S. resident I have a Canadian Bank account that has a debit card attached to it.
Naturally, the bank account has an account number, also, the debit card has a credit card style number printed on it.
So on the FBAR, I report the Canadian Bank account number. But what about the debit card number printed on the debit card? The debit card is not an account itself with money in it, it is simply tied to the bank account.
Do I also report the number printed on the debit card as a separate account in addition to the bank account number?
Thanks
FBAR Debit Card confusion
Moderator: Mark T Serbinski CA CPA
FBAR is for accounts. Don't overthink this.
Write the bank account number only. the debit card number is meaningless without an account.
Write the bank account number only. the debit card number is meaningless without an account.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best