FBAR (and all FATCA) and XE trade
Jun 29th 2015, 7:06 pm
#1
Forum Regular
Thread Starter
Joined: Jan 2015
Posts: 66
FBAR (and all FATCA) and XE trade
Hey! Quick question, if you had to file an FBAR or other FATCA forms, would you have to list XE trade as an account (if you met all the other requirements)?
I would assume no as it doesn't seem to hold money like a bank account would. I can't seem to find an answer though!
I would assume no as it doesn't seem to hold money like a bank account would. I can't seem to find an answer though!
Jun 29th 2015, 7:20 pm
#2
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,439
Re: FBAR (and all FATCA) and XE trade
FBAR and FATCA are based on asset-holding accounts and balances, therefore a purely transactional account with xe.com or another remitter is not relevant for FBAR and FATCA.
