Is a building society a bank for FBAR purposes?

Hello,  I know in the UK there is a difference between a building society and bank but for the purposes of the FBAR line 16, should I just tick bank or tick other and fill in the blank with "building society". Thanks in advance.

I would check bank, because it functions as a bank. Think 'savings & loan' if you are old enough to remember when they were in every town in the US.

I think either would be ok

I think either would be ok

+1

However, bank is only 4 letters so is quicker to type, and in the USA they understand "bank"  

I'd go with bank, if it's a simple deposit type account. If you have a debt security account (bonds for example), then there's the obvious choice on the drop down menu.

It's good that with this new form, you can save and simply rename for 2014 and subsequent years. If you're a candidate for checking 15a and really don't open/close many accounts, life is easy going forward. Ok, you could do the same with the old .pdf, but I'm liking the new layout and gave positive feedback to FinCEN when they approached me last month. Lets hope they don't make a revision too often though!