Quick FBAR question..... well, pretty quick anyway....

Okay, I'm trying to dig my head out of the sand and deal with some of the mountain of paper work required by the (words best left unwritten) US government.

As the FBAR looks fairly simple I started there - the fact that I have to ask a question already is not a good sign.  *sigh*

I have two accounts at Barclays, current and savings, so I listed each on the form.  I transferred money from my US account to my Barclays UK current account, then within a day transferred it into savings.  Do I use this as my maximum account value in each account, essentially making it look like I had twice the amount transferred over?

I'm sure this is answered somewhere here, but when I do a search for FBAR, the most recent thread is 2011 - I probably should ask why that is in another forum.....   

I have two accounts at Barclays, current and savings, so I listed each on the form.  I transferred money from my US account to my Barclays UK current account, then within a day transferred it into savings.  Do I use this as my maximum account value in each account, essentially making it look like I had twice the amount transferred over?

Yes, that's the way to do it.

Yes, that's the way to do it.

+1

Thanks larrabee and durhamlad!  I thought that was right, but I'm very happy to have it confirmed. 

You're welcome Becca.

I'm sure this is answered somewhere here, but when I do a search for FBAR, the most recent thread is 2011 - I probably should ask why that is in another forum.....   

I don't know why it is either but if you use the advanced search function, (on the left) you'll be able to find all the more recent posts.