Nope. You must file FBAR for all of your accounts only if the sum of them ever exceeded US$10,000 during the year. That requirement has been around for many years.<p>The IRS rules concerning FBAR are here: <a href="https:&#x2F;&#x2F;www.irs.gov&#x2F;Businesses&#x2F;Small-Businesses-&amp;-Self-Employed&#x2F;Report-of-Foreign-Bank-and-Financial-Accounts-FBAR" rel="nofollow">https:&#x2F;&#x2F;www.irs.gov&#x2F;Businesses&#x2F;Small-Businesses-&amp;-Self-Emplo...</a><p>And the pertinent text from that page:
&quot;Who Must File an FBAR
United States persons are required to file an FBAR if:
1.    the United States person had a financial interest in or signature authority over at least one financial account located outside of the United States; and
2.    the aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year reported.&quot;<p>FATCA is a new burden on foreign financial institutions that requires them to report to the US government on US citizens who have accounts at their institutions. It&#x27;s meant banks in several countries have refused services to US citizens and closed their accounts.