Foreign owned SMLLC with Transferwise Account (US) - FBAR needed?

[diginomad]

Will a TransfwerWise bank account (registered with the Address of the SMLLC) trigger the need of filing FBAR?

The bank account is the company bank account, so it's registered under the name of the LLC, but since TW is a digital bank (moreover located in the UK) will this be considered a "foreign account" and make the FBAR necessary?

 

[Golden Fleece]

It is not a "foreign account," it is a "financial account,"⁣ which is so broad that it includes almost anything, including non-segregated gold.

https://www.irs.gov/pub/irs-utl/IRS_FBAR_Reference_Guide.pdf

 

[Fulton Abraham Sanchez]

No. FBAR is only required for US citizens.

 

[diginomad]

This form clearly say that not only US citizen must file, but also US entities.‌

Even if It's foreign owned and disregarded entity, the entity was incorporated in the US.‍
So I assume the form should be submitted?

https://www.irs.gov/pub/irs-utl/IRS_FBAR_Reference_Guide.pdf