How do you watch the FBAR aggregate once a Portuguese account is open for a Portugal move?
This is step 1 of 1 in audit all credit cards for foreign transaction fees, part of the Portugal tax and money work. The order comes from the verified sequence for this task, so start here before the steps that follow it.
Watch the FBAR aggregate once a Portuguese account is open.
Portuguese bank balances count toward the $10,000 aggregate that triggers FBAR (FinCEN Form 114), due April 15 with automatic extension to October 15. Non-willful penalties run $10,000 to $100,000; willful penalties run higher or 50 percent of the account balance.
The full audit all credit cards for foreign transaction fees process typically runs 1-2 weeks before departure.
This one happens at the official source, not on a forum. Go straight to irs.gov and you skip the lookalike sites.
Do this step at irs.govThe steps of audit all credit cards for foreign transaction fees, in order
- Step 1Watch the FBAR aggregate once a Portuguese account is openYou are here
Your plan dates this step against your move.
Start a plan and this step lands on your calendar in the right week, sequenced with everything before and after it, so the Portugal paperwork is moving while you are still packing.
Free to start. No card required for the plan preview.
Last verified: May 2026 · Not tax or legal advice. Always confirm requirements with the official source.