What they're talking about is aggregate, so lets say you have 2K in your chequin...

_3u10 on Sept 20, 2011 | parent | context | favorite | on: Help, I’m on the IRS hit list

What they're talking about is aggregate, so lets say you have 2K in your chequing, 5K in your trading account, and if you have more than 3K in an RRSP you have to file an FBAR.

The FBAR isn't the big deal for wage earners, the big deal is the failure to file.