Currency and Cash Management Abroad

In-country cash management

Best practices for foreign cash management will vary based on country and the operational nature of the related activity. Contact the Manager, Treasury Operations for guidance and assistance regarding in-country cash management and transferring money to/from international locations. 

Banking abroad

Banking operations and regulations vary by country. Contact the Manager, Treasury Operations for guidance. Please note that foreign bank account activities can require significant time to complete, particularly account opening, which can require several months. 

Foreign Bank and Financial Accounts (FBAR) Reporting

• Required U.S. reporting by WashU for bank accounts held in foreign jurisdictions.
• Required U.S. reporting by individuals with signature authority on bank accounts held in foreign jurisdictions.
• Individual required to file FBARs must also complete Form 1040 Schedule B Part III.