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SAVE A COPY CLEAR SIDE NBC MasterCard Consumer Application o World Card and Preferred Points Card PLEASE CHOOSE CARD TYPE: o Low Rate Card o WE INTEND TO APPLY FOR JOINT CREDIT: (Applicant Initials)
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O World card and is a form used to report certain foreign financial accounts.
United States persons, including U.S. citizens, resident aliens, and certain non-resident aliens, who have a financial interest in or signature authority over foreign financial accounts.
The form can be filled out electronically and submitted online through the FinCEN's BSA E-Filing System.
The purpose of filing the form is to report foreign financial accounts exceeding certain thresholds and to help combat tax evasion.
Information such as the account number, name and address of the foreign bank, and the maximum value of the account during the reporting period must be reported.
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