This article details how to create a new foreign bank account

Navigate to fund level > Investments > Foreign Bank Account

1. Select a unique code
2. Select the currency from the drop-down menu
3. Select the tax treatment (for more information review information in the KB article  here)
4. Enter a display name for the account
5. Enter the account number

Class no longer defaults to $250,000 Balance Election method for Foreign Cash Tax Treatment, you will need to select one of the three options. 

Asset Classification

The following asset classification automatically pre-filled as default. It is possible to change all these settings from by using the drop-down menu on each classification.

What's next?

Learn how to enter transactions in foreign bank accounts and learn about Foreign Bank Accounts in the Opening Balance