Definition of «foreign banks»

The phrase "foreign banks" refers to financial institutions that are based in a different country than the one being referred to.

You also have to report your holdings in foreign bank accounts. (traditionalira.com)
These arrangements would include domestic banks and branches of foreign banks. (newyorkfed.org)
There is money sitting in foreign bank accounts that we have spent over a decade trying to recover. (nigeriapoliticsonline.com)
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