FATCA impact on foreign accounts
FATCA IMPACT ON YOUR (DUTCH) ACCOUNTS
If you are identified by your bank as a US accountholder, then the bank is required to annually provide the IRS with your name and bank account details if the total value of your accounts exceed $50,000.
All accounts existing on or opened after January 1, 2014 are locked into this reporting requirement. The first reporting to the IRS of Dutch accounts is scheduled to occur in the summer of 2015.