Foreign bank account opening and Form 11

Hello,

As a tax resident in Ireland, I just need a confirmation please. In 2023 I opened a DeGiro account (Germany registered) and a Schwab account (U.S. registered)
According to this link from the Revenue https://www.revenue.ie/en/property/foreign-property/opening-a-foreign-bank-account.aspx
I don't have to declare the opening of these accounts since Germany is a member of the CRS standard signataries, and Shwab is FATCA
compliant being it a U.S. registered financial institution

Is this right ?

Thanks
Henning

Correct, as these institutions will report to Revenue and account opened and any interest earned

But there is nothing to be gained or lost by reporting it yourself

Thanks JPD