A Low Value Account is a financial account held by a Foreign Financial Institution (FFI) or Foreign Flow Entity (FFE) that has a balance below a certain threshold. The threshold amount varies depending on the type of account and the applicable tax treaty. A High Value Account is a financial account held by a Foreign Financial Institution (FFI) or Foreign Flow Entity (FFE) that has a balance above a certain threshold. The threshold amount for high value accounts is typically higher than that for low value accounts.