Yes, for bank account with zero interest income, that'd work.

I have clients who have foreign accounts with no interest income or U.S. Taxable income.  If I sent them tax organizers with the account names filled, I would invariably get questions of why and what.  Over the years, I just got tired of addressing the same thing over and over.  Yet, Part III is needed for them.  So, I just leave the account/bank name blank.