Today , the banking system is widespread. Almost every individual as well as legal entity has a bank account. However, not everyone understands what it is.
In general terms, the concept of
"bank account" can be described as a certain document, which is mandatory to be opened upon conclusion of the contract. It is characterized by the presence of the following properties:
- designed to account for the availability and cash flow of the client;
- reflects the existing obligations of the credit organization to the account holder.
In modern banking practice, a huge number of types of accounts are used. They may vary depending on the legal status of the owner, as well as on the range of operations.
The following types of bank accounts can be distinguished that can be opened for legal entities:
- Estimated, which is used for crediting revenue and other income, as well as transfers for various purposes.
- A temporary account is created for the new organization, usually used to pay authorized capital in cash.
- The current opens to non-profit organizations.
- For companies that are allocated funds from the state for their intended use, a budget account is intended.
- Correspondent - can be opened by a bank in another lending institution, their existence is due to the fact that the banking system in our country is multi-level.
Individuals, unlike legal entities, can become owners of only two types of accounts: current and deposit. The former are intended for various calculations, the latter for the accumulation of funds.
An interesting feature that can be noticed when studying the concept of a bank account is that its number consists of twenty digits. Moreover, each of them is not chosen randomly. Today, when almost every person periodically encounters numbering of accounts (for example, when filling out receipts), it will be useful for many to find out what these mysterious numbers mean.
The bank account number can be divided into several blocks. Schematically, it looks like this: AAAAA-BBB-V-YYYY-DDDDDDD, where:
- A is a block of numbers indicating which group of the bank chart of accounts the number belongs to. For example, the number 40702 indicates that this is a non-state commercial company, and 40802 is an individual entrepreneur. This information is considered in detail in the regulation that regulates the accounting system in the bank (302-P).
- B - characterizes the currency in which the account is open. Most often in Russian practice there are rubles (810), dollars (840) and euros (978).
- B - this is the so-called key or control discharge. It matters only in computer processing of information, helps to verify the correctness of the number entry.
- G - the number of the bank branch.
- D - each credit institution has the right to independently choose what information is indicated here. Most often, these numbers indicate the serial number of the personal account.
Understanding what a bank account is and the principles of numbering it often helps make life easier. Indeed, most of us, even without working in the field of finance, daily come across this concept.