The procedure for opening a current account in a bank is determined both by regulatory acts of general effect and by the organization of the process in a financial institution. The list of documents and the algorithm of actions have differences.
Current Account Value
Before you learn about the procedure for opening a current account, you need to find out who needs it. Its purpose is to accept and store funds of an individual entrepreneur or legal entity. Is everyone obligated to start it? After all, its discovery and maintenance costs money.
All legal entities must have a checking account. Entrepreneurs need it, since they work with organizations that cannot do without an account. Its opening ensures receipt of funds and settlements with partners, tax authorities and social state funds. Thus, if it is mandatory for organizations, then for entrepreneurs it depends on what activities they are engaged in.
What services are required for an account opener
The conclusion of a bank account agreement implies not only obligations, but also rights:
- cash settlement services;
- for reporting in the electronic document management system;
- for currency control services if the organization or citizen is engaged in foreign economic activity;
- to dispose of money in the account.
The last paragraph has differences regarding individual entrepreneurs and legal entities. If the first manages his own money, then the founder of the company, even the owner, formally does not have direct access. Funds should be transferred to a personal account, after which the owner has the right to use them at his discretion.
How to choose a bank
Opening an account is a service provided by all banks. Is there a difference between quality and level of service? The basic difference lies in the price and package of documents that are requested to be provided. The cost is seriously different, even if you compare the price list in state-owned banks. The package of documents is standard with slight differences.
To decide which institution to conclude a bank account agreement with, you should read the reviews, study the conditions laid out on the websites of financial institutions. Today there is no need to contact the bank directly to find out what package of documents is needed and what is the cost of services. Today, all banks, without exception, develop Internet technologies, develop applications that provide access to services around the clock throughout the year. And many choose a financial institution based on its degree of development. Other factors are put in second place.
Price issue
Banks charge money for services simultaneously and in a fixed amount, and depending on the volume of services used.
- account opening - money is paid once;
- monthly maintenance - a fixed amount;
- replenishment of the account and withdrawal of funds by wire transfers - the commission is calculated depending on the amount of funds received and withdrawn;
- cash receipt and issue - depending on the amount of funds;
- formation of payment documentation - fixed rate;
- generation of account statements.
Banks seek to maximize the transfer of account servicing activities into a virtual plane, so a client who prefers electronic payments and reporting pays less than his colleague who uses paper documents and cash.
Preferences are written directly on sites and in contracts. True, the procedure for opening a current account is the same, you still can’t do without going to the bank. On the Internet, entrepreneurs cite the fact that large banks do not always provide quality services in comparison with their less visible competitors. Affected by the specifics of the departments.
Documents for opening a current account in an IP bank
A package of securities is determined by two factors:
- an account is opened for an individual entrepreneur or legal entity;
- rigidity of bank requirements.
Sample list for IP:
- application filled out on a special form;
- copy of the passport;
- copy of TIN;
- copy of registration certificate;
- extract from the register of entrepreneurs;
- a card with sample signatures and prints;
- Documents confirming the ownership or lease of the dwelling in which the future account holder lives.
The last requirement is practiced only by some banks.
List of documents for legal entities
Consider a package of documents for legal entities:
- application to the bank;
- the charter or memorandum of association of the organization;
- registration certificate;
- extract from the register of legal entities (now it is proposed to provide in electronic form);
- copies of the passports of the head (director) and chief accountant, copies of protocols or orders on their appointment;
- card with sample signatures and a seal imprint.
In both cases, employees of a financial institution may ask for additional documents according to the bank’s internal regulations on opening accounts and fill out a number of forms.
Copies of some of these documents are accepted at a number of banks, if notarized. In particular, copies of constituent documents, protocols and orders of appointment, etc. The specifics are determined by the policy of the credit organization. The authenticity of signatures of company officials is verified and verified by one of the bank employees. If there are changes in the management of the organization to which the account is opened, the cards with samples also change.
How to work with documents
Bank accounts are opened for legal entities and entrepreneurs in a separate division of the bank. Most often, their service is carried out in the next room. The application is filled in by the bank, in the same place, in the presence of the client or his representative, the submitted documents are checked and the forms are filled in according to the requirements of the financial organization. At least the bank is visited twice: the first, when the details and requirements for documents are specified, and the second, when, in fact, the documents are executed. Payment for opening an account and other services is made at the cash desk of the same department.
Do banks refuse to open an account
Indeed, there is a similar practice, and the main reasons are incorrect paperwork. Sometimes banks are reinsured. For example, discrepancies between the real and the formal address are revealed. Account opening is denied to organizations whose accounts are blocked. The legislation provides for other reasons.
If there are no serious obstacles, they explain to the applicant that he has the right to submit a new application, eliminating the problems. In general, the procedure for opening a current account is built according to one scheme and is understandable.
Should I inform the tax office about opening an account?
Since 2014, entrepreneurs should not inform tax authorities about opening an account. Now banks are directly involved in this. Nevertheless, having opened an account, a company or individual entrepreneur is entitled to send a notification with details to the service.