General information

To open a current account for an individual entrepreneur with the bank, only the individual entrepreneur’s passport is required.

To open an account with the bank for an LLC, you need to provide:

• the company director’s passport;
• constitutional documents.

The bank will prepare the remaining documents required to open the account and provide them to you for review and signature.

To fund a current account, use one of the following methods:

• Transfer money from the bank account of an individual entrepreneur or LLC.
• Deposit cash through the bank's cash desk.
• Deposit money to a business card via an ATM or bank terminal → the “Self-collection” menu.

You can also fund a current account via the ATMs of our partners: VTB, Alfa-Bank, and Raiffeisenbank. 

A certificate of open current accounts may be obtained by the holder of a current account at a bank branch or electronically via Uralsib Online. The document contains information on open accounts, their opening dates, and currency. A fee is charged for the certificate in accordance with the tariff.

You can order a certificate confirming the existence of current accounts online via Uralsib Online or offline by visiting a bank branch.

To open a current account, it is enough to submit an application and provide documents for an individual entrepreneur or LLC — Uralsib will help arrange the rest.

What documents are required to open a current account?

<b>How account opening works</b>

1. You submit an application on the Uralsib website by specifying your contact phone number.If after that you complete the account reservation process and provide additional details — email address, Primary State Registration Number (OGRN), Taxpayer Identification Number (TIN), and business owner — the full account details will be sent by SMS and email within a couple of minutes. They can be used to sign contracts with counterparties.
   
2. A little later, the bank's personal manager will contact you. They will help you choose a tariff and agree on the contract details.
   
3. Within 14 calendar days, you provide the bank with the original documents required to open a current account.
   
4. You sign the documents for opening a current account and connecting to Online banking.

Within a few business days, the bank will notify the Federal Tax Service of the opening of a current account by a legal entity or individual entrepreneur.

The following types of accounts can be opened at the bank for legal entities:

• Current account – for the organization's settlement transactions. 
• Deposit account – for holding funds and earning income on the deposit. 
• Credit account – for receiving a loan from the bank. 
• Foreign currency account – for transactions in foreign currency.

In order to minimize risks and protect clients' interests, The bank checks transactions for compliance with the Federal Law No. 115-FZ dated August 7, 2001, "On Counteracting the Legalization (Laundering) of Criminally Obtained Income and the Financing of Terrorism" (hereinafter referred to as the "Law No. 115-FZ").

Law No. 115-FZ provides for:

• the possibility for a credit institution to refuse to conduct a transaction in cases where the transaction meets the criteria of a suspicious transaction and has no apparent economic purpose,
• the Client's right to apply to the credit institution that made the decision to refuse the transaction, by providing documents and/or information confirming the absence of grounds for making the refusal decision.
  

What to do if The bank has refused to conduct a transaction:

Submit to The bank an Application for elimination of the grounds for refusal (hereinafter referred to as the Application).

The Application must be accompanied by documents and/or information (the list is provided at the bottom of the page) confirming the absence of grounds for making the decision to refuse the transaction, as well as any other information relevant to The bank's review.

Procedure for submission to The bank

You may submit the Application in hard copy with supporting documents to The bank's servicing branch  or send a scanned copy of the Application (with scanned copies of the documents attached) via the remote banking service system (hereinafter referred to as the Uralsib Online System).

Review period and notification

Your Application will be reviewed within 7 (seven) business days from the date it is submitted to The bank.

You will be informed of the review results by means of a Notification sent through the Uralsib Online System, and if unavailable, by postal mail.

Requirements for the Application

The Application must be executed in hard copy, contain the signature of the Client's authorized representative, and a seal (if any).

Requirements for documents

Copies of documents must be certified by the Client's authorized representative: the documents must bear the notation "true copy", indicate the surname, first name, patronymic, and also include a handwritten signature, certification date, and seal impression (if any).

In accordance with the Comprehensive Banking Service Rules, The bank may leave the Application without substantive review if the following circumstances are identified:

• The Application is submitted to The bank not in the prescribed form;
•  the requirements for the execution of the Application and documents have not been met;
•  the text of the application is illegible or does not make it possible to determine the substance of the application; 
• documents (information) that may confirm the absence of grounds for making the decision to refuse the transaction have not been attached to the Application; 
• if inaccurate information about the Client is identified; 
• if the Application contains obscene and/or offensive language, threats to the life, health, or property of The bank's employees or other persons;
• if, as of the date of submission of the Application, there is a decision of The bank previously made in respect of the Client and concerning the same subject matter of the application.

By law there is no limit on the number of current accounts for an individual entrepreneur or legal entity.

An individual entrepreneur or organization may have two or more current accounts with one bank or with several banks. For example, one bank may offer more convenient acquiring for an LLC, while another may offer cash handling. You can also open several current accounts with the same bank if the organization has two or more different types of business activities or works with branches.

A transfer of money from an individual entrepreneur to the accounts or card of individuals may be checked by regulatory authorities. The entrepreneur will have to prove the legality of such activity.

To transfer money from a current account to the card of an individual, you need to support the transfer with an employment agreement or a service agreement.

How to transfer money from an individual entrepreneur's account to an individual's card?

The transfer must be legally justified by the activities of the individual entrepreneur:

• payment of employees' official salaries;
• payments under a civil law contract;
  
• rent or payment for services;
  
• transfer for the entrepreneur's personal expenses.

When transferring from an individual entrepreneur's current account to the entrepreneur's own card, no proof of the legality of the transaction needs to be provided. An individual may use the money at their own discretion after paying taxes and contributions to insurance funds.

When transferring from a current account to the card of the owner of the individual entrepreneur account, Personal Income Tax (PIT) is not charged if the payment purpose states that it is intended for personal needs. The main thing is that the personal details of the sender and the cardholder match.

The bank may close a current account for the following reasons:

• For 6 months, the client has not used it even once.
• The account balance is zero or negative (if an overdraft was connected), and no funds have been credited to it for 6 months.
  
•   There are suspicions that the current account is being used for money laundering. In this case, the bank will first suspend all activity on the account and ask the client to provide documents that can confirm the legitimacy of the incoming funds. If it is not possible to confirm legitimacy, the bank will initiate the closure of the current account.  
  
• The bank may also close a current account in the event of the liquidation of the client, a legal entity.

In all cases, except for the liquidation of a legal entity, the bank обязательно sends notification to clients of its decision. If there are funds remaining in the account, they must be transferred to another bank or received in cash.

There are several ways to find out whether money has been credited to the current account:

• Check the account balance via online banking or the bank's mobile app.
• Check information about the receipt of funds in the account statement received at a bank branch.
  
• Activate the SMS notification service at a bank branch.
  
• Call the bank's support service at 8 (800) 700-77-16 and уточнить о поступлении денег на счёт.
  

A sole proprietor is not required to have an account with a bank. They may carry out all settlements under transactions using cash funds only, and pay taxes using a payment slip.

Why is a current account with a bank needed?

A sole proprietor's operations without an account may be limited by several factors:

• the amount of one contract settled in cash must be less than one hundred thousand rubles;
• most companies operate on a cashless basis; without a current account, a sole proprietor narrows the range of possible business partners;
  
• the bank may suspect the entrepreneur of laundering illegal income;
  
• funds for arranging a loan and leasing are provided by the bank on a cashless basis.

Advantages of a current account for a sole proprietor:

• New clients and suppliers – a current account makes it possible to conclude contracts with any counterparties, including government authorities and corporations;
• No limits on the contract amount;
  
• Access to subsidies, participation in public tenders and procurement;
  
• Ability to connect merchant acquiring and internet acquiring;
  
• Ability to connect a payroll project;
  
• Convenience and security – the ability to manage funds via the mobile app or personal account, without using cash or visiting a bank.

Does a sole proprietor need a current account if they cooperate with companies abroad?

For sole proprietors cooperating with foreign partners, having a bank account is a mandatory requirement.

A current account can be opened at any time, at any stage of a sole proprietor's business activity.

If you mistakenly sent money to a closed current account, it should be returned because it is impossible to complete the transfer using the specified bank details. In most cases, the bank returns the funds within 1–3 business days. If the timeframe is prolonged, contact the payer's bank and try to cancel the transaction.

You can find out the balance of your current account in one of the following ways:

• The easiest way is to check it in the bank's mobile app. The widget displaying the balance is located on the main page. If the app is not installed on your smartphone, you need to log in to your Online banking account via a browser.
• If you cannot access the internet, you should contact the bank's support service via the hotline number or visit the nearest branch of the credit institution with your passport.  
  
• You can check balance changes and the remaining balance via SMS. If the SMS notification service is enabled, a message about the balance change will be sent automatically. You can activate the service at a bank branch.
• If a card is linked to the current account, you can check the remaining balance via an ATM.
  

The time for funds to be credited to a current account may vary from several minutes to 5 days.

The processing speed of the transaction depends on various factors: time of day, payment type, payment system, and type of transaction—internal bank or interbank. All of this affects the time it takes for funds to be credited.

As a rule, when using the Faster Payments System (SBP), the money is credited to the account within a few seconds, while the crediting time for a regular bank transfer can be up to 5 days.