Current account for pharmacies

Yes, an application for current account and cash management services may be submitted by any person. However, the application for account opening must be signed by the entrepreneur personally or by an authorized person with a notarized power of attorney. This may be a relative, chief executive officer, or lawyer.

Opening a current account will take just a few minutes. To do this, simply complete the application and wait for a call from the bank. To start carrying out transactions, you need to sign an agreement. For this purpose, an employee will promptly contact you and offer a convenient time for a meeting. The documents must be signed within 14 calendar days. The sooner this happens, the faster you will be able to use all the account features.

This can be done in several convenient ways:

• transfer funds from another sole proprietor or LLC account;
• deposit cash through the bank cashier;
• use an ATM or terminal with a self-collection function;
• top up the account through ATMs of partner banks (VTB, Alfa-Bank, or Raiffeisenbank).

The time it takes for money to be credited to a current account depends on many factors. The transfer speed is affected by its type (intrabank or interbank), the payment system, and the time and date of the transaction.

When using the Faster Payments System (SBP), funds usually arrive almost instantly. Standard bank transfers may take longer.

You can find out whether money has been credited to the current account in several ways:

• check the balance via the mobile app or online banking; 
• request an account statement at a bank branch;
• enable SMS notifications that will be sent each time the balance changes;
• call the hotline and уточнить information from the operator.