Why does an online store need a current account?

Although the law does not require individual entrepreneurs to open a current account, in the case of an online store it is not possible to run a business without one, and for an LLC, having a current account is mandatory — this is a legal requirement.

The specific feature of online retail is that cash register servicing is carried out online. A current account is integrated with an online cash register, which makes it possible to accept payments from customers and also settle with suppliers. In addition, this makes bookkeeping and salary payments easier. Incidentally, Bank Uralsib offers an online cash register for rent.