HelpFor legal entitiesCurrent Account ServicesCurrent account for self-employed sole proprietors on the Professional Income Tax regime

Current account for sole proprietors under the Professional Income Tax regime

How long does it take to open a free current account for an individual entrepreneur?

Submitting an online application takes just a few minutes. After that, a bank representative will contact you at the phone number provided and arrange a convenient place and time for the meeting.

To start making payments, you need to sign an agreement. You have 14 calendar days from the date of submitting the online application to do this. The sooner you complete the documents, the sooner you will be able to use all the features of the current account.

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Can a third party submit an application to open Current Account Services?

Yes, an application for Current Account Services can be submitted by any person.

At the same time, the application to open an account may only be signed by the business owner or their representative acting under a notarized power of attorney. This may be a relative, an executive director, a lawyer, or an accounting employee.

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How can an individual entrepreneur top up a current account?

You can top up a current account in several ways:

  • transfer money from another account of an individual entrepreneur or LLC;
  • deposit cash through the teller at a bank branch;
  • use an Uralsib ATM or terminal;
  • carry out the transaction through partner bank ATMs (VTB, Alfa-Bank and Raiffeisenbank).
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How quickly are funds credited to an individual entrepreneur's current account?

The crediting period depends on the sending time, payment type, payment system, and type of transaction.

The easiest way is to transfer funds via the Faster Payments System (SBP). In this case, the funds arrive within a few minutes. Standard bank transfers may take up to five days.

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How can an individual entrepreneur obtain a certificate of opened current accounts?

The account holder can obtain the certificate at a bank branch or through the remote banking system (Uralsib Online).

The document contains information about available accounts, the date they were opened, and the currency. The bank charges a fee for issuing the certificate in accordance with the tariffs & fees.

You can order the certificate online in Uralsib Online or by visiting a bank branch in person.

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