Current account for sole proprietors under the simplified tax system

Yes, a sole proprietor may conduct business without a current account. They may make cash settlements and pay taxes using payment slips.

However, operating without an account imposes a number of limitations:

• the amount of a single contract in cash settlements must not exceed 100 thousand rubles;
• many companies work only on a cashless basis;
• the bank may have questions about the source of funds;
• banks provide loans and leasing only in non-cash form.

The law does not limit the number of current accounts for individual entrepreneurs. They may open several accounts. This may be done to obtain the most favorable banking service. For example, one tariff may offer convenient conditions for acquiring, while another may be suitable for cash operations. 

Entrepreneurs also open several accounts if the business operates in different areas or works with branches.

Submitting an application takes just a few minutes. To do this, you only need to fill out a short form on the bank's website. After that, its representative will contact you and arrange a convenient time for the meeting.

To start making payments, it is necessary to sign the agreement. You are given 14 calendar days from the date of submitting the application to do this. The sooner you sign the documents, the faster you will be able to use all the features of the current account.

Uralsib offers several tariffs for small and medium-sized businesses. They differ in servicing cost, fees, and cash withdrawal limits.

An individual entrepreneur can choose a suitable option depending on business needs. The full list of tariffs is available on this page.

Yes, you can register as a sole proprietor through Uralsib. The website offers a service that allows you to prepare and submit documents to the tax service. The procedure is completed entirely online.

To do this, the client needs to fill out an application and sign it with an electronic signature; the bank will provide it free of charge. Specialists will check the documents and send them to the tax service. After the sole proprietorship is registered, the bank can immediately open a current account.