Current account for NPOs

A non-profit organization has the right to open a current account for its activities. This simplifies financial transactions, preparation of reports, payment of taxes, bookkeeping, and storage of funds. 

If an NPO has employees on payroll, provides any services, and files non-zero reports, it will need to open a current account. 

A current account simplifies financial transactions, preparation of reports, tax payments, and fund accounting. If an organization pays salaries, provides services, or submits non-zero reports, a current account becomes necessary.

To open an account, you will need the passport of the head of the NPO, the organization's Taxpayer Identification Number (TIN), and Primary State Registration Number (OGRN). Please check the full list of documents with bank employees.

Opening a current account for non-profit organizations under the service package is free of charge. The maintenance cost depends on the tariff. When choosing it, it is important to consider turnover and the number of transactions. If necessary, a bank specialist will help you choose the optimal option.

A current account can be reserved online without visiting a branch. To do this, you need to submit an application with contact details and the name of the organization. A manager will contact you, arrange a meeting, and prepare the documents.