Current account for Horticultural Non-profit Partnership

All Horticultural Non-profit Partnerships must have a current account with a bank — this is established by law. It is required for conducting all financial transactions for the needs of the horticultural non-profit partnership. For example, plot owners pay membership fees and electricity charges into it, and the chairperson uses it to pay for road clearing, water testing, and so on.

Yes, this obligation is established by Federal Law No. 217-FZ. It states that a Horticultural Non-profit Partnership, as a legal entity, must have a current account. It is used to receive payments and membership fees, and to settle accounts with suppliers and service providers.

Yes, you can withdraw money from the current account of an Horticultural Non-profit Partnership — through the bank's cash desk or at an ATM, using a business card. Please note that a fee may be charged for this service. As a rule, it is lower if you use the card.

Yes, certainly. You can open a current account for a Horticultural Non-profit Partnership remotely, without visiting a bank branch. It is very easy and simple. You only need to submit an online application indicating the partnership name and contact details. Our manager will call you back to arrange a meeting, at which they will bring the documents for signature. Opening a current account may take as little as one business day.