What documents are required to open a current account?
For individual entrepreneurs, it is sufficient to present a passport. If the account is opened by a legal entity (LLC), the passport of the head and the company's constituent documents will be required.
If the account will be managed by someone other than the company owner, the following must also be provided:
a notarized power of attorney or order confirming signatory authority;
the representative's passport.
All other documents required to open the account will be prepared by the bank independently. You will only need to review and sign them.
Can someone else submit an application for Current Account Services?
Yes, any person can submit an application to open an account. It is not necessary to be the business owner to do this.
At the same time, only the entrepreneur themselves or their official representative has the right to sign documents and open the account. In the latter case, they will need to provide a notarized power of attorney. The representative may be a relative, director, lawyer, or accounting employee.
Yes, the law does not impose any restrictions on the number of current accounts for individual entrepreneurs and legal entities.
Opening an additional account may be advisable if you need to separate financial flows by type of activity, take advantage of different tariff conditions, or keep records for individual projects. An application to open a second account can also be submitted online on this page.
How can I obtain a certificate of open current accounts?
The certificate is provided upon request of the current account holder. It can be issued:
at a bank branch;
through the remote banking service system (Uralsib Online) in electronic form.
The document contains information about the numbers of available accounts, their opening dates, and the currency. A fee is charged for issuing the certificate in accordance with the bank’s current tariffs & fees.
In what cases can the bank close a current account?
The bank has the right to initiate account closure if:
for six months, the client has not made a single transaction on it;
the account has a zero or negative balance (if there is an overdraft), and no funds have been credited to it for six months;
the legal entity ceases its operations and liquidates the company.
The bank may also close the account if it suspects unlawful use of the account. For example, its owner may be suspected of money laundering. In this case, access to transactions is first blocked, and the client is asked to provide documents confirming the lawful origin of the funds in the account. If they are unable to explain the source of the money, the bank closes the account.
In all cases except liquidation, the client receives notification of the account closure. If funds remain in the account, they can be transferred to another bank or withdrawn in cash.
