Why does an individual entrepreneur need a current account with a bank?

The absence of a current account for an individual entrepreneur may lead to various restrictions:

• the maximum amount of a single cash settlement contract must not exceed 100 thousand rubles;
• most companies work only with cashless settlements, which limits the opportunities to find partners;
  
• without an account, it will not be possible to obtain a loan or lease financing, since funds are provided only by cashless method.
  

For individual entrepreneurs working with foreign partners, having a current account with a bank is mandatory.