Current account reservation

How does current account reservation work?

To reserve an account, you need to submit an application on the website. Provide your contact phone number and email address, full name, as well as the company name and Taxpayer Identification Number (TIN).

Within a few minutes, you will receive the account details in an SMS message. You can already use these details — share them with counterparties, add them to an agreement, and receive transfers. 

To access the funds, you need to enter into an agreement to open a current account. To do this, you need to meet with a bank representative and sign the documents.

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What documents are required to reserve an account?

At this stage, no documents are required. You only need to submit an online application. It is simple — for example, the company details are filled in automatically.

After you reserve an account, you need to arrange a meeting with the bank manager. They will bring the required set of documents for signing, after which the account can be used for transactions.

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What are the benefits of current account reservation?

Current account reservation may be a useful service when:

●      You urgently need bank details to conclude an agreement.

●      You need to receive payment from a counterparty.

●      You are participating in public procurement, but the application submission deadline is approaching.

The account details can already be entered into documents — this information will not change. However, you will not be able to make payments or withdraw funds until you conclude an agreement to open a current account. To do this, you need to provide the documents and sign them at a meeting with a bank representative.

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How much does current account servicing cost?

Bank Uralsib offers several tariff plans for current account servicing. They differ in terms and conditions; for example, the plans have different limits for free transfers to individuals and cash withdrawals. The cost depends on the selected service package. Discounts may apply when paying for a year. Please note that opening a current account is absolutely free. 

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Can an individual entrepreneur reserve an account?

Yes, of course. This service is available for any type of business—small, medium, or large, for an individual entrepreneur or a legal entity.

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