Questions about the Nominal Account

Cash deposits to a Nominal Account are not available. Alimony intended for the beneficiary may be transferred to a Nominal Account from a bank card or another account (other than a Nominal Account).  

Nominal Accounts for crediting social benefit payments have been included in the deposit insurance system since 01.01.2015. Compensation for nominal accounts at a bank in respect of which an insured event has occurred shall be paid to the depositor in the amount of 100 percent of the total deposits with the bank, but not more than 1,400,000 rubles. 

If a depositor had several deposits opened with one bank, insurance compensation shall be paid for each deposit in proportion to their amounts, but not more than 1,400,000 rubles 

The number of Nominal Accounts opened with The bank, where the same person acts as the beneficiary, is not limited. 

The holder of a nominal account may arrange with The bank a standing order to transfer funds to another account/deposit/bank card account opened in their own name, or to an account opened in the name of third parties 

For the Nominal Account, the Account Holder may issue a power of attorney to manage the funds held in the Nominal Account, both at the Bank and through a notary. 

A Nominal Account is opened by a parent/guardian/custodian to credit funds paid to them for the maintenance of the ward, who is the beneficiary under the nominal account. To transfer funds for the maintenance of several wards, a separate nominal account must be opened for each of them. 

Currently, a Nominal Account for the crediting of social benefits can only be opened at The bank's branches. 

An account may be opened by parents, foster parents, adoptive parents, guardians and custodians receiving payments for the maintenance of their wards. 

The account is credited with social payments specified in Article 37 of the Civil Code of the Russian Federation: alimony amounts, pensions, benefits, compensation for damage to health and damage incurred in the event of the death of a breadwinner, as well as other funds paid for the maintenance of minors / incapacitated / partially incapacitated citizens who are Beneficiaries under the nominal account. 

A Nominal Account for crediting social benefits can only be opened in Russian rubles.