What documents are needed to open a current account for individual entrepreneurs and LLCs?

When should an individual entrepreneur open a current account?

The laws do not specify the deadline for opening an account for a newly registered individual entrepreneur. Therefore, after opening an individual entrepreneur, you can connect the account at any time. The only requirement is that if you have entered into an agreement with a counterparty and within the framework of this agreement the amount of payments exceeds 100 thousand rubles, you cannot work without an account.

We recommend opening an account immediately after opening an individual entrepreneur - you will have more opportunities:

• settlements with counterparties without limiting the amount of the contract;
• working with partners who conduct payments only in non-cash form;
• paying salaries to employees via the Internet;
• automated accounting of income and expenses;
• accepting card payments from customers (you can connect acquiring);
• placement of deposits;
• participation in state procurement;
• obtaining a loan, bank guarantee or overdraft at a low interest rate.

As a legal person to open a foreign currency account

Banking institutions that have the appropriate license from the Central Bank offer enterprises of various forms of ownership the use of a financial resource that allows them to make payments using foreign currency. Thanks to this, legal. Individuals can interact more effectively with foreign partners, developing their business and opening up new prospects for commercial activities. LLCs get the opportunity to make investments, defer payments, and transfer payments for real estate. In addition, entrepreneurs can receive long-term loans. This allows you to effectively use the PC for various operations.

If you have a valid account in national currency, in order to create an additional foreign currency resource, you will need to submit an application and sign an agreement.

Otherwise, you will need the following papers:

• a card with sample signatures of officials who have access to account management;
• confirmation of registration with state statistics bodies in the form of an information letter;
• notarized copies of constituent documents, certificate of state registration.

How long does it take to open a current account for an individual entrepreneur?

How many days it takes to open a current account for an individual entrepreneur depends on the conditions of a particular bank and its workload. In some banks you can open an account only in a branch, in others you can apply online (and many banks reserve accounts online).

On average, the time it takes to connect an account is from 1 to 3 days. Banks are trying to speed up this process, so they accept applications on their websites or come to the individual entrepreneur’s office to conclude an agreement.

Constituent documents

The constituent documents are the company's articles of association and articles of association. The charter is provided by all companies, and the memorandum of association is provided by general partnerships, unions, associations, limited partnerships. Some banks only need one, while others ask for both documents. Check with bank representatives what constituent documents are needed.

Bring originals to be certified by the bank or already certified copies. Make sure there are stamps on each page of the copy. Attach pages with all changes that were made to the constituent documents as of the date of submission to the bank.

Deadline for opening a current account for an individual entrepreneur through a branch

When visiting a bank, a current account for an individual entrepreneur is opened within three days. This is the longest way:

1. You need to go to a bank branch and find out the terms of service (if you have not done so in advance) - tariffs, necessary documents and others.
2. Next, you need to collect a package of required papers to open an individual entrepreneur account, hand it over to employees and fill out bank forms (form, application, consent to data processing).
3. Then, within 1-2 days, the bank will check the documents for the individual entrepreneur.
4. After verification, you will be re-invited to the branch to conclude an agreement.

Banking services for individual entrepreneurs

For individual entrepreneurs, banks offer the following list of services:

• remote generation of payment documents;
• management of MS;
• conducting payment transactions with large amounts;
• issuance of a plastic card;
• currency control.

Thanks to RS, individual entrepreneurs can carry out an unlimited number of payment transactions online - without visiting a bank branch.

How long will the bank open a current account for an individual entrepreneur if you apply online?

A faster way is to apply online. To open an individual entrepreneur current account in this case you will need to spend only 1 day:

1. Select the appropriate tariff on the bank’s website and submit an online application for an account.
2. A bank employee will call you back and make an appointment. If the bank has field managers, you can arrange a meeting right in your office or in another convenient place. They will bring you the contract and make copies of your documents.
3. If there are no field specialists at the bank, you need to visit the branch yourself after the operator calls. If the application was sent in the morning or the night before, the account can be opened on the day of application.

Select a bank for individual entrepreneurs

Cost of additional cash settlement services at Otkritie Bank for individual entrepreneurs

Bank Otkritie, in addition to connecting a current account, provides other services for individual entrepreneurs. Below we will consider the conditions for them.

Open an account at Otkritie Bank

Individual entrepreneur registration

At Otkritie Bank you can use the free service for registering individual entrepreneurs or making changes to the Unified State Register of Individual Entrepreneurs. It is easy for a novice entrepreneur to understand and is accessible from a computer and smartphone (Android and iOS).

The bank's website has a document designer. You fill out your data, and the program automatically generates all the necessary papers and instructions for further actions. It takes no more than fifteen minutes. Next, you need to download and print the papers and personally submit them to the local Federal Tax Service.

If you are in Moscow, the Moscow region or St. Petersburg (regardless of registration), then the generated documents can be sent to the tax office online by ordering an electronic digital signature through the website. There is no commission for this, and you don’t have to pay a fee either.

The service also offers free assistance in preparing papers for making changes to the Unified State Register of Individual Entrepreneurs. Just indicate what has changed and print out the ready-made forms.

But remember! You can always generate documents for IP registration in our service for free or use the free IP registration service without leaving your home and without paying state fees.

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Bonuses for new entrepreneurs

Internet bank

To work in online banking, you do not need removable media or special software. You can log in to the online account through the bank’s website using the login and password received via SMS after registering the account.

Internet banking is free of charge. If you have multiple organizations, you can combine all accounts into one and simply switch between them in one account.

Internet banking functionality:

• information about the status of accounts;
• viewing reports and statements;
• data on suspensions and arrests;
• sending payments;
• management of cash register services;
• messaging and document flow with the bank.

Mobile app

This is a free program for smartphones and tablet computers (Android or iOS). You can download it from the application catalog, as well as via a link or QR code on the official website.

The functionality is the same as that of online banking. You can send details or electronic documents with a bank mark through any messenger.

At the end of 2020, Otkritie Bank’s mobile application took second place among other Russian developments in the following categories:

• the best application for business;
• best usability (most convenient to use).

Accounting

The service is called “integration”. This does not mean accounting as such, but a communication channel between online accounting and your client bank.

You can use it if:

• connected an account and internet account to FC Otkritie;
• entered into an agreement with “My Business” to connect cloud accounting.

Integration only works with ruble accounts. The main function is data exchange. Account information is uploaded to online accounting and automatically posted to income and expenses, and generated payment orders are sent from it to the online bank.

There are no connection or service fees. For online accounting, a commission is charged according to the tariffs of the “My Business” service.

Acquiring

Otkritie Bank provides trade and Internet acquiring services for Visa, MasterCard and MIR cards. Trade acquiring will be connected if you already have your own equipment (meeting the bank’s requirements), or you are ready to buy it from the bank’s partners. Each terminal has a transaction limit of up to four hundred thousand rubles per month. You can work on an unlimited number of devices within one of the tariffs:

Internet acquiring is suitable for both websites and mobile applications. You can order a standard setup for accepting online payments, come up with your own solution, or simply send clients links to invoices for payment.

The cost of Internet acquiring depends on the monthly turnover:

• up to one million rubles - 2.5%;
• over one million rubles - set individually.

The bank's transaction protection system meets modern security requirements - it complies with the PCI DSS standard and uses 3D-secure.

The proceeds are credited to the account the next day. In case of problems, you can consult our free 24/7 support service or call a technician at your point of sale. Delivery of equipment, as well as setting up online payments, is carried out by bank engineers. To connect, you must fill out an application on the Otkritie website or in your online account.

Online cash register

The cost of online ticket offices in Otkritie starts from twenty thousand rubles. When you sign up for acquiring and purchase a cash register at the same time, you can connect a ruble account for free and also receive a discount on acquiring.

You can also purchase a 2 in 1 cash register with built-in acquiring:

Tariff for servicing the online cash register:

To buy a cash register, leave a request on the Otkritie website.

Salary project

Opening connects and services salary projects for free. There is also no commission for transfers if you pay your salary using Otkritie cards. For transfers to cards of other banks, a commission is charged: 27 rubles for an electronic payment and 200 rubles for a paper payment.

You can order Visa, MasterCard or MIR salary cards for your employees free of charge, and the bank manager will deliver them to your office. Cards with individual designs can be issued.

Benefits of the salary project:

• instant payroll;
• personal manager;
• wide ATM network and the ability to install self-service devices on the office premises;
• individual offers for you and your employees (on insurance, credit, investment and other banking products).

Business cards

The card is issued instantly upon opening a current account; no service fee is charged for the first six months.

Benefits of a corporate card:

• instant release;
• instant cash deposit via ATM.

In your online account you can view information on current cards and manage limits.

Credit and overdraft

You can choose a loan and pre-calculate the interest on it using a special calculator on the bank’s website. You can also submit an application there.

Types of loans and general conditions for them:

Bank guarantee

At Otkritie Bank you can issue guarantees:

• covered;
• commercial;
• according to 40-FZ and 23-FZ;
• in favor of the Federal Customs Service, Federal Tax Service, RAR, IATA, MONOGOGODA.RF.

The maximum transaction amount is three billion rubles or the equivalent in foreign currency. The term of the contract cannot exceed five years. Bank commission starts from 0.9%. The fee for issuing guarantees under government procurement is 30% lower.

For applications worth less than one hundred and fifty thousand rubles, a minimum of documents are required, and the bank makes a decision on them within three days. When applying for a guarantee of up to two hundred thousand rubles, no deposit is required. You can apply for a bank guarantee on the Otkritie website.

Deposits

At Otkritie Bank you can also receive interest on the minimum balance on your current account for up to 365 days. The monetary limits in this case are the same as for deposits. If you open a deposit through mobile or online banking, higher rates apply.

Self-collection

With the help of self-collection, you can deposit proceeds through terminals.

Advantages of the service at Otkritie FC:

• replenishing your account from your workplace;
• instant crediting to the account;
• from the moment money is deposited into the device, the bank is responsible for it;
• no cash gaps.

To top up your account, you need to deposit banknotes onto a special card. The device will count the money, check its authenticity and credit the amount to your ruble account. Tariffs are formed individually for each individual entrepreneur.

Currency accounts and exchange control

The cost of opening a foreign currency account depends on your tariff:

Services within the framework of currency control:

1. Personal manager.
2. Free training and consultations on foreign trade issues.
3. Checking documents, assistance in filling out.

In addition, the bank provides a wide range of other services in the field of foreign trade, including:

• transaction support;
• financing;
• letters of credit;
• forwards and options;
• conversion of twenty-four types of currencies;
• tracking currency transfers.

Advantages of FC Otkritie in working with foreign trade activities:

• 20 years of experience in international business;
• cooperation with more than 100 foreign banks;
• work with export credit agencies of 11 countries;
• 6 awards for quality of work and compliance with standards.

Special accounts

At Otkritie Bank you can connect special accounts:

Accounts under 44-FZ and 223-FZ are issued only if you have a current account or if it is opened at the same time.

To apply for a special account, leave a request on the official Otkritie website or in your personal account. A bank manager can come to your office to complete documents, this is free.

How long will it take to open an account if you reserve it on the bank’s website?

If you submit a reservation request, your current account will be opened within a few minutes. This is the fastest way to start working with your account. When booking, you will immediately receive bank details by email and from that moment on you will be able to accept payments from business colleagues. The account number will not change after signing the banking agreement. Expense transactions will be available after completing the opening process - you need to go through the steps described in the previous paragraph.

Banks usually give a period of 7 to 30 days for this. If, after the deadline, you do not provide a package of documents and do not sign the agreement, the account will be canceled and the received payments will be returned to the senders.