Among the guardians receiving the allowance, the nominal account that Sberbank proposes to open is an urgent issue. The guardian’s nominal account is a special bank account opened in his name to receive social payments intended for the ward. Thus, a feature of this account is that it opens immediately for two owners. Next, we will talk about what laws govern the maintenance of a nominal account, how and where such an account can be opened, how to use it and some more subtleties of this pressing issue.
Recent legislative changes
The prerequisites for the introduction of nominal sets existed in 2007, when the mortgage lending program began its active development. Until 2014, guardians received the money necessary for the ward from an account opened in his name by proxy. The monthly limit was the cost of living. To increase the amount of withdrawal, it was necessary to write a statement to the guardianship authorities, where every month to describe the reasons for increasing the required amount. In order to make life easier for guardians, to save them from dreary paperwork and thereby increase the popularity of guardianship, it was decided to make some changes. In connection with legislative amendments, it became necessary to open a nominal account of the guardian. Not all banks timely responded to changes and made adjustments to the software and internal regulations. In addition, until recently, only banks that were subordinate to the state no less than half could open such accounts. For this reason, the opening of a guardian's nominal account with Sberbank is the most frequent.
Who can open a nominal account?
A nominal account is opened by a third party to manage the beneficiary's income. The beneficiary is the beneficiary, the actual owner of the money, in this case, the ward is legally incompetent or of limited legal capacity. Sberbank opens a nominal account for parents of children with disabilities, guardians and trustees of disabled citizens. The assigned alimony, pensions, allowances and other state payments are transferred to it.
Where can I open a nominal account?
Until 2015, the main rule for opening a nominal account was that half or more of the bank's shares belong to the state. With the abolition of this rule, the main thing remained - that the credit institution participated in the Unified Deposit Insurance System, and no more than 1.4 million rubles were stored on the nominal account of the ward citizen. Therefore, it would be possible to open this account in any commercial bank that insures its deposits, but it is not so simple. Very few banks seek to introduce this technology into their regulations. For banks, this product is completely new, they do not have practice of maintaining nominal accounts, and considerable time and resources are required to develop it. Additional financial investments to supplement the programs, develop instructions on which customer service is conducted, banks are not very interested. The difficulty of opening a nominal account for a bank is two existing account owners and the completion of a warning system for depositors when the limit approaches its limit. While commercial banks are in no hurry to solve these problems, the trustees have no choice but to open a nominal account with Sberbank.
Account opening
A contract for servicing a nominal account is concluded without the participation of the beneficiary. A guardian does not need to go through any complicated procedures before opening a nominal account with Sberbank. It is enough to go through three simple steps:
- Contact the bank with a small list of documents by which they can quickly open the right account.
- In Sberbank, it will be necessary to draw up a nominal account agreement, personal information of the guardian as the account manager and the ward as the owner of the money in the account will be displayed there, the procedure for managing funds, the level of participation of each of the parties will also be written.
- The person who opened the nominal account applies to the social protection department or another government agency that makes payments to socially unprotected citizens that are due to the ward, where he writes a statement stating his account number.
What documents are needed?
Opening a nominal account in Sberbank for a child to a parent is made upon presentation of:
- passports
- birth certificates of a child under the age of 14;
- passports of a child over 14 years old.
When contacting the guardian or guardian of a minor, the following documents are required of him:
- passport;
- birth certificate of a child under the age of 14;
- passport of a child over 14 years old;
- an act, as a result of which the applicant is appointed a guardian, or another document that can confirm the authority of the guardian to own the money of the guardian in his interests;
- TIN of both parties (if any).
The guardian of an incompetent or partially capable citizen must be presented:
- passport;
- an act, as a result of which the applicant is appointed a guardian, or another document that can confirm the authority of the guardian to own the money of the guardian in his interests;
- document confirming the incompetence of the ward citizen;
- TIN of both parties (if any).
When applying to a non-resident bank for opening a nominal account with Sberbank, in addition to basic documents, it is obliged to present a migration card confirming the right to stay in Russia.
As can be seen from this, the list of documents for opening a nominal account with Sberbank does not include anything superfluous, collecting the necessary securities does not require a lot of time and effort.
Account Terms
The owner of the account and its manager is the applicant.
It is forbidden to enter the account:
- salaries, scholarships;
- money transfers from unexplained sources.
Similar receipts are returned unfulfilled to the sender.
Withdrawals are allowed without additional permissions and without restrictions.
To date, Sberbank does not issue passbooks to account holders, in support of balances the holder can receive a free account statement.
Sberbank's nominal account can be used on the bank’s website and using the mobile application. Also, information on receipts is available in the call center of the bank, by calling the hotline.
Only the beneficiary can receive a bank statement. It is also possible to stipulate by the contract the procedure for spending funds from the account, outline the range of operations that are allowed, for example, to prescribe the purpose of spending only on utility bills and prohibit the issuance of cash or payment in stores. You can define a list of accounts to which transfers are allowed.
The nominal account agreement (Sberbank) is terminated only with the consent of the beneficiary, unless otherwise provided by law or agreement. After accepting a statement from the guardian about the termination of the nominal account agreement, the bank warns the beneficiary, if this is specified in the agreement. In case of termination, the cash balance can be transferred to another nominal account, issued to the beneficiary or transferred to another account by order of the ward.
If one guardian has several beneficiaries, he is entitled to open a common nominal account on them, but the share of each of them must also be specified in the contract.The amount of insurance indemnity in the event of bank bankruptcy will depend on this.
Debt collection from a nominal account
The imposition of arrest or suspension of operations on a nominal account, if there is a debt of the guardian, is not allowed by law, only a bank commission can be written off. The debt of the ward can be recovered in the event that there is a court decision, or by law. Only under such conditions and nothing else.
What are the conditions for opening an account?
There are such conditions for opening an account:
- opening for an indefinite period;
- opening only in rubles;
- There is no amount of minimum balance;
- replenishment only non-cash, from public services, or as a transfer from another nominal account of the same ward, or from other accounts with the purpose of payment "Alimony" or "Compensation for health damage";
- the withdrawal limit is not set by social services or the bank;
- it is possible to draw up a long order for regular transfers to a plastic card or other account of the owner or third parties.
Nominal Account Benefits
The benefits of this banking product are obvious to guardians and their beneficiaries:
- ease of opening an account, no additional paperwork, no permissions, only obviously necessary documents confirming the rights and obligations of the parties;
- the absence of any cash withdrawal limits;
- funds insured by the state in the amount of 1.4 million rubles;
- income is accrued on a quarterly basis in the form of interest on a deposit;
- it’s convenient to use the money, all major banking operations are available for the account holder.
Nominal Account Disadvantages
The ability to open a nominal account has appeared relatively recently. This innovation is perceived ambiguously. The powers of the trustees have become much wider with the introduction of this initiative, and much remains on their conscience. On the one hand, the popularity of guardianship was supposed to increase, which probably happened, but on the other hand, it is more difficult to track the targeted use of funds from the account. This is the main disadvantage of opening an account.
Conclusion
Due to changes in the Civil Code, a completely new variety has appeared in a number of banking products - a nominal account. Although it is open to a third party, the funds themselves belong to the beneficiary. Single banks offer this service due to the difficulties of maintaining such an account. It is worth remembering that most often they open a nominal account with Sberbank of Russia. It was previously described why.
It is not difficult to open a nominal account with Sberbank for a child or for another ward person. This banking product is well thought out and designed for consumers. Having this account has a lot of advantages and helps guardians take care of their wards without any unnecessary obstacles. The law requires the opening of a nominal account, and Sberbank is ready to help its customers. It remains only to once again read and remember the really necessary information and contact the nearest branch of Sberbank for consultation and opening the above account.