Under the law, entrepreneurs can conduct business without a current account. Nevertheless, this service allows you to enjoy various advantages. Cash payment is limited to 100 thousand rubles, which is not very convenient. In addition, an open account is considered a factor that increases the level of partners' trust in individual entrepreneurs. Which bank to open a bank account for an individual entrepreneur or LLC, is described in the article.
Reasons for billing
A current account refers to an account with the function of fixing financial transactions conducted by an individual or legal entity. Banking institutions offer to draw up to 10 entries per 1 representative, it all depends on the field of its activity and currency.
The need for current accounts is associated with several reasons:
- Timely payment of taxes to the state treasury.
- Payment of goods and services in the amount of over 100 thousand rubles is carried out.
- Sending balances to the account by points of sale, which speeds up the process.
Typically, billing takes 1-2 business days. Document processing is carried out on site, and all issues are resolved with a consultant. Some banks offer to issue an invoice for 1 day using electronic systems. To do this, use online services through which documents are sent. Thus, the availability of a current account allows you to get many benefits.
Bank Selection Criteria
A small business account can be opened in many institutions. In this case, it is necessary to draw up a program with the most acceptable conditions. When choosing a bank, you should consider:
- Convenience.
- Benefit.
- Customer focus.
Convenience lies in the use of new technologies. A credit institution must conduct operations on a current account through modern channels. Usually, in order to speed up procedures, mutual settlements agreements are drawn up between banks. Clients should be offered online programs to manage their account.
The benefits are indicated by small account maintenance fees. Usually funds are charged for some procedures:
- Making an account.
- Doing.
- Connection by remote service.
- Online service.
- Cash withdrawal.
In this case, the fee may be at a time or regularly. Some institutions charge money for payments. Before opening a current account for small businesses, it is necessary to study the tariffs by comparing them.
More reliable organizations are customer oriented. They are doing everything to facilitate the work of entrepreneurs. Signs of customer focus include:
- Availability of a telephone for free counseling.
- Service speed.
- Positive feedback in the media.
- Branch development.
- Rare software crashes.
- Extended trading day.
- Strong encryption channels.
There are many banks in Russia, many of which are engaged in servicing IP and LLC. You must familiarize yourself with the tariffs before you decide. A rating of reliable banks will help in this.
Tinkoff Bank
Where is it more profitable to issue a current account? Such conditions are offered at Tinkoff Bank. The benefits include:
- Free billing.
- Free service for 2 months.
- Availability of the “Simple” tariff, at which half a year of free maintenance is provided.
- Free execution of up to 10 payments.
- No commission in the absence of speed.
- Work with online accounting “My business” and “Contour”.
There are many positive reviews about the work of this bank. Many believe that this is the best institution for business, since they accrue interest on the balance, which can reach up to 7%. Online services are available for reporting to the Federal Tax Service Inspectorate, registration of insurance and payroll cards. Payments are up to 21 hours. These operations can be performed over the Internet.
Bank "Point"
A current account for small businesses can be opened at Point Bank. For the first 3 months, service is provided at a 70% discount. The balance is charged at 7% per annum. How to open a current account for an individual entrepreneur or LLC? Specialists can come to the businessman’s company themselves and conclude an agreement.
A client bank is also available to perform all operations via the Internet. Opening an account is free of charge. The bank has a long operational day. Internal transfers are carried out around the clock, and external transfers are from 0:00 to 21:00 Moscow time.
Modulbank
A small business account is opened at Modulbank, and this service is free. Registration takes place within 1 day. How to open a current account for individual entrepreneurs? If desired, a specialist can arrive at the office and draw up documentation there.
The benefits of Modulbank include:
- Use of details 5 minutes after opening.
- A free resource for using an online account.
- Online chat and social networks for customer consultation.
- The presence of a mobile application.
- Financial transactions occur from 9:00 to 23:00.
- Synchronization with accounting programs.
Confirmation of operations with a cloud signature or via SMS.
UBRD
Ural Bank for Reconstruction and Development offers to open an account for small businesses. You only need to visit the office once to get the details through laziness. You can pre-fill the application through the site. A bank employee will call you back and make an appointment. Then the account opens in 1 hour.
UBRD offers entrepreneurs tariffs for which no account maintenance fee is charged. Then you need to pay only for operations. Free internet banking is provided. You can activate the information service. Then, all operations receive email alerts.
Sberbank
Sberbank is in demand among residents of our country. This credit institution offers profitable entrepreneurship support programs. You can open an account for small businesses in Sberbank. It proposes the project "Business Environment", the purpose of which is to support entrepreneurs. It is possible to apply online.
For 1 day, a service contract is concluded. Details are provided after 5 minutes. Registration is free. There is a choice of one of 50 currencies. There is a long operational day - from 06:00 to 23:00 seven days a week.
When arranging an account for small businesses in Sberbank, it is advisable to leave a request to install a terminal for receiving bank cards. So the business will grow faster, since many people prefer to pay with cards. An entrepreneur needs this to save on collection and protect against fraudulent transactions.
Promsvyazbank
Profitable programs are offered at Promsvyazbank. An account is issued free of charge, as well as a mobile bank, Internet bank. Businesses are provided with the following services:
- Round-the-clock online payments.
- Quick check of counterparties.
- Work with accountants in 1C and “My business”.
Thanks to an open account, you can save time and money.
Vanguard
The bank offers opening an account through an office or website. Both options will be convenient. In the second situation, the account number that can be used in the work will be valid for the individual entrepreneur.
The convenience of customers is to conduct various operations around the clock:
- Account verification.
- Money transfer.
- Receiving and depositing funds.
- Salary transfer to employees.
Registration
To open an account you will need a large list of documents. Most of them are provided in the form of copies certified by the management or specialists of the bank.But the originals will also be needed. Some papers are notarized. A card is required containing sample signatures and a print of the seal.
It is important to fill out an application for opening an account. It is signed by the head and chief accountant, and a seal is also put. If an authorized person is involved in the design, then a power of attorney is needed. It is necessary to provide:
- Registration papers.
- Constituent documents.
- Certificate with tax.
- Letter from Rosstat on the assignment of statistics codes.
- Decisions on the structure and composition of the organization’s management bodies.
- Passport of the head.
Previously, it was required to notify the tax service about the registration and closing of an account, but from 2.05.2014 this does not need to be done. Notification of funds is also not required. After receiving the details and documentation, you can use the account to conduct business. If you have any questions, you need to consult with a bank specialist, so round-the-clock customer support is so important.
Thus, the presence of a current account for a business is not necessarily, but desirable. You can choose any of the above banks. You can find many reviews that Tinkoff is considered the best option. This is due to low tariffs and the provision of free services. But what is better to choose, everyone has the right to decide for himself.