How to choose a bank and open a current account for an individual enterprise - conditions and service rates

Cash payments between business partners are a thing of the past; increasingly, registration of business activities occurs together with the conclusion of an agreement with a credit institution for financial transactions. Sometimes, already in the process of doing business, it is discovered that an individual entrepreneur needs a bank to open a current account for the purpose of servicing commercial activities.

What is a current account for individual entrepreneurs?

According to the legislation of the Russian Federation, after registering an individual entrepreneur, it is not prohibited to carry out settlement transactions with partners in cash, but there are restrictions. Under one agreement between a small business representative and a legal entity, you can make a payment within 100,000 rubles. Suppliers rarely agree to constantly renegotiate transactions after reaching the maximum allowable amount, so to successfully conduct business in large volumes, opening current accounts is indispensable.

What is it needed for

It is convenient for the owner of a retail enterprise or service department to use cash if there is low turnover, but even in this situation, the bank can provide additional benefits for individual entrepreneurs. A new entrepreneur needs to consider the possible advantages of doing business online:

Keeping significant amounts of money outside a financial institution and making large cash transactions is unwise. The bank for individual entrepreneurs guarantees the safety of funds and the safety of payments.
Having account details increases the chances of concluding serious transactions - it creates the image of a solid, reliable partner.
The bank for individual entrepreneurs prohibits the use of cards for business settlement transactions; if such cases are detected, the card may be blocked.
Using an interactive bank, you can pay taxes at a convenient time, sometimes around the clock, pay with suppliers and receive information about the flow of funds and the balance of money by email.
Representatives of the tax authorities can count all receipts on the card as income and tax them. During the audit, it will be difficult to distinguish between personal funds and income from commercial activities, and the tax service does not count expenditure transactions made using the card as expenses of commercial activities.
Credit institutions charge a commission for transferring funds through a cash desk, and after signing an agreement for banking transactions, only a fixed fee for electronic payments is withheld from the client.
Crediting the proceeds will allow you to receive income on the remaining money.
Providing bank statements on the flow of funds indicates the work of the individual entrepreneur and may be relevant when obtaining a loan for business development.
You can increase the income of your own business by connecting a terminal to accept payments and attract new clients who benefit from paying with debit and credit cards.
The owner of bank details can conclude transactions for large amounts and participate in public procurement tenders.
An individual entrepreneur becomes a participant in the salary project and can order debit cards for their employees to pay salaries. This is convenient because the time and money for transferring money using separate cards is reduced - salaries are transferred according to the prepared statement in a single payment.

How to open a bank account for an individual entrepreneur

The timing of opening a current account for a client as an individual entrepreneur is not regulated by law. You can fill out an application at a branch of a financial institution for cash settlement services immediately after registering your business activity or later. Now it is possible to submit an online application on the credit institution’s website without visiting banks. After receiving the application, the manager will call the entrepreneur, confirm the time of the meeting and deliver the documents for signature to the specified address to open a current account.

What documents are needed

For individual entrepreneurs, the bank independently determines the requirements for the package of documents necessary for conducting settlement transactions. Previously, the list included a certificate of registration of an individual entrepreneur and a certificate of registration with the tax service. Since September 2016, they have been excluded from the list of mandatory ones. Currently, a financial institution may require:

copy and original passport (required);
card with samples of signatures and seals (required);
an extract from the Unified State Register of Individual Entrepreneurs;
a copy of the financial statements;
license if it is provided for by the type of activity.

How much does it cost to open a current account?

There is no single price for opening a current account. This procedure can be carried out free of charge by a credit institution. Mostly banks offer to open an account at rates ranging from 400 to 5,000 rubles. After paying the fee and receiving your details, you can carry out banking transactions. Now there is no need for individual entrepreneurs to notify the tax authorities and the insurance fund about the procedure for opening an account.

Where to open a current account for an individual entrepreneur

There are many offers for small businesses in the banking market. Before choosing a bank for an individual entrepreneur, you need to analyze your activities and decide:

whether revenue will be contributed and in what volumes or whether only non-cash receipts from clients will be provided;
Is cash withdrawal necessary?
what monthly cash flows are planned;
approximately how many payment documents need to be processed monthly;
Will you need to connect additional services (Internet banking, mobile application, alert system)
Are there plans to issue salary cards for employees?

Bank selection criteria

For successful commercial activities, a bank for individual entrepreneurs must have the following qualities:

Reliability. The safety of funds is an important criterion. You can work with a small regional financial institution, but it must be part of the deposit guarantee system. If the license is revoked, the individual entrepreneur will be returned the remaining amount of money up to 1,400,000 rubles. Legal entities are deprived of this opportunity. It would be safer for entrepreneurs with large turnover to look for an option among large banks with part of the state capital.
The convenience of the package of services provided. For doing business, the following are important: the speed of the banking mobile application; processing time for payments and crediting of funds; limits on incoming and outgoing transactions. For frequent deposits of proceeds, the proximity of a bank office or its branches and the presence of a network of ATMs for accepting cash at the locations of small businesses are important.

Cost of opening and maintaining an account

It is easier to decide on the number of reliable financial institutions offering a wide range of services. Which bank should I choose for an individual entrepreneur to get benefits? After compiling a list of credit institutions, you need to choose one that will help you save on tariffs for the required package of services. You can find financial institutions that do not charge fees for opening and maintaining an account if there is no funds flowing, but these costs do not significantly affect the total cost of banking transactions.

Which bank is better for individual entrepreneurs, what criteria it should have, let’s try to figure it out:

When planning to deposit proceeds in large volumes, you should look for an option with a favorable tariff - minimal commissions for depositing cash.
All credit institutions charge a fee for cash withdrawals, so you need to order a plastic card and use the card when withdrawing money through any ATMs of the financial institution without paying commissions. In this case, free card servicing is important.
If you need to make a large number of non-cash expense transactions, you should choose tariffs that provide for a small fee for processing one payment. Low prices will help reduce the cost of service.
When deciding to issue cards for issuing salaries to employees, when choosing a financial institution, you need to be guided by favorable conditions for issuing and servicing salary cards.

Internet banking

For individual entrepreneurs, convenient conditions include the ability to conduct banking transactions online, so the availability of banking is important. In most credit institutions, connecting to such a service is free, but a usage fee may apply. When choosing a financial institution, you need to pay attention to the size of the subscription fee.

SMS notification

It is convenient to use the function of receiving notifications from a financial institution about the receipt of money in the account and debiting funds - the client always sees the cash balance and can plan further use. Informing the client is a paid service, so an individual entrepreneur needs to inquire about the amount of monthly payments.

Mobile app

For commercial activities, it is important to be able to quickly manage your business and quickly transfer funds from a mobile device. When choosing a financial institution, you need to inquire about the quality and speed of the banking mobile application, and compare the subscription fee that is charged for the service offered.

Login to Internet Banking

For individual entrepreneurs, a bank should become a reliable partner and assistant, offering maximum convenience. It is necessary to pay attention to the operating time within which you can make payments, credit money to the card for subsequent withdrawal of funds. There are financial institutions that offer 24-hour banking services.

Best bank for small businesses

You can decide in which bank it is better to open an individual entrepreneur account and who offers the most convenient, most profitable option for a particular entrepreneur after a detailed study of the tariffs of the credit institution and an approximate calculation of monthly expenses. Let's consider the proposals of large financial institutions and credit organizations whose activities are aimed at providing services to small businesses.

Sberbank

It enjoys a reputation as a reliable partner, but does not have favorable tariffs for business activities, and does not charge interest on the balance of funds. The only advantage is the absence of fees for connecting to Internet banking and a subscription fee. The credit institution offers the following prices at the base rate:

opening an account – 3000 rubles;
service – 1700 rubles;
payment fee – 32 rubles;
accepting cash through an ATM – 0.3% of the deposit amount;
cash withdrawal through an ATM – 1.4% of the withdrawal amount.

Vanguard

Offers free Internet banking connection and zero monthly fee. Terms of service for the “Basic” tariff:

opening an account online – 1000 rubles;
service – 900 rub.;
payment fee – 25 rubles;
card issuance is free;
accepting proceeds through an ATM is free;
issuing proceeds through an ATM is free.

Renaissance

Prices for banking transactions are high, and there is a fee for connecting to Internet banking. Among the advantages: free cash acceptance and issuance of salary cards. The basic tariff includes the following prices:

opening an account – 2900 rubles;
service with connected Internet banking – 1,700 rubles;
payment fee – 27 rubles;
cash withdrawal – 0.75% of the amount.

Raiffeisenbank

Free benefits: opening an account, crediting revenue, transferring salaries, making 20 payments. At the “Basic” tariff for entrepreneurs in Moscow and the region, St. Petersburg offers:

maintaining an account – 1300 rubles;
payment fee – 25 rubles;
free card issue;
cash withdrawal – 1% of the amount.

VTB 24

Among the advantages of a financial institution for business operation: free connection to the salary project, processing of 25 payments and no monthly fee for banking. Provides the following tariffs as part of the Business Cashier package:

opening an account – 1250 rubles;
maintenance – 2600 rub.;
payment fee – 60 rubles;
cash withdrawal – 1% of the amount.

Modulbank

The work is carried out through its specialists, who are sent to the offices of entrepreneurs. There is a “Starter” tariff without a monthly fee for banking services, but it is profitable for small turnovers. For a developing business, it is more convenient to use the “Optimal” tariff; it provides for an accrual of 3% on the balance and the following prices:

opening an account is free;
maintenance – 490 rubles;
payment fee – 19 rubles;
depositing cash is free;
Issue of a corporate card is free;
cash withdrawal – 0%.

Opening

The client has the opportunity to reserve an account and activate it within 14 days. Within the Comfort package, a free connection without charging a monthly fee to the Business Portal, card issue and transfer of 10 payments at zero cost are provided. The prices are as follows:

opening an account is free;
maintenance – 1290 rubles;
payment fee from 9:30 to 18:30 – 49 rubles;
cash deposit – 0.25%;
cash withdrawal – 2%.

Tinkoff

It is convenient for an entrepreneur to work, since internal payments can be made around the clock, and non-bank transfers - from 7:00 to 23:00, money is credited instantly, and interest is charged on the balance. The institution sends a specialist to sign a banking service agreement and hand over the completed details. The “Advanced” tariff offers the following prices:

free account opening;
maintenance - the first 2 months are free, from the 3rd - 990 rubles;
zero fee for using mobile banking, for SMS messages and for issuing corporate cards;
depositing proceeds – 99 rubles one-time for one replenishment;
the cost of the payment is free for the first ten, 29 rubles for the next;
output – 0%.

Ural Bank for Reconstruction and Development

As part of the Economy package, the subscription fee for Internet banking is 700 rubles, payments must be made before 18:00, and crediting takes place after operating hours. The tariff plan rates are as follows:

opening an account – 1000 rubles;
maintenance is free;
payment fee – 24 rubles;
contribution of proceeds – 0.1% of the amount;
card issuance is free;
cash withdrawal – 1-2.5%.