A person's need for foreign currency is determined by many factors, subjective preferences and forced reasons. It is not advisable to keep significant amounts of foreign money in cash. To be relieved of worries and concerns about the safety of your savings or the liquidity of your savings, open a foreign currency account for your convenience.
Instructions
Step 1
At the initial stage, thoroughly study the legal provisions of Law No. 173 - FZ "On Currency Regulation and Currency Control" dated December 10, 2003, so that the activities and all operations of a suitable bank strictly comply with existing legal norms.
Step 2
First of all, write for yourself a list indicating the name and territorial location, operating in the immediate environment of all credit and financial organizations, whose activities are accredited and licensed by the Central Bank of Russia for foreign exchange transactions.
Step 3
Then compare the cost of tariffs and the range of services offered by each of the established banks. Find out in detail the method of replenishment, third-party transfer, the frequency of debiting and the commission for cashing currency accepted for storage.
Step 4
Find out the entire list of documents that must be provided or presented in the future.
Step 5
Ask separately about the possibility of opening a multicurrency account by a potential client. For the listed actions, the easiest and fastest way is to use the Internet or make free phone calls to round-the-clock federal numbers.
Step 6
Having chosen a specific bank and having collected all the documents required for submission, call a representative authorized to accept future account owners and decide on the date and time for the transfer of all necessary documentation.
Step 7
If you do not have enough free time, contact your authorized representative to open a foreign currency account for you. In this case, duly certify at the notary's representative authority to replenish or cash out the balance of the foreign currency account in the bank.
Step 8
Periodically monitor the changing currency quotes and carefully monitor the trends in the rate of the selected currency, in which the bank account is opened, in order to promptly convert the available money into another currency.
