Before opening an account, you need to decide on the purposes of its use (accumulation of money, transfer of salaries or pensions, etc.). An important point is the correct choice of the bank, it must be reliable and stable.
How to choose an account for individuals
A huge number of banking organizations are represented on the market today. Before opening an account in one of them, it is worth considering a number of criteria, among them:
- bank reliability - the bank must be a member of the deposit insurance system and have significant experience in the market;
- Convenient location and well-developed ATM network;
- a list of documents for opening an account and the efficiency of opening an account
It is worth paying attention to the additional banking fees that the bank charges for its services (for example, for opening and maintaining an account, servicing a card, etc.).
- the possibility of remote account management (Internet banking or mobile banking).
Some banks charge interest on the account balance as a bonus.
How to choose an account for legal entities
The question of which bank to open a current account for legal entities and individual entrepreneurs worries many novice entrepreneurs. In addition to the bank's reliability, it is worth paying attention to a number of specific criteria.
Maintenance and opening of a current account in most cases is a paid procedure. Before making a decision, you should carefully study the rates of banks. As a rule, the larger the bank, the less favorable tariffs it offers, such financial institutions are primarily focused on large businesses.
If you are an individual entrepreneur, then you have the opportunity to freely dispose of your own money. Therefore, it is better to open a current account with the bank in which you have an individual account. Thanks to this, you will be able to transfer money between accounts for free online.
The work of any company can be significantly facilitated by the presence of a "client bank", which allows you to draw up and send payment orders without leaving your home. Almost every bank has its own version of the Internet Bank today. It is worth evaluating its convenience, as well as security (security) based on the demo version or user reviews. A number of banks charge a subscription fee for using and installing the Internet bank, while others provide an opportunity to use it free of charge.
If you have a large turnover with one counterparty, to increase the efficiency of settlements with him, you should open a current account with the same bank.
Another important question is how much it costs to carry out one payment order, because with an active turnover, a very decent amount can be formed.
From time to time, almost every company feels the need for cash. Therefore, when analyzing tariffs, you should pay attention to the cost of withdrawing money from a current account, for example, through a checkbook or a plastic card. It is also worth clarifying the cost of depositing money into the company's account.
