A subaccount is a correspondent account that is opened for a bank or credit institution in another credit institution or in a subdivision of the Central Bank of the Russian Federation. These accounts do not actually differ from the current accounts of legal entities and individuals. They are used to carry out settlements that are made by one credit institution at the expense of another or on its behalf.
Instructions
Step 1
Write an application for opening a sub-account. It is drawn up in accordance with the form 0401027, approved in Appendix 32 of the Central Bank Regulation No. 2-P of October 3, 2002 "On cashless payments in the Russian Federation". Indicate the name of the subdivision of the Central Bank of the Russian Federation or another bank in the country, as well as the full name of the branch of your credit institution.
Step 2
Please indicate your request to open a correspondent account. Certify the document with the signature of the chief accountant and director, as well as the seal of the company. Under the application there is a place in which the second party will note the permission to open a sub-account and its number.
Step 3
Collect the package of documents that is attached to the application: a certified copy of the banking license; a certified copy of the constituent documents; a letter from the Central Bank of the Russian Federation confirming the approval of the candidacies of the chief accountant and the head of the enterprise; registration certificate; a certified card with samples of the signature of the head of the enterprise and the chief accountant and a seal imprint.
Step 4
If a subaccount is opened for a branch, then also prepare a certified copy of the message from the Central Bank of the Russian Federation that the branch is included in the Book of State Registration of Credit Institutions and has been assigned a serial number; a certified copy of the Branch Regulations; as well as the original of the power of attorney issued to the head of the branch for opening a sub-account.
Step 5
Sign the correspondent agreement for opening a sub-account after you receive a positive decision on your application. All settlements and transactions between credit institutions must be carried out in accordance with this agreement.
