A correspondent account (subaccount) is a subaccount that is part of another account opened in banks by associations or economic organizations that are not included in the scope of the bank's institution. In turn, this account is opened by any of these companies as a part or a branch of their main indicator.
Instructions
Step 1
A credit institution or its branch can open a correspondent account only from the date of making a corresponding entry in the "Book of State Registration of All Credit Institutions", as well as after assigning it a certain registration number. In this case, the basis for its opening is the conclusion of an account agreement.
Step 2
In order to open a correspondent account, a credit institution must submit the following necessary documents to the Bank of Russia subdivision (settlement network):
- Application for opening this correspondent account;
- a notarized copy of the license confirming the implementation of banking operations;
- copies of constituent documents, which must also be notarized;
- the charter of the credit institution;
- certificate of state registration of the company (this credit institution);
- a copy of the statement on the transfer of funds from the accumulative temporary account to the main subaccount, as well as a letter from the registering authority.
Step 3
You will also need a letter from the territorial branch of the Bank of Russia with the appropriate confirmation of the approval of the candidacies of the head, as well as the chief accountant of the credit institution.
Step 4
The organization needs to make a certificate confirming that the company is registered with the Compulsory Health Insurance Fund, as well as a notarized card with the stamp of the credit institution and with the signatures (their samples) of the head, chief accountant, as well as authorized officials of the company, the right to sign which has been agreed with the Bank of Russia.
Step 5
The last necessary item is an information letter from the Main Interregional Center for the Distribution and Processing of All Statistical Information of the Goskomstat of Russia or a letter from the territorial body of State Statistics with codes assigned to this company according to all-Russian classifiers.
Step 6
After all the documents have been submitted, a sub-account will be opened by order of the head of the division in the settlement network of the Bank of Russia.
