How to open an account with a foreign bank.

In times of crisis and in connection with the unstable and tense situation in the country, Russian citizens are increasingly thinking about opening an account with a foreign bank. The order of filing and processing of documents is a rather complicated procedure, but if desired and a competent organization it is feasible for almost every citizen of the Russian Federation.

Ways to open an account with a foreign bank.

At once it is necessary to be defined with concept of foreign bank. All banks located on the territory of the Russian Federation are subsidiaries of foreign banks. And their activities are fully regulated by the Central Bank. These financial organizations are subject to the legislation and jurisdiction of the Russian Federation as well as any Russian bank. The activities of foreign banks are prohibited on the territory of our country. Therefore, in order to open an account with the European Bank, one should use one of two methods:
1. Personally visit the bank branch in another country.
2. Seek help from intermediary firms.

In case of a personal appeal, a certain set of documents should be prepared, with which it is better to familiarize in advance. You can obtain the necessary information on the bank's website or in the Russian subsidiary. The main documents include:

• The passport of the citizen of Russia;
• international passport;
• Certificate of criminal record;
• Certificate of income;
• Certificate of the composition of the family.

Some banks may need additional documents. For example: the characteristics of the workplace, utility bills, recommendations from Russian banks. And sometimes you need a personal interview with a bank employee. Passage of this procedure, as a rule, is requested in US banks, Swiss or English banks.

If you use the help of a company engaged in opening accounts in foreign banks, you should additionally provide a sample of a certified signature. The signature is certified in the consulate of the country where the account is planned to be opened, or in the subsidiary branch of a foreign bank in Russia. The cost of services for opening an account varies depending on the country and branch of the bank, and may amount to more than 10 thousand dollars.

Methods of account management.

Management of funds on a foreign account is not much different from managing money in a domestic bank. This can be done with the help of online banking, checkbook, plastic card and other means, including courier mail services. But to deposit money into the account will be much more difficult. There are two ways: cash and non-cash. When transferring funds from an account in a Russian bank to a foreign account, you should provide the bank with a certificate from the tax office. Cash transfer is carried out through the intermediary firm or a branch of the bank in Russia. In both cases, a commission is charged.

Additional important information

It is important to know that opening an account with a foreign bank should inform the tax service about it within a month. And every year to report in this organization on the state of the account.