Settlement account for IP: a necessity or a pleasant addition?

In connection with the rapid growth of support for small businesses, the question of how to open a settlement account for an IP is more and more often faced by beginning entrepreneurs. Some people even prefer to do without it, but you should know that in some situations you can not do without PC, for example, when working with legal entities or IP, who make payments only in non-cash form.

Advantages of use:

- the presence of an account increases the degree of confidence in you when making deals;

- convenience and time saving in payments, payments of contributions and taxes.

This is far from complete listing of what benefits you get if you open an account for an IP. It is important to remember that the key role here is played by the bank with which you conclude a service contract, because it is on it that the availability or absence of certain services depends. It should be noted that by opening a settlement account for IP, you must notify the tax authorities (regardless of the selected bank). Not that you will be obliged to pay a fine of 5000 rubles!

However, with all the benefits of MS, there are disadvantages (for non-payment of taxes or delay of other payments). The fact is that the law allows the IFNS to suspend all operations of an individual entrepreneur, which can be very inappropriate, if you need to pay with suppliers.

As mentioned earlier, the bank plays a huge role if you open a settlement account for a PI. So let's talk about what criteria it should choose and what to look for when signing an agreement with the bank:

1. Reliability. It always plays a key role (not only in the business sphere). The main criterion for clarifying this factor is the length of stay on the market. The older the bank, the less likely it is to lose your money during a crisis, as they will be insured.

2. When opening a settlement account for a PI, make sure that you are provided with an online banking service and additional options. Some are provided free of charge, while others will charge you monthly.

3. Ask your future partners about the banks they work with. This will not only learn about their reputation, but also show you who you better start cooperation for saving money on interbank operations.

4. Compare the cost of service in each of the banks. Often, some tariffs and additional fees are not stated in clear text, so carefully study the contract.

5. If your activity will be associated with frequent transfers throughout the country, then try to find out how big the branch network of this bank is. It is possible that after the information you have received, you will open a settlement account for PIs elsewhere.

Experienced businessmen, when opening additional RSs, conduct not only an analysis of the above characteristics, but also calculate how much they will be left with settlement and cash services for the year. Today, you can find out all the prices by calling the bank's help desk or by reading the service agreement on the site. By opening a settlement account for IP, it is this factor that can sometimes play a key role, because how much money you will save for the entire period of activity depends on the RKO.