In the modern world, hardly anyone can imagine his life without banking structures. In order to receive a salary, an accrued scholarship, to pay for telephone or utility bills, to pay for goods via the Internet - all these services became possible thanks to the efforts of existing banking organizations and the development of progress in the sphere of managing both personal and corporate finances. It is difficult to find a person who has never turned to a bank in his entire life. Let's have a brief overview of the main services provided by banks to individuals in Belarus.
Banks in Belarus
Today, according to information posted on the official website of the National Bank of Belarus (link), only 24 banks operate in the country. The largest of them are:
OJSC Savings Bank Belarusbank ,
OJSC Belarusian Bank for Development and Reconstruction Belinvestbank
VTB Bank CJSC (Belarus)
CJSC Minsk Transit Bank
OJSC Bank Dabrabyt
Provision of services to individuals
Each bank provides a wide range of services for individuals. The main ones are: the opening of deposits, the provision of loans (consumer, for the purchase of real estate, etc.), the opening of card accounts in national or foreign currency, the purchase of securities and precious metals, the design of Internet banking, online-insurance.
Documents required by an individual to open an account
Upon opening any type of account to a resident individual, the client or his authorized representative, upon personal appearance at the Bank, presents a passport or other identification document (residence permit, refugee certificate), fills out an Account Opening Application, Bank Account Agreement and / or Bank Agreement accounts in foreign currency. In all banks of the country, this procedure takes a maximum of one business day.
Types of accounts
The choice of a particular type of account depends on a number of conditions, the most important of which is the determination of the legal status of the borrower.
The most popular type is the current account. It can be opened by an individual and a legal entity. When opened by an individual, an account is used for crediting and transferring funds that arise from civil legal relations. Sources of replenishment of the current account of an individual may be his cash, salary, pension, alimony, scholarship, royalties, rent for rented premises, funds received from the sale of property, etc. From a current account (i.e., in non-cash form), individuals can pay with trade and service enterprises (shops) for purchased goods, pay utility bills, make payments to the budget, and so on. According to the banking code of the Republic of Belarus, the owner of the current account provides the bank with the right to use temporarily available cash funds in the account with interest. Also, the account holder pays the bank a fee for the services rendered to him. On such accounts, such operations as are possible: crediting to the account of funds received in the name of its owner; transfer of funds from the account to other persons, including a bank and (or) non-bank financial institution; cash withdrawal from the account. The bank is obliged to carry out operations on the current (settlement) bank account within one banking day.
Article 210 of the Banking Code defines charity accounts. Under a charity account agreement, the bank is obligated to open a bank account for an individual or legal entity to collect, store and use funds received in the form of gratuitous (sponsor) assistance or for donations.
Deposit accounts are opened to accumulate cash. They accumulate funds by which the bank conducts active operations. A client needs a deposit account to store and increase their savings. The client deposits funds to this account, and the bank charges interest on them. The percentage level is different in different banks and for different types of deposits. Deposits are urgent and on demand. If the deposit is urgent, the client does not have the right to claim his money until the deadline for the contract with the bank. In case of urgent need, this can be done. However, you will have to pay a fine, the amount of which is determined by the bank. Money can be withdrawn from a demand deposit account at any time. But the percentage level in this case is minimal. It is worth noting that when placing a deposit in foreign currency for a period of less than two years, in Belarusian rubles - less than 1 year, you will have to pay 13 percent income tax on your income (deposit interest). Be sure to consider this nuance when choosing a deposit.
Loan accounts (accounts for credit debt accounting) are opened when a loan is issued, with their help the bank takes into account the movement of funds associated with the issuance and repayment of a loan. Based on the maintenance of this account, the bank exercises control over the implementation of credit conditions. Account data does not belong to the category of client accounts. The bank uses them to fix the debt of the client, while the amount of the loan issued can be transferred to the client’s current account.
Precious metal accounts
Another interesting phenomenon in banking practice is accounts in precious metals, which can be classified as savings. In addition to gold, silver and platinum, which everyone has heard, palladium, iridium, rhodium, ruthenium and osmium are also considered precious metals. Only authorized banks can open such accounts and work with precious metals - branches of the National Bank and commercial banks that have a special license for opening and maintaining accounts in precious metals, their purchase and sale, placement of precious metals in deposits and deposits.
For settlements using bank plastic cards, card accounts can be opened for individuals and legal entities. They are divided into the following groups: credit, salary and corporate. A credit card is issued upon registration. With its help, you can pay by credit funds of the bank, and also repay the loan without contacting the bank branch. The salary card is opened by your employer (or individual entrepreneur) for payroll or payment of royalties, royalties, payments under a contract. Using corporate cards makes it easier for the company to issue funds to employees for travel and business expenses; eliminates the need to use cash. As a rule, an unlimited number of cards can be issued to a corporate card account. The balance on the corporate account can be summarized both in general and in the context of each card. All this, as well as regular account statements help the legal entity to more effectively control and analyze the spending of corporate funds by employees.
Revocable and irrevocable contributions
Article 179 of the Banking Code defines the contribution (deposit). This is money in Belarusian rubles or foreign currency placed by individuals and legal entities in a bank for the purpose of storage and receipt of income for a period of time, either on demand or until the circumstances specified in the concluded contract occur.
An agreement of a bank including ad (deposit) on demand (revocable) is such a type of deposit, according to which the bank is obliged to return the deposit (deposit) and pay interest accrued on it upon the depositor's first request (individual or legal entity).
An urgent bank deposit agreement (irrevocable) is a deposit under which a bank is obliged to return a deposit and pay interest accrued on it upon the expiration of the period specified in the contract or the onset (non-occurrence) of the circumstances specified in the contract. Percent you the deposit is charged in the currency of the deposit. When calculating the interest amount the number of days in a year is taken to be actual (365 days in a normal year and 366 days in a leap year).
Foreign account opening in Belarus
Citizens of other countries (non-residents of the Republic of Belarus) have the opportunity to freely open accounts and conclude bank deposit agreements. To open an account non-residents must submit an identity document to the bank. If this document is executed in a foreign language, the original and a copy of an identity document translated into Russian or Belarusian with a notarization certificate are submitted to the bank. The authenticity of the translator's signature on such a translation or the fidelity of the translation of a document must be notarized or the translation is certified by a foreign authorized person within their competence. If a foreign citizen permanently resides in Belarus, to open a bank account it will be enough to present a residence permit in Belarus. It should be noted that a foreign citizen can open an account in Belarus in the following currencies: US dollar, Belarusian ruble, Euro, Russian ruble.
Having your own card account in the Bank of Belarus, you can easily connect to the Internet-banking system. This service will greatly facilitate the process of managing the cash flow in your accounts. You can carry out operations using the Internet-banking system around the clock, being anywhere in the world with only access to the Internet. There are two options for managing a bank account using the Internet-banking system on a computer (online banking) or installing a mobile application. The possibilities of online-banking are very diverse and they depend on the particular bank where the accounts are open. So, for example, you can make transfers from card to card, make payments around the world for goods and services.
Photo: profitrealestate.ru, rbrbank.r