Cash-Settlement Servicing In Foreign Currencies And Russian Rubles Under Operations Of Non-Residents
AK BARS Bank places high emphasis on its client business and regards it as one of the priorities in its activities. The Bank always aims at providing its customers with the widest range of services and ensuring maximum convenient conditions for its customers’ businesses.
The atmosphere of the business communication, high quality banking service contribute to the growth of trust on the part of the Bank’s customers and, as a result, to stable opening of accounts with the Bank.
Professional approach oriented on constant improvement of customer servicing enables to take into account individual characteristics of each client and provide timely advisory service to clients on questions of cash-settlement servicing and foreign exchange control.
Foreign exchange operations of customers
AK BARS Bank executes settlements under foreign exchange operations. The Bank:
- credits proceeds in favor of customers;
- executes payments abroad by order of its customers;
- purchases foreign currency against Russian rubles;
- executes conversion operations;
- executes sale (including obligatory sale) of foreign currency.
Documents required from residents
Documents required from non-residents
Foreign exchange control
AK BARS Bank controls all types of foreign exchange operations in accordance with the current foreign exchange legislation.
Highly qualified experts consult the Bank’s customers at any stage of the transactions realized by the customers. The Bank provides its customers with a wide range of services basing on the following principles:
- an individual approach to each customer;
- strict observance of the current legislation;
- progressive methods and technologies applied when providing services to the Bank’s customers;
- high professional level of the Bank’s staff;
- regular and timely provision of the information to the Bank’s customers on all amendments of the applicable Russian foreign exchange regulations;
- prompt (within one hour) preparation of foreign exchange control documents in compliance with the regulations of the Bank of Russia.
AK BARS Bank offers services on arranging of remote bank document turnover using the „Client-Bank“ system. The use of this system substantially improves execution of payments and up-grades the efficiency of the foreign currency account management.
Fees charged for cash-settlement servicing
| # |
Service |
Fee |
| |
Debiting the Client account for transferring tax payments to different budget funds |
Free |
| 1. |
Debiting the Client account, excluding tax payments (for one document) |
RR 6 |
| |
Crediting the Client account (incoming payments from other banks and from the Bank’s Clients) |
Free |
| |
Depositing cash to the account |
Free |
| 2. |
Cash withdrawal from the account: |
| 2.1 |
for individual businessmen |
1% |
| 2.2. |
for corporate clients: |
|
| 2.2.3. |
for salary and payments equal thereto |
0,8% |
| 2.2.4. |
for other needs |
1% |
| 4. |
Check-book issuing and registration: |
| 4.1. |
containing 25 sheets |
RR 25 |
| 4.2. |
containing 50 sheets |
RR 50 |
| 5. |
Account opening: |
RR 100 |
| 6. |
Certification of the list of signatures (for one signature) |
RR 100 |
| 7. |
Account closure |
RR 50 |
| |
Receipt of daily statements from the bank operator when visiting the Bank |
Free |
| |
Receipt of daily statements out of the Bank’s boxes |
Free |
| |
Receipt of information via telephone when using the system „Telephone-Client“ |
Free |
| 8. |
Issue of statements by the Client’s request for a certain period of time |
RR 25 |
| 9. |
Issue of copies of: |
| 9.1. |
Statements |
RR 25 |
| 9.2. |
Payment documents (for each document) |
RR 2 |
| 10. |
Client’s inquiries on operations: |
| 10.1. |
up to 3 month trace |
RR 50 |
| 10.2. |
over 3 month trace |
RR 100 |
| 11. |
Reports on account balances |
RR 50 |
| 12. |
Inquiry on payment fate by the Client’s written application |
RR 50 |
| 13. |
Settlement of the Client inquiry about the payment cancellation after the closure of the operating day |
RR 50 |
| 14. |
Confirmation of the information to custom, court and tax bodies by the Client request |
RR 25 |
| 15. |
Fee for incorrect money depositing into the collector bag money (of the amount actually deposited into the collector bag) |
0,1% |
Interests accrued to the average balance of the Client account
| Average monthly balance |
Interest rate |
| from RR 500 000 up to RR 1 000 000 |
0.8% (p.a.) |
| from RR 1 000 001 up to RR 3 000 000 |
1% (p.a.) |
| from RR 3 000 001 and more |
2% (p.a.) |
Notes:
- For budget organizations all banking services are provided free of charge.
- Interest rates and tariffs are applied in the Bank’s Head office. The information about the commissions charged in the Bank’s branches and outlets is given via contact phones of the respective branches and outlets.
