The procedure for identifying foreign taxpayers. Criteria for classifying customers as foreign taxpayers
A savings account with Sberbank is a perpetual deposit that does not have restrictions on income-bearing transactions within the amount on the account. A savings account differs from other types of financial services of Sberbank in that the amount deposited by the depositor to the account is saved and used by the client as long as the contract is valid. That is, having opened a savings deposit once, the client no longer worries about renewing an account or opening a new one.
In addition to guaranteeing the safety of funds, the investor has the opportunity to receive a small income in the form of interest on invested funds with a monthly capitalization.
Having decided to use the savings program of Sberbank, the client should know that:
- this program involves the calculation of the lowest interest rates, so opening a Savings Account to receive passive income is pointless, unless the client deposits a large amount of money. Savings deposits are positioned as a means of storage and settlement, rather than accumulation;
- accrued interest cannot be transferred to another account or plastic card.
Sberbank Savings Program Terms
Any citizen with a Russian passport can use the savings program of Sberbank. Customers are invited to open an account in rubles, euros and dollars. However, there is no restriction on the amount of funds deposited. To open a Savings Account, a client must have at least 10 rubles.
The Savings Account Agreement includes the following conditions:
- Sberbank is used as a depository, the client can dispose of funds in the account at his discretion - to withdraw, replenish, make payments and transfers;
- There is no limit on account replenishment - the depositor can replenish the account with any amounts from 1 ruble, dollar or euro;
- Interest is accrued on the balance of funds in the account based on the time they were spent;
- The client can at any time terminate the contract by withdrawing all money from the account;
- Payments from the Savings Account can be made in cash or non-cash.
Interest rates on Sberbank Savings Accounts
Often, investors have a question - and how do they differ, in Moscow and other cities. It all depends on the selected contribution.
As noted above, interest rates on Savings Accounts are among the lowest. Their value is calculated based on the balance of the account. When calculating income, data for the previous month are taken. Also, the interest rate depends on the type of currency in which the account is opened.
For deposits in rubles with an account balance of less than 30,000 rubles, the interest rate is 1.5%. As the funds in the account increase, so does income, with a maximum interest rate of 2.3%.
For foreign currency deposits, interest rates are from 0.01% to 0.1% (depending on the amount of the deposit).
Tip: A special form is presented on the Sberbank official website with which you can calculate the estimated income and find out the value of interest rates.
How to open a Savings account in Sberbank?
You can open a Savings Account in two ways:
- contact the nearest branch of Sberbank;
- use the Sberbank Online service.
Opening a deposit at a branch of Sberbank takes only a few minutes, during which the specialist prepares the contract and related documents. After they are drawn up, signed, and deposited the necessary amount into the account, the client can immediately use his account for financial transactions.
Sberbank customers can also open a Savings Account via the Internet using the Sberbank Online service. To do this, on the official website of the bank you need to follow the links: Private customers - Save and save - Savings account. On the page that appears, click on the button - Open Account.
Sberbank - Savings account (reviews)
Sberbank customers are the vast majority of citizens of the Russian Federation. Having a Savings Account, a client can count not only on additional income and the safety of his funds, but also on preferential ones. Using the services of Sberbank every day, customers willingly leave their feedback on cooperation with it.
Valeria:
I use the salary card of Sberbank. Recently, a consultant suggested that I open a Savings Account in order to transfer part of my salary to it and receive additional income. I do all operations through Sberbank Online. Very modern and comfortable.
Olesya:
Savings accounts are not as popular as before, now they use plastic cards more. However, they do not accrue interest. Therefore, I chose a savings deposit for settlements and transfers. The possibilities are the same, but here I still get interest every month.
Vladimir:
I `m a pensioner. Accustomed to the passbook, it is convenient to remove and replenish the account. At the same time, there are no fees for servicing the Savings Account, which cannot be said about the same cards.
For customers with a regular need for cashless receipts and receipts operations, a convenient accumulation tool, the Savings Account at Sberbank, is ideal. What it is? This is a perpetual deposit with the most free conditions for replenishment and withdrawal. A piggy bank service, popular today, can be connected for it. We learn more about this offer of the bank for individuals and study its conditions for 2017.
What is a Savings Account?
The Savings Account service is provided by Sberbank to individuals who wish to freely manage their own funds and at the same time receive additional profit. Although interest rates for this type of deposit are small, they will provide regular income to the owner. Note that an important advantage for modern people is that you can open a deposit and turn off the service online. Let's find out how.
How to open a deposit online
The banking service agreement gives individuals maximum independence in using the financial services of Sberbank. In most cases, this is achieved through the use of Internet banking and a personal account of the client.
The online procedure for opening a Savings Account is as follows. You open the personal account of Sberbank Online and select “Deposits and Accounts”. Active contributions for 2017 will appear here, if you already have them. In addition to them, “Opening a deposit” and “Closing a deposit” will be offered.
We are at the starting point - it is important for us how to launch the Sberbank service for the accumulation of money, therefore we activate the “Opening of deposit”
We follow the link and find ourselves on a page that contains information about deposits and accounts available for opening online. Please note that some deposits and accounts have higher interest rates if they are processed online.
The minimum interest rate applied to the savings account is 1.5% for ruble deposits. You can open a Savings Account with Sberbank in rubles, dollars, and euros. For foreign currency, the percentage is set even lower - it is 0.01%.
Opening a deposit is accompanied by the obligatory execution of the corresponding contract. In online mode, you will be provided with a document, the agreement with the provisions of which means its actual signing. Carefully study the information on the opened deposit, read. Examine to open a deposit.
Thus, you can draw up an agreement to open a Savings Account with Sberbank online remotely, or, having studied the standard form of the agreement, go to a bank branch to complete the transaction. The service is also available at ATMs / terminals.
Why is the service attractive?
It is important for the client to understand what benefit this or that investment will bring him. What is the attractive service of opening an Savings Account online, and what are the advantages of the deposit itself? The advantages of this contribution include:
- lack of a minimum and maximum mandatory contribution amount;
- there are no restrictions on partial replenishment and withdrawal up to 0 (regularity of contributions, their amounts, cash withdrawals - without any restrictions);
- flexible system of interest calculation: the minimum balance is charged monthly interest in the amount provided for in the contract.
The bank also accrues interest on the difference between the minimum and the actual balance, albeit in the minimum amount of 0.01% per annum.
How to disable accumulation
And how to disable the Savings Account of Sberbank if the client decides to completely abandon it? First of all, the choice can be made in favor of online disconnection of accumulations. This is convenient, since the connection and disconnection procedure does not take much time and does not require a visit to the bank. So, we enter Sberbank Online on the page where deposits and accounts are reflected. We will be offered along with the opening of "Closing the deposit."
Consider where the funds that were accumulated in the account will be withdrawn. If you cannot resolve this issue on your own, contact a bank for advice. This service is free.
Remember that when closing a Savings Account, it is important not only to know how to disable this savings, but also to take care of how to withdraw or where to withdraw money. The technical issues associated with managing savings are clear. We turn directly to the conditions of the deposit, relevant for individuals in 2017.
Select the “Close deposit” service in the options of the Savings Account, indicate where to withdraw money and confirm the request in SMS
Terms of deposit of Sberbank of Russia
An important condition for any deposit is interest rates, which will allow you to accumulate the desired amount. We learn what Sberbank offers on a Savings account to its customers in 2017.
Interest rates from 1.5%
Depending on the currency in which to open a Savings account with Sberbank, interest will be charged:
- 1.5% is accrued if the amount from 0 to 30 thousand is located on the settlement terminal;
- 1.6%, if the balance is within 30 thousand - 100 thousand;
- 1.7% - in the amount of 100 to 300 thousand;
- 1.8% - for amounts from 300 to 700 thousand;
- 2% is charged if placed from 700 thousand to 2 million;
- a 2.3% rate is provided for all amounts in excess of 2 million rubles.
Piggy bank connection to account
Additional deposit opportunities are the provision of a piggy bank service. In Sberbank, the Piggy Bank service is connected to the Savings Account at the request of the client. This makes it possible to obtain additional profit, and also allows you to save the desired amount under the program Piggy Bank.
Note: loyal terms of disposing of one's own money using the Piggy bank service allow the client to carry out expense transactions without restriction.
How to replenish the deposit - we learned, and how to withdraw money if necessary? There are several ways to do this. We talk about them further.
Saving Account Funds
A savings account is convenient in that the savings can be available to individuals for withdrawal or replenishment at any time. There are no restrictions and strict requirements. You can control the deposit, like any other bank account, using your personal account in Sberbank Online.
How to check the amount of savings
In Sberbank, you can check your Savings account online in your online banking account in the deposits and accounts section. To do this, just go to the "Accounts and Deposits" page.
Available funds will always be reflected next to the name of the deposit. In addition, here you can perform other operations, for example, transfer part of the funds to another individual to a card or account. Transfer money between your personal accounts or activate the Piggy bank service online.
In the mobile application, the Savings Account will also be reflected in active deposits. This makes it easier for smartphone users to complete a number of financial transactions online, since the phone is always at hand.
How to withdraw money
So, you have learned what advantages this type of deposit has, how the interest is calculated and the interest rate set by Sberbank of Russia on the Savings Account. Consider the conditions and mechanism for withdrawing money from this deposit, which the bank offers.
The possibility of a partial withdrawal of funds up to a zero balance involves an open Savings account with Sberbank. How to withdraw money if necessary? For this, the following options are provided:
- directly at the bank branch;
- withdrawal via Internet banking to a debit card (transfer operation from account to card);
- at ATMs / terminals (managing your own accounts and cards and transfers between them).
Any of these methods will allow you to withdraw the desired amount. Now you know how to withdraw money from Sberbank Savings Account. Funds are at the disposal of the depositor, any of the methods is used to partially withdraw funds if necessary.
Conclusion
Detailed information on what the Savings Account in Sberbank is will help potential and existing customers make their choice. If you need free disposal of money and for the bank’s services for the accumulation of funds, this deposit is the best option. It is important that interest is not lost upon withdrawal. They are accrued on the actual and minimum balances in accordance with the terms of the contract.
Reading 7 min. Views 633 Posted on 11/28/2018
Many Russians, in order to increase their capital, turn to banks for services of registration of accumulative deposits. This method of accumulation is quite convenient, uncomplicated and reliable. But before preparing the necessary documentation, potential clients-depositors have two urgent questions: which financial institution should I prefer and which type of deposit to focus on.
If the first question in most cases, the first question is decided in favor of Sberbank, as the leading, reliable bank of the Russian Federation with many years of experience, then the second should be dealt with in more detail. Which savings account at Sberbank for individuals is preferable? Which of the deposits has a faster and more stable yield?
Savings account provides an opportunity not only to save, but also to increase their savingsCumulative contribution: essence and features
The main feature of savings accounts is the ability to not only invest there the initial amount in order to accumulate interest on the account, and the possibility of periodic replenishment. Having a savings account of Sberbank with replenishment, its owner also has the right to withdraw income, but with the requirement to maintain the established balance on the deposit balance.
An accumulative deposit is one of the varieties of a deposit, under the terms of which its owner is able to replenish and cash out the finances stored there, in addition to the main yield in the form of a fixed interest.
This contribution, according to experts, has several advantages. Significant advantages include the following nuances:
- The ability to replenish the account monthly, increasing profits (interest is also accrued on the funds deposited).
- It is allowed to cash out accumulations, while the initial conditions do not change.
What savings deposits does Sberbank offer for registration?
How to choose a savings account of Sberbank, the conditions and interest of which are different and are based on the type of programs offered? A diverse line of deposits developed by Sber at this level meets all customer requests, so each potential client-investor can note the best option for themselves.
Features of savings accounts
"Replenish Online"
The main difference between this type of deposit is a certain opening condition. You can only issue an account remotely using the Sberbank-Online service. Which means that only bank customers holding plastic cards can take advantage of these offers. A deposit is made out under the following conditions:
- period: 3–36 months;
- monthly income accrual;
- there is capitalization of interest;
- minimum amount for registration: 1,000 rubles;
- replenishment: cash and non-cash in the amount of 1,000 rubles;
- annual: 3.95–5.12% (depends on the duration of the deposit and the initial cost).
"Replenish"
This type of deposit is similar to that already considered, the difference lies in the registration process. The “Replenish” deposit is opened at Sberbank branches. The remaining requirements are identical to “Replenish Online”, but there is a difference in the annual percentage. Here it has a level of 3.70-4.60% annually.
“Manage Online”
One of the types of savings deposits processed in an online way. It should also be opened only with the help of a remote Sberbank service. The conditions are as follows:
- annual: 3.25-4.80%;
- there is capitalization;
- validity period: 3–36 months;
- monthly interest accrual;
- minimum amount to be issued: 30,000 rubles .;
- the possibility of additional deposits (from 1,000 rubles) and partial cashing out (with a requirement for a residual balance of 30,000 rubles).
Each type of savings account has the ability to automatically renew
“Manage”
A similar type of deposit, which is allowed to be issued for a personal visit to the Sberbank office. There is a difference in the percentage: 3.00-4.30%. This type of Sberbank deposit, like other deposits, involves a monthly accrual of profitability on a separately issued plastic or open account.
For all types of savings deposits from Sber, an automatic extension is provided. That is, at the end of the validity period, contractual agreements are automatically renewed, while the conditions do not change.
Multicurrency deposit
It is used for the possibility of issuing a savings account for several currencies: dollars / EURO / rubles. The opening rules are as follows:
- period: 1-2 years;
- amount due: 5 units (rubles or currency);
- minimum amount to be credited: 1,000 rubles, 100 euros or dollars;
- interest: up to 6.80% (rubles), up to 0.90% (EUR) and up to 1.75% (for US dollars).
There is also a kind of multicurrency deposit, providing for its registration in other currency units. You can take advantage of this offer when crediting 1,000 units of the selected currency to the account. The interest rate is different and depends on the currency type:
- 0.35–2.60%: Japanese yen;
- 0.75-4.55%: pounds sterling;
- 0.15–2.60%: Swiss francs.
You can familiarize yourself with all the conditions of the savings accounts proposed for registration on the website of Sberbank
savings account
This Sberbank offer is difficult to equate to a deposit, because its interest rate is only 1.50% per annum. But the savings account has its own advantages. Its owner can withdraw / replenish it if necessary, there is also no restriction on replenishment and cash out of savings. The size of the annual tends to increase, the growth of interest occurs annually and depends on the amount of accumulation.
Which type of account do you prefer
Before proceeding with the deposit, it is also worth deciding on the type of account. Sberbank provides its customers with the opportunity to open three types of deposits:
- Card.
- Estimated.
- Deposit.
The final choice of type of deposit account will depend on how exactly the client wants and plans to use it.
Card
Designed for holders of plastic cards that are tied to a personal account of Sberbank-Online. Thanks to this, the client is free to manage his deposit and perform all planned operations at any convenient time. It is worth knowing that the details of the deposit itself and the card are different, they should not be confused. A personal account allows you to reliably save your personal savings, receiving regular passive income in the form of interest on the balance.
This type of account is drawn up in order to reliably save savings or to conduct any single monetary transaction on a large scale. For example, it could be:
- purchase of jewelry;
- purchase of motor vehicles;
- acquisition of real estate;
- transfer / receipt of large funds.
Opening a current account is carried out directly at a banking institution. It is impossible to register this type of financial service remotely. When issuing a currency settlement account, the client is required to initially open the ruble, and then transit, in order to ensure future currency conversion.
Deposit
It is better to prefer this type of bank accounts to those investors who intend not only to save, but also to increase the invested funds. Its main difference is that each period related to the reporting period is accompanied by the accrual of certain percentages.
Servicing a deposit account in Sber has no established time limit. It is allowed to replenish it, as well as cash out, if necessary without restrictions. Moreover, the greater the balance, the higher the percentage becomes.
Varieties of deposits
How to open a savings account in Sberbank for an individual
Having decided on the selection of the most suitable conditions for deposits / deposits, the client should pay a visit to a Sberbank institution. After consultation with the bank manager, a contractual agreement is made in duplicate. One of which is given to the client. To the settlement and card agreement will also be attached and a list appendix on tariffs.
Documents required to open
To make a deposit, you only need a passport. If a foreign client plans to open a deposit, he will have to present a paper confirming and permitting his presence in the Russian Federation.
Online deposit procedure
Plastic card holders can use the services of the multifunctional service program Sberbank-Online and conclude an agreement remotely. This is done according to the following instruction:
- Log in to the portal and go to your personal online page.
- From the list of the main submenu, find and go to the "Deposits / Accounts" section.
- Click on the option “Opening a deposit”.
- Before the user, a page with a complete list of the proposed Sberbank services will be formed. All offers should be carefully studied again and choose the right one. Then click on Continue.
- A specialized application form will open, which must be completed.
- After checking the entered data, check the agreement with the conditions and complete the opening procedure.
findings
So, which of the types of deposits offered by Sberbank is preferred? According to experts, the final choice is affected by the fact how much the client wishes to dispose of for its design. For example, if there is no opportunity to replenish the deposit immediately with a large amount, then you should opt for the “Replenish Online” program, and if you want to deposit more than 30,000 rubles. it’s better to choose the direction “Manage-Online”.
By the way, it would be wise to use the bank’s online services for opening deposits. Indeed, when making a deposit by a remote method, the interest amount increases. It is also worth paying attention to the available possibility of capitalization. Under this condition, the client can receive additional profit in the form of interest added to the body of the account.
In order to comply with the requirements of Federal Law dated June 28, 2014 No. 173-ФЗ “On the Peculiarities of Carrying Out Financial Transactions with Foreign Citizens and Legal Entities, on Amending the Code of the Russian Federation on Administrative Offenses and Recognizing Certain Provisions of the Legislative Acts of the Russian Federation” the Bank identifies among persons concluding (concluding) an agreement with the Bank on the provision of financial services, persons subject to foreign tax laws and foreign accounts (hereinafter - the Client is a foreign taxpayer).
Criteria for classifying customers as foreign taxpayers
Do not belong to the category of clients of foreign taxpayers:
- individuals - citizens of the Russian Federation, with the exception of individuals:
a) having simultaneously the citizenship of the Russian Federation the citizenship of a foreign state (except for the citizenship of a state - a member of the Customs Union);
b) having a residence permit in a foreign country; - legal entities created in accordance with the legislation of the Russian Federation, more than 90 percent of the shares (stakes) of the authorized capital of which are directly or indirectly controlled by the Russian Federation and (or) citizens of the Russian Federation, including those having simultaneously the citizenship of the Russian Federation the citizenship of a state member of the Customs Union (with the exception of individuals referred to in subparagraphs "a" and "b" above).
Individuals renting individual safe deposit boxes and not using other products or services provided by the Bank are not subject to identification; performing single operations without opening an account, regardless of the amount of the transaction; operations with cash foreign currency and checks (including travel); money transfers without opening an account.
Criteria for classifying Clients as a foreign taxpayer:
Individual / individual entrepreneur:
- the presence of citizenship of a foreign state;
- availability of a permanent residence permit in a foreign country (residence permit, for the USA - a permanent resident card “Green Card”);
- compliance with the criteria of “long-term stay in a foreign state”, that is, an individual / individual entrepreneur has been in the territory of this state for at least the period established by the legislation of a foreign state for recognition by a taxpayer - tax resident of a foreign state.
Entity:
- the country of registration / establishment of the legal entity is a foreign state, while the legal entity does not belong to the category of legal entities excluded from the action of the requirements of foreign tax legislation;
- a legal entity is a tax resident in a foreign country;
- the presence of foreign controlling persons who directly or indirectly own a package of shares (stakes) of the authorized capital of the company, which is recognized as relevant by relevant foreign legislation.
For the purposes of classifying the Clients as Clients - foreign taxpayers, the Bank conducts surveys of individuals and legal entities being serviced or accepted for servicing. Information is collected in writing by filling out a questionnaire in the form of the Bank.
Additional criteria for us taxpayers
In the USA, an individual is considered a tax resident on the basis of “long-term stay” if he has been in the United States for at least 31 days during the current calendar year and at least 183 days for 3 years, including the current year and two immediately preceding years. In this case, the sum of days during which an individual was present in the territory of a foreign state is multiplied by the established coefficient:
- current year ratio - 1
- coefficient of the previous year - 1/3
- coefficient of the year before last - 1/6
Teachers, students and interns temporarily present in the United States on the basis of visas such as "F", "J", "M", "Q" are not recognized as US tax residents.
Additional criteria for US taxpayers:
- place of birth in the USA
- address, mailing address, in the USA;
- uS phone number
- permanent payment instructions in the USA;
- the right to sign is granted to a person with an address in the United States;
In the United States, a foreign taxpayer is a legal entity in which the controlling persons (substantial owners) directly or indirectly own more than 10% of the shares (stakes) of the authorized capital. At the same time, the controlling entities include:
- individuals who are recognized by foreign taxpayers on the basis of the criteria set out in clause 2.2. of this Order;
- legal entities recognized by foreign taxpayers on the basis of the criteria set out in clause 2.2. of this Procedure and more than 50% (individually or in aggregate) of the total income of such a legal entity are “passive incomes”, and more than 50% (individually or in aggregate) of the average weighted amount of legal entity’s assets (at the end of the quarter) are assets that bring such an income.
“Passive income” includes:
- dividends;
- interest;
- income received from the pool of insurance contracts, provided that the amounts received depend in whole or in part on the profitability of the pool;
- rent and royalties (with the exception of rent and royalties received in the course of active operating activities);
- annuities;
- profit from the sale or exchange of property that brings one of the types of the above income;
- profit from transactions with exchange commodities (including futures, forwards and similar transactions), with the exception of transactions that are hedging, provided that transactions with such goods are the main activity of the organization;
- profit from operations with foreign currency (positive or negative exchange rate differences);
- contracts whose value is tied to the underlying asset (par);
- redemption amount under an insurance contract or loan amount secured by an insurance contract;
- amounts received by the insurance company from reserves for insurance activities and annuities.
Additional criteria for US taxpayers for a legal entity or its controlling entities:
- u.S. address;
- uS phone number
- power of attorney issued to a person with an address in the United States;
- signature right issued to a person with an address in the United States;
- as the only address for sending statements of accounts opened with the Bank, for this person is indicated “for transfer” or “demand”.