In whose name the nominal account is opened. Nominal account - what is it for and how to open it? In which banking organizations to open a nominal account for trustees
Since 2014, there has been a special nominal account for legal representatives, social payments are transferred to it. In addition, the account is for alimony, disability or survivor benefits. Guardians of a minor or incompetent citizen of Russia have the right to dispose of the funds at their discretion. Most often, such accounts are opened at Sberbank, since it has the most branches and branches, and banking devices are found in all public places. In addition, the financial institution is characterized by high security and stability in the financial sector. His activity proves that the functioning of the internal system is not affected by the economic situation in the country, since for a long time he has consistently fulfilled his obligations to serve customers. Next, we will consider in detail the nominal savings account of the guardian in Sberbank, what is it? After all, those who have recently become a guardian do not know all the intricacies of this procedure, and why it is necessary to have this account.
Previously, the law allowed guardians to use only a certain amount of money that was credited to the account of the ward. Its size was no more than a living wage. And in order to withdraw a much larger amount, the guardians had to apply to the guardianship authorities for a special permit. These funds can be spent on education, upbringing, maintenance.
But, everything changed in 2014, when amendments were made to the legislation of the Russian Federation. They say that the account for calculating monthly payments is not opened in the name of the child, as it was before, but in the name of an adult who looks after the ward. It turns out that, under the new law, it is not necessary to ask permission from the guardianship and guardianship authorities when disposing. However, this does not mean that you can start spending money without restrictions.
Since it is impossible to track the movement of funds on the account, the state decided to protect the incapacitated and underage citizen with the help of reporting that the guardian provides to social services. This measure is due to the fact that quite often this category of citizens becomes unprotected, and they are often used for their own selfish purposes. Therefore, people who take on the duties of a trustee must account for all money spent. The guardian provides state bodies with all receipts and checks, and also takes a printout of transactions from Sberbank. This caregiver service is provided free of charge.
Important. This reporting rule does not apply to some citizens. For example, proof of spending is not required from natural or adoptive parents if the child lives with them from birth.
All the rest provide reports every year, it must be received by the state structure no later than the first day of February.
The nominal account of the guardian is opened by Sberbank and several other Russian credit institutions. Few people understand how this process works, because in fact there are three account holders - the bank, the guardian and the ward himself. And if we consider the banking structure, then such an account is opened only for two participants in the transaction. That is, the deposit has two owners, one refers to the actual, and the other is formal.
The practice of using nominal accounts
People and banking structures faced all sorts of difficulties because of this bill. In fact, it turned out that financial institutions could not open a nominal account for a guardian, because they did not understand what it was. At the same time, the organization understands this concept in a different way, where there are only two participants in the transaction. And according to the new regulations, there were three of them. Against this backdrop of confusion, caregivers faced the problem of not being able to receive benefits. Since the guardianship authorities demanded an account that was nominal, and the bank refused to open them.
The main reason for the refusal was the internal instructions of all banking organizations. In addition, banks did not have special software, which led to the fact that benefits for a minor or incapacitated citizen were simply not transferred. The first financial institution that opened a nominal account for guardians was Rosselkhozbank. And already at the end of the autumn of the same year, Sberbank began to offer such a service, a few days after the opening of such an opportunity, it bypassed all banks that work in this area.
Rules for using a nominal account
The legislation clearly states for which payments funds can be credited. This is explained in Article 37 of the Civil Code of the Russian Federation. Thus, only social payments can be credited to the account - these are:
- compensation for harm to health;
- allowances, pensions;
- alimony, in the event that parents are deprived of their rights;
- survivor benefits, for example, both legal guardians of a child have died.
It is extremely important for a banking organization to know the purpose of the transfer, in the event that the organization does not understand from whom and for what the money comes, then they are returned to the sender. For example, if funds are transferred for the maintenance and education of a child, then it is required to indicate in the payment documentation that this is alimony. If you specify the wrong purpose of the transfer, the recipient will not receive any payments. Sberbank closely monitors compliance with the law.
Sberbank cannot independently control all the expenses that a guardian makes. However, in the event that the bank system has a suspicion that the funds are being spent for other purposes, the customer service is terminated. In addition, a banking organization warns the legal representative of a minor or incapacitated citizen, as well as official guardianship and guardianship authorities, if an amount exceeding 1.4 million rubles accumulates on the balance of a nominal account. This is due to the fact that this is the amount covered by insurance.
Important. Trustees are allowed to make transactions, receive certificates and statements from a banking institution, and account management can be transferred to third parties, while a power of attorney is required.
Features when opening
A trustee who has children aged 14 to 18 in his care, as well as incapacitated children, can conclude an agreement. An adoptive parent or one of the family members - mother or father - can open a bank account.
People under guardianship do not need to be taken to a bank branch, the whole procedure is formalized without their personal presence. However, in order to open a nominal account with Sberbank, the trustee must write an application, as well as provide the manager with a package of documents. The agreement must indicate the personal information of the ward, as well as all information about the person who took the minor and incapacitated person into care. It is worth noting that the trustee is not only an individual. An educational institution, a medical organization can act as its role. All cases are individual, therefore, before registration, it is required to clarify detailed information in the guardianship and guardianship authorities.
Also, the agreement with the bank clearly states which payment transactions are provided for guardians, they should not violate the rights of the ward. Sberbank provides for the accrual of an interest rate on the balance, it is also prescribed in the contract. To date, Sberbank pays 3.67 percent on the funds that remained on the account during the billing period. It should be noted that indexation of payments occurs once a quarter.
The agreement describes in detail all the rights and obligations of the parties under the agreement, and also indicates the tariffs at which the client is serviced. The account is opened without a set expiration date. The trustee has the right to independently terminate the agreement with the credit institution, but at the same time, Sberbank notifies the minor and incapacitated citizen in writing of the termination of the agreement and the closure of the account.
Important. The ward has the legal right to independently terminate the contract with the financial institution. However, this is possible only if a person is recognized as completely legitimate. For example, a child has reached the age of 18, or the abolition of incapacity by a court decision.
Required documentation for opening a nominal account
The bank has established a list of basic documents that a trustee must submit in order to open a nominal account. The guardian presents a document that certifies the identity, that is, a passport. It is also necessary to present a birth certificate or other document of the person under guardianship. In addition, the bank requires to provide a writ of execution on declaring a person incapacitated or limited in capacity, where the name of the guardian is written. In the event that a child is adopted, a document from the guardianship and guardianship authorities is required. If the child is adopted or adopted, then a court decision is attached.
Sometimes it happens that the guardian is not a citizen of the Russian Federation, then it is necessary to present the bank with a certificate from the migration service. It must prove the legality of the presence of a foreign citizen on the territory of Russia. Also, if a person has a TIN, you need to provide a document to a credit institution.
In the event that all the supporting papers are in order, then the Sberbank employee opens a nominal account, which starts with the numbers 40823. This account number is presented to government organizations that charge monthly payments.
In which banking organizations to open a nominal account for trustees
Citizens who have taken guardianship can open an account for the transfer of benefits in any bank that provides this opportunity. To date, their number has increased markedly. However, Sberbank is the leader in opening nominal accounts. This is due to the fact that most budgetary organizations cooperate with Sberbank, which means that payments are credited much faster. In addition, it has a huge number of branches throughout the country, which means you don’t need to go anywhere, but just contact the nearest office, which is located next to your home.
Guardians have a situation that they need to open a new nominal account, because according to the law, the amount on a savings account cannot exceed 1.4 million rubles. This is due to the fact that these funds are insured by the state in case of unforeseen circumstances. You can contact banks such as:
- MinBank;
- VTB 24;
- Uralsib;
- Rosselkhozbank.
Difficulties with using nominal accounts of Sberbank
The bill was passed in order to facilitate the guardianship of people. However, the creation of nominal accounts has some drawbacks that create significant problems for citizens who are guardians of minors and incapacitated persons.
The most significant drawback of the program is the inability to link an invoice to a plastic product. In addition, it is impossible to view the balance on the balance through the mobile application or personal account on the official portal of the bank. The nominal account of the guardian is simply not displayed online in Sberbank, so it is simply impossible to find out about receipts remotely.
Understanding this, Sberbank goes to meet the guardians and offers additional services, for example, connecting the Zelenaya street option. The program involves the transaction of funds from the guardian's deposit to a card or other current account. To do this, you need to draw up an appeal at the Sberbank office for the automatic sending of funds from one to another current account. With this option, managing payouts is much easier.
It is possible to withdraw cash from a nominal account only in the office where the agreement on its registration was signed. That is, when moving on the territory of Russia, it is impossible to withdraw cash. In addition, it is not possible to use a payment terminal or make a purchase online.
Important. These savings accounts are not as secure as regular ones. That is, the bank does not keep confidentiality. State structures have full access to the movement of funds on the account. For example, when the guardian is late to submit a report on his expenses on time, the guardianship authorities request details from the bank for all expenses.
Despite some shortcomings, this nominal account made life easier for the guardians. Indeed, now it is not necessary to obtain monthly permission from the guardianship and guardianship authorities to withdraw cash that exceeds the cost of living. In addition, all funds that are in the account are not subject to arrest or collection for the debts of the guardian.
Nominal accounts are used by banks for individuals and legal entities, but what is the essence of this service? What options are there and for whom it may be convenient to open such an account, we will analyze in understandable terms.
What is a "nominal account" in a bank
First, let's define the terms that are obligatory for understanding in this issue.
The concepts are introduced in Article 860 of the Civil Code of the Russian Federation (Part 2) of January 26, 1996 N 14-FZ (as amended and supplemented, entered into force on September 1, 2018).
Nominal account- This is a type of bank account that is opened by one person (account holder), and the funds in the account belong to another person (beneficiary).
Account owner- a person who has entered into an agreement with the bank to open an account.
Beneficiary- a person who owns the rights to all funds in a nominal account. He is also called the beneficiary, although this may seem somewhat illogical.
Schematic representation of the essence of any nominal account:
Short: The money of one (the beneficiary) is managed by the other (account holder), on the terms specified in the contract. The bank holds the money and controls the transactions.
Such accounts can be used by both individuals and legal entities.
Bank
What does the bank do:
- Opens an account.
- Keeps money on it, accrues interest.
- Fulfills the conditions prescribed in the contract and the law.
- Contacts the beneficiary upon application of the account holder to make changes to the subject of the agreement or to close the account.
- When closing an account, transfers balances to another nominal account.
- Writes off payment for their services.
- Does not allow suspension of the operation (cannot be arrested).
Beneficiary
What can the beneficiary:
- Has rights to all funds in the account (it does not matter who contributed them, even if it was the owner).
- Transfer and withdraw money.
- Coordinate any transactions.
- Require supporting documents for account transactions.
- Require the bank to provide information constituting bank secrecy.
Account owner
What can an account holder do:
- Withdraw funds for transactions agreed in the contract.
- Deposit money into an account.
What the account holder must:
- Provide documents to confirm the purpose of spending.
- Other than specified in the contract.
Treaty
What you can specify when drawing up a contract:
- The indication of the beneficiary is obligatory (there may be several of them).
- The beneficiary may not participate in the signing of the contract.
- Reasons for the participation of all parties.
- Control over the use of funds by the owner in the interests of the beneficiary.
- You can set any rules and restrictions on the use of funds by the parties.
What are the nominal account options
There are several very close concepts that are used for the activities indicated in the diagram at the beginning of the article.
The meaning is always the same - there is an account, there are several parties, and not their owner manages the money, but the other side.
Depending on the requirements for the bank, participants in transactions and funds in the account, we can distinguish:
- nominal account.
- Escrow - not only money, but also property can be stored on this “account”, and not only a bank, but also law firms, specialized companies (escrow agents) can act as a guarantor.
- Public Escrow Account - Payments by the account holder can only be made within the organization. The owners of such accounts can be, for example, bailiffs.
- Letter of credit - most often 2 parties are involved - the buyer, the seller and 1 bank from each side. In this case, the buyer's bank may provide co-financing (crediting).
- Collateral Account - The money in this account can be used, but the amount must not fall below the secured obligation. The bank and two parties are involved.
Formally, the civil code considers 3 account options: nominal, escrow and public deposit.
Detailed theoretical calculations are presented in a video from the head of the Department of Civil Law of the HSE Faculty of Law.
Who can be a member:
Parties:
- Child, orphan - parent, guardian.
- Disabled, incapacitated - guardian.
- Buyer-Seller (legal entity and individual).
- FTS - notary - debtor.
Guarantee: Bank, law firm, agent company.
Account finances: social payments, pensions, benefits, payment for a product / service, payment for an apartment and other real estate, reclaimed debts, etc.
Comparison and features
Many options for using special accounts lead to some confusion in understanding the terminology, for example, in real estate transactions in different banks, a nominal account, letter of credit, and escrow can be used. This does not change the idea - the safe box is replaced by an account.
There are various specific nuances that are important to understand in each case. A description of all the pitfalls for general situations is suitable for a textbook, but we try to explain the essence in simple words.
Here are a few highlights for different account options to help you catch the possible difference.
Table: Comparison of nominal accounts.
Account type | Characteristics |
Nominal | Interest is charged on funds. Cash flow can occur regularly. The Bank controls compliance with the agreement. |
Escrow | A strictly defined amount is blocked on the account, there is no movement of funds. The remuneration of the bank as an escrow agent cannot be charged from the funds on the escrow account, unless otherwise provided by the agreement. If the transaction is not completed within a certain time, then the agent will return the entire amount to the owner of the escrow account. The bank bears full responsibility. |
Letter of credit | Opportunity to get a loan from the bank. There is no need for all participants in the transaction to work with one account in one bank. |
Collateral | The beneficiary may be the bank in which the account is opened. It can be opened in advance - when there is no contract yet, the second party, finances. |
public deposit | The owner of such an account can be, for example, a notary, a bailiff service, a court. If funds were recovered from the debtor, then they can only be sent to certain bodies, for example, to the Federal Tax Service. Law No. 212-FZ defines the circumstances for replacing the owner of a deposit account. It can only be opened in a bank with a capital of more than 20 billion rubles. |
Pros and cons
Financial relations between the two parties with the involvement of a third, guaranteeing the "purity" of relations have always been in demand. From this follow the main advantages of the considered accounts:
- The main advantage of nominal accounts is − guarantee. This means that there are responsible persons for compliance with all the rules prescribed in the contract.
- The procedure for evaluating the success/correctness of the performance of actions by the parties is clear.
- It is known what will happen in case of unauthorized actions / failure of the transaction.
- The interests of all parties are maximally observed and enshrined in the contract.
- Most of the risks of "distrust" have been removed.
What can be attributed to the disadvantages:
The system of working with nominal accounts is very young, for only a few years banks have been trying to focus on foreign experience and adapt it to domestic realities. From the lack of rolling of all stages, difficulties arise:
- An increase in the terms of operations is a deviation from the declared ones.
- Lack of a sufficient number of qualified specialists.
- The need to study the nuances for each specific atypical case.
The edition of the Civil Code of the Russian Federation in 2014 was supplemented with 10 clauses on Nominal accounts and Escrow (clauses 860.1 - 860.10). In this edition, there are already 15 supplemented and amended paragraphs. Work in this direction is being actively carried out, since many issues in the laws require detailed study and amendment, taking into account feedback from banking and legal practice.
The practice of using nominal accounts
Let's analyze the main typical situations of application - they are actively used by bank customers.
Per child for guardians
In a situation where it is necessary to receive social benefits in favor of children, a convenient option would be to use a nominal account for a child.
In this case:
The beneficiary is a child in whose name the payments are made.
Account holder - parent/guardian.
Such nominal accounts are provided only for money intended for the child and must be spent on the maintenance of the ward.
What payments can be received here: alimony, payments for the maintenance of a minor, benefits, survivor's pension, etc.
essence: The account is in the name of the guardian, but the money formally belongs to the child. And should be spent in the interests of the child.
Protection: funds will not be seized if the guardian has any debts that can be collected.
Important: Not all payouts will go to this account. What funds will not come - remuneration to guardians, i.e. money directed to the guardians.
What is the advantage - you can spend finances without asking additional permission from the guardianship authorities. But as before, you must definitely report to guardianship before February 1. The reports are not for everyone. For example, parents who receive child support do not need to submit reports.
What are the disadvantages - guardianship authorities can request (despite the presence of bank secrecy) from the bank information on spending funds from a nominal account - an extract in electronic or written form, which is impossible for other personal accounts, for example, for deposits. Pay attention to the possibility of remote work under a remote banking service agreement. It is possible that many transactions will not be available through online banking. It is necessary to clarify this when applying for opening, and familiarize yourself with the tariffs.
If there are 3 children, then you will have to open 3 accounts - 1 account owner and 3 beneficiaries. An additional application is required to transfer all funds to one separate regular account.
To open, you do not need permission from the guardianship authorities, you only need documents:
- The passport.
- Confirmation of guardianship.
- Passport / birth certificate of the child.
After opening, you can get account details and transfer them to officials in the body that makes regular transfers to the child.
Detailed comments on interaction with nominal accounts from a lawyer in family and children's law Zharov A.A.
Other social payments
The situation looks similar with other payments for compensation for harm to health, for the loss of a breadwinner, alimony, pensions, benefits, and any other funds paid to the holder:
- minors
- incompetent,
- disabled citizens.
The package of documents is changing, which must be clarified when opening an account.
In all these cases:
Beneficiary- This is the one for whom the money is allocated.
Account owner- guardian, guardian
Nominal account for the sale of an apartment/mortgage
In 2017, Sberbank's DomClick service introduced the Secure Payments Service. It is thanks to the use of nominal accounts that such a service is possible.
In fact, instead of a safe deposit box, an account is used.
Beneficiary: real estate seller (beneficiary).
Account owner: depends on the organization, in Sberbank it is the central nervous system.
- Reduce the risk of cash handling
- Cheaper procedure.
- The processing speed is increased.
- Additional guarantees for both the seller and the buyer.
- Reduction in document flow (even compared to a letter of credit, which is also actively used for such transactions).
What the deal looks like, the main steps:
- An agreement is being drawn up.
- The buyer opens a nominal account.
- The buyer transfers the amount necessary for the purchase.
- The bank blocks the money until the terms of the contract are fulfilled.
- Registration of real estate, confirmation of the change of ownership, obtaining USRN data.
- The money is transferred to the personal account of the seller.
In the opinion of the editors, a more appropriate term for such an account would be not "nominal", but "escrow" - after all, blocking the amount until certain conditions are met is its characteristic feature.
Most likely, the terminology used is designed not to scare off customers with new strange words. In fact, as we found out above, in the Civil Code of the Russian Federation 3 accounts are nominal: escrow, public deposit and directly - nominal.
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The problem of secure payments is especially relevant for citizens who are going to buy a dwelling using borrowed funds. A nominal account with Sberbank for a mortgage allows you to refuse to use cash and conduct a transaction without unnecessary visits to a bank branch. A nominal account is similar in functionality to a letter of credit, which guarantees the security of settlements.
Stages of the transaction when applying for a mortgage in Sberbank
The purchase of housing using mortgage funds is carried out according to the algorithm below:
- Study the mortgage programs of Sberbank;
- Apply for a home loan;
- Wait for the decision of the credit committee. If the application is approved, the applicant will receive a notification containing the key terms of the mortgage agreement (maximum loan amount, term of the loan agreement, interest rate on the loan). Notice of approval of the application is valid for 6 months;
- Find a collateral object that meets the requirements of a credit institution;
- Evaluate the premises (this operation is performed by an appraisal company accredited by Sberbank);
- Collect a package of documents related to collateral and provide it to the loan manager;
- Insure the deposit and buy a life insurance policy;
- Sign the loan agreement;
- Register the agreement with Rosreestr;
- Withdraw money from a nominal account in Sberbank in case of a mortgage and settle accounts with the seller;
- Pay off your mortgage and remove the encumbrance from the collateral.
After making the last payment at the bank's cash desk, the borrower must take a certificate of no debt. This paper will become insurance against possible technical errors and illegal additional charges on a housing loan.
Cashless payments under an agreement to obtain a mortgage at Sberbank
Until 2017, the purchase of mortgage apartments was carried out with the help of a letter of credit and safe deposit boxes. Significant disadvantages of these methods include the need to transport large amounts of cash and significant commission costs (about 0.1% of the loan amount).
The use of letters of credit involves a rather complicated workflow, and safe deposit boxes can become the object of covert verification by law enforcement agencies. Since 2017, the Secure Settlement Service (SBR) has been operating at Sberbank, eliminating the risk of fraud and misappropriation of funds. The nominal SBR account can be used when selling the following construction projects:
- Apartments;
- Rooms;
- Shares;
- Commercial real estate;
- Car places.
The SBR nominal account is used to transfer funds under mortgage agreements. Financial transactions are carried out according to the following algorithm:
- The buyer transfers money to a nominal account opened with Sberbank;
- Funds are blocked until the transaction is registered with Rosreestr;
- After the transfer of ownership to the buyer of real estate, the money is transferred to the seller's account. The buyer can receive an extract from the USRN, which will indicate the new owner of the premises.
Cashless payments allow you to transfer money to a nominal account with Sberbank in case of a mortgage without using a safe deposit box. The average term for registration of property rights is 7 days. If the transaction fails, the buyer will receive the transferred funds in full.
After the completion of all transactions, the parties to the agreement will receive notifications that will be sent by e-mail. You can apply for the use of a nominal SBR account at a branch of Sberbank. The application will take approximately 15 minutes to complete. The service is provided on a paid basis. To sign the contract, you will need a TIN, passports and bank details for transferring funds.
How to transfer an advance for a mortgage at Sberbank?
The transfer of the deposit is prescribed in the preliminary contract for the sale of the apartment. This document must include the following information:
- Details of the parties;
- Technical information about the construction site;
- Information about citizens registered in the apartment;
- The amount of the security deposit and the period for which the advance is paid. If there is a simultaneous purchase and sale of several objects, then prepayments must be made for the same period;
- Detailed description of the actions of the parties to the contract;
- A list of papers that need to be prepared for the transaction (the consent of the co-borrower, a certificate of no debt, etc.);
- Terms and reasons for the return of funds;
- Method of notifying the counterparty of the actions taken (registered letter or e-mail);
- The amount of overhead costs (the contract must indicate the party that compensates for the costs);
- Terms of departure of tenants from the purchased premises (if any);
- Circumstances that may annul the transaction (refusal of the guardianship and guardianship authorities, problems with the legalization of redevelopment, etc.);
- Date and place of conclusion of the agreement.
Before making an advance payment to a nominal account with Sberbank for a mortgage, you need to make sure that the seller is the owner of the housing. To do this, you need to order an extract from the USRN at the MFC or Rosreestr. The transfer of funds must be confirmed by a receipt. This paper must include:
- Passport details of the borrower and lender;
- The size of the deposit;
- Number of the preliminary agreement, according to which the funds are transferred;
- The date the document was drawn up;
- Signatures of the parties.
If the contract is canceled at the mutual desire of the parties, the advance payment is returned to the buyer. If there are mutual claims, counterparties have the right to defend their position in the judiciary.
How to choose an apartment for a mortgage in Sberbank?
Sberbank specialists have developed a special website (domclick.ru), which makes it easier to search for real estate and allows you to negotiate the terms of an agreement remotely. The electronic storefront of the DomClick service contains hundreds of offers from construction companies accredited by Sberbank. On one of the pages of the portal there is a convenient form that allows you to find the right living space in a few minutes.
To quickly find an apartment, you must specify:
- Type of housing (secondary market or apartments in new buildings);
- Apartment price;
- Floors of the building;
- Number of rooms in the room, etc.
Transactions are managed through the Sberbank Online electronic personal account. The user of the system can draw up digital documentation and track the status of their applications.
The Future of Mortgages
Sberbank plans to gradually abandon paper media. Mortgage transactions will be carried out exclusively in non-documentary form. All transactions can be made using a special smartphone application and an enhanced digital signature. The settlement system will be built on the basis of blockchain technologies and artificial intelligence, taking into account the individual preferences of the buyer.
The client will no longer have to open a nominal account with Sberbank for a mortgage, as the money will be instantly transferred using cryptocurrency wallets. The role of financial intermediaries will be reduced to the provision of additional services and various options.
How to open a nominal account with Sberbank is a question of interest to guardians whose wards receive social benefits. The nominal account is issued to the guardian, and the incoming funds are intended for the ward. So, how to open and how to use a nominal account with Sberbank online, as well as other nuances of this issue.
Who can open an account
A nominal account is opened for a third party managing the beneficiary's funds, i.e. ward.
The account can be opened in the name of parents, guardians or other legal representatives of minors. The account receives social payments from the state. Also, alimony or pensions can be transferred to him.
Where to open a nominal account
Until 2015, it was possible to open an account in any bank, more than 50% of whose shares belonged to the state. When this rule was abolished, the only condition was that the bank participate in the Unified Deposit Insurance System, and the amount of funds in the account of the ward should not exceed 1.4 million rubles.
This means that you can open an account in any bank that operates a deposit insurance system, but the difficulty is that not every bank seeks to implement such a system, since this requires a lot of time and other resources. Also, the reluctance is due to other difficulties, for example, setting up alerts.
Important!
Today, the best conditions for opening a nominal account are offered by Sberbank. On the official website you will find a standard form for crediting social benefits, and other frequently asked questions.
Instructions for opening a nominal account
Registration of the account does not require the presence of the ward. There are also no difficulties for the beneficiary. Opening includes 3 stages:
- Collect the necessary documentation and apply to the bank branch with the appropriate application.
- At the Sberbank office, draw up an agreement, which will indicate the personal data of the guardian and the rules for disposing of funds.
- Contact the department of social protection of the population or another state body that makes social payments. The application will need to indicate the account number.
Required documents
To open a nominal account with Sberbank, you need to provide a package of documents, including:
- guardian's passport;
- the birth certificate of the beneficiary, if he was under 14 years old at the time of opening the account;
- passport of the ward over 14 years old.
If the guardian of a minor citizen applies, in addition to the above documents, an act confirming the right to be a guardian and dispose of the beneficiary's funds will be required. Also, if available, you must attach the TIN of both parties.
If the guarded citizen is incapacitated, a document confirming the incapacity will be added to the list above. If a citizen who is not a citizen of the Russian Federation applies, a migration card will be required.
Account opening conditions
The following conditions are relevant for issuing a new nominal account for guardians in Sberbank:
- The opening is for an indefinite period.
- The currency in which the account can be opened is the Russian ruble. Other currencies are prohibited.
- There is no minimum balance.
- Replenishment is carried out only by bank transfer. It is also possible to transfer from one nominal account to another, if both belong to the same person. In the purpose of payment, only “Alimony” and “Compensation for harm to health” can appear.
- There are no restrictions on the amount withdrawn from the account.
- You can make a long-term order that will provide periodic transfers of funds from the account to the plastic card of the beneficiary or other persons.
Advantages and disadvantages of a nominal account
Like any banking product, a nominal account has its pros and cons. The benefits include:
- Ease of opening an account. Only basic documents are needed.
- 1.4 million rubles are insured by the state.
- Every 3 months, interest on the deposit is charged at 3.67% of the total amount.
- The account holder has access to all financial transactions.
Among the shortcomings, one can single out the immaturity of the product. With the advent of this initiative, the range of powers of guardians is expanding, and therefore the targeted spending of funds is a matter of conscience. The popularity of guardianship has grown, and it has become more difficult to control the proper use of money.
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