This operation takes a minimum of time. In Russia, every bank and non-bank organization must open at least one correspondent account with the Central Bank. It can be said that it serves as a "registration record" of the financial organization in the Central Bank registry. In addition, commercial banks are allowed to have correspondent accounts - their number is not limited.
Correspondent, current and personal accounts: what is the difference and how to distinguish one from the other As we have already figured out, a correspondent account is opened only by banks. But within russia telegram mobile phone number list the banks themselves, there are two more types of accounts that they open for clients - current and personal. We will tell you what tasks they perform.
A current account (C/A) is needed by an organization or individual entrepreneur to fully conduct commercial activities: make non-cash payments to partners, transfer salaries to employees, pay taxes, fees, duties. It can be opened in a state or commercial bank. More details about this are given in the article, individual entrepreneur or individual, but its use in commercial activities is prohibited by the Central Bank.