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A bank account is created if the individual non-resident shows his/her pass or other identity papers authorized in Russian Federation.
The pass or other valid identity paper of an individual is to contain the entrance visa issued by the coresponding legation or the consulate of Russian Federation beyond its border, or by the Ministry of Foreign Affairs of Russian Federation. If under the threaty the individual non-resident can entry the country without a visa, this paper is not necessary to create a bank account.
A bank account can be created only in the presence of the non-resident.
To manage the bank account the agent of the non-resident has to provide the notarized letter of attorney.
The letter of attorney sent (brought) from abroad is to be legalized at the embassy (consulate) of Russian Federation beyond its border or at the embassy/consulate of the foreign state situated in Russian Federation.
All the papers in foreign languages produced at the Bank are to be translated into Russian and to have the notarial attestation.
Term of a bank account is open-ended.
Interes on the rest money is not paid out if it is not provided by the additional agrrement to the Contract about bank account services for individuals.
The bank writes off the money rest from the account inside of the credit balance.
Overdraft of an account is not included.
The bank provides services due to the current legislation of Russian Federation, to the standart rules of the Central Bank and due to the service fees of the Commercial Bank "Ellipse Bank" stated for individuals in rubles.
| ©2001-2003 Commercial Bank Ellipse, Inc. |