How to open a bank account in FINAM Bank

GSL reference about the bank What is it?

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GSL rating

rating

Beginning of cooperation

September, 2024

Last contact

December, 2024

Last update

October, 2024
  • the bank was founded in 1994 in Moscow;
  • is part of the Finam holding group, which in turn is one of the five largest investment companies in Russia;
  • the bank opens settlement and savings (deposit) accounts;
  • the bank opens accounts not only for Russian companies, but also for foreign companies registered in Russia;
  • documents of a foreign company are provided in legalized / apostilled form in originals with a notarized translation into Russian;
  • there is no minimum account balance requirement;
  • account opening requires tax registration in the Russian Federation and a visit of the director to the bank branch; it is also possible to open an account by power of attorney for the account manager;
  • it is possible to make international payments in foreign currency; available currencies: CNY, THB, VND, BRL, USD, EUR, TRY, INR, TJS, KZT, UZS, AMD, GEL, KGS;
  • issuance of bank cards is possible;
  • Internet bank;
  • account opening term – from 1 month
GSL rating
rating
Beginning of cooperation
September, 2024
Last contact
December, 2024
Last update
October, 2024
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General information and rating
General information and rating

Not rated
Global rating
Not rated
Countrywide rating
Countrywide rating of the head bank
Global rating of the head bank
Year of foundation
1994
History
The Bank started its operations in 1994.
Personnel
The staff communicates in Russian and speaks English
Bank’s shareholders
FINAM MANAGEMENT LLC (9,98%; RUB 9,7 million)
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    Minimum requirements
    Minimum requirements

    0
    Minimum balance, €
    No restrictions
    Transactions permitted per month
    0
    Initial deposit of funds, €
    0
    Deadline for the initial deposit, month
    Minimum balance, €
    No minimum account balance requirement
    Transactions permitted per month
    No restrictions on the number of transactions
    Initial deposit of funds, €
    No down payment initial deposit
    Minimum turnover, €/year
    No turnover restrictions
    How fast payments are executed
    Same day or next day

    Tariffs and services
    Tariffs and services

    35
    Outcoming transfer, €
    0
    Incoming transfer, €
    N/A
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    When transfer is made by a legal entity - resident of Kazakhstan, Armenia, Kyrgyzstan, Belarus, UAE or Turkey, a fee of 0,3-0,5% of the amount (depending on currency) is charged, when transfer is made by a legal entity - resident of another country - 0,07-0,5% (depending on currency and tariff plan)
    Incoming transfer, €
    No commission is charged for incoming transfers
    Distant access to the account
    There is Internet banking
    Financial products
    The bank provides a full range of financial products and services for individuals, entrepreneurs and legal entities
    Credit/debit cards
    Bank cards can be issued

    Account opening procedure
    Account opening procedure

    Days to open for incoming transfers
    Case by case
    Days to open for outcoming transfers
    Case by case
    References
    Not necessary
    Purpose of the account
    Savings & current
    Visit to the bank
    Opening an account requires a visit by the director to a bank branch. It is also possible to open an account by power of attorney for the account manager
    Required
    List of corporate documents of a foreign company required to open an account in a Russian bank:
    - Certificate of Incorporation / Certificate of Incorporation;
    - Memorandum and Articles of Association;
    - Certificate of Good Standing;
    - Extract from the Registrar (Certificate of Incumbency);
    - Extract from the Registrar (Certificate of Incumbency);
    - Certificate of the legal entity's tax registration with the tax authority of the Russian Federation (INN Certificate);
    - Documents confirming the powers of the sole (collegial) executive body of the legal entity;
    - power of attorney (in case of account opening by power of attorney); the text of the power of attorney must be agreed with the bank;
    - identity document of the sole executive body (individual) of the legal entity, persons authorized to dispose of funds on the bank account, and other representatives of the legal entity; notarized signature and seal card.
    The list is not exhaustive and may vary depending on the country of registration of the foreign company and the selected bank. Banks reserve the right to request any additional documents and information.
    Documents of a foreign company shall be provided in legalized / apostilled form in originals with a notarized translation into Russian language
    Types of accounts
    Savings; Current
    Opening procedure and Due Diligence
    It is possible to open an account without visiting the country where the bank is located
    Chances to open an account
    Predictable

    Banks of Russia

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
    1 500
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    1 500
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    1 500
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    1 500
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    1 500
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    1 500
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    1 500
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    1 500
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    1 500
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    1 500
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    1 500
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    1 500
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    1 500
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    1 500
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    N/A
    1 500
    N/A
    N/A
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