How to open a bank account in Transstroibank

GSL reference about the bank What is it?

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GSL rating

rating

Beginning of cooperation

September, 2024

Last contact

April, 2025

Last update

April, 2025
  • established in 1994, it has its central office in Moscow;
  • it used to be part of the group of companies of Baltic Construction Company; since 2006, after change of shareholders, the bank’s main field has been financing real estate projects;
  • the bank opens current and savings (deposit) accounts;
  • the bank opens accounts not only for Russian companies but also for foreign companies, that is those incorporated OUTSIDE the Russian Federation (RF);
  • original documents of a foreign company that are provided shall be legalized / apostilled and have a notarized translation into Russian;
  • there is no requirement regarding the minimum account balance;
  • tax registration in the RF and director’s visit to the bank’s office are required to open an account; it is also possible to open an account by power of attorney issued to the account signatory;
  • it is possible to make international payments in a foreign currency; available currencies: RSD, CNY, INR, BYN, KZT, AMD, GEL;
  • it issues bank cards;
  • there is online banking;
  • opening an account takes at least 1 month
GSL rating
rating
Beginning of cooperation
September, 2024
Last contact
April, 2025
Last update
April, 2025
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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 has been operating in the market of banking services since April 1994
Personnel
The staff communicates in Russian and speaks English
Bank’s shareholders
Previously part of the holding company Baltic Construction Company (BSC)
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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

    100
    Outcoming transfer, €
    0
    Incoming transfer, €
    N/A
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    Outgoing payments in USD and EUR are subject to a fee of 2% of the payment amount (the minimum is USD / EUR 50; the maximum is USD / EUR 350); for CNY, it is 0,1% (the minimum is CNY 150; the maximum is CNY 500); for KZT, it is 0,5% (the minimum is KZT 500; the maximum is KZT 3 000); for UZS, it is 0,3% (the minimum is RUB 500); for BYN, RSD, INR and other currencies, it is 0,2% (different limits are set)
    Incoming transfer, €
    No fee is charged for incoming payments in a foreign currency
    Distant access to the account
    There is Internet banking
    Financial products
    The Bank has extensive experience in financing a number of large construction projects in Russia and abroad. It serves businesses in restaurants, hotel and tourist services, food industry, construction materials production, leasing, real estate operations, wholesale and retail trade and other areas
    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
    N/A
    N/A
    1 500
    N/A
    N/A
    1 500
    N/A
    N/A
    1 500
    N/A
    N/A
    1 500
    N/A
    N/A
    1 500
    N/A
    N/A
    1 500
    N/A
    N/A
    1 500
    N/A
    N/A
    1 500
    N/A
    N/A
    1 500
    N/A
    N/A
    1 500
    N/A
    N/A
    1 500
    N/A
    N/A
    1 500
    N/A
    N/A
    1 500
    N/A
    N/A
    1 500
    N/A
    N/A
    1 500
    N/A
    N/A
    1 500
    N/A
    N/A
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