Zero account for legal entities: features and advantages

Krympress reports:

Opening an account for legal entities With a zero balance is a special banking product that allows companies to register a billing account without a mandatory entry of the minimum balance. This option is especially in demand among novice entrepreneurs and companies at the startup stage, when there is still no active cash flow.

The zero account retains all the basic functions of the usual billing account: acceptance and sending payments, connection of acquiring, the possibility of remote control through the Internet bank. The main difference is the lack of fines for the zero balance and more flexible service conditions at the initial stage of business development.

The main advantages of the zero account

1. Savings on maintenance — many banks offer a grace period without a bill for accounting or with minimal tariffs
2. Lack of a mandatory minimum balance — the company is not obliged to maintain a certain amount on the account
3. Quick opening is a simplified registration procedure compared to standard corporate accounts
4. Full functionality — the ability to carry out all the necessary operations, despite the zero balance

How to open a zero business account for business

The procedure for opening an account for legal entities with a zero balance is practically no different from the standard:

• Preparation of a package of documents (constituent documents, registration certificate, data of managers)
• The choice of a bank with suitable tariff conditions
• Application (online or in the department)
• Passage of identification and verification
• Activation of the account after approval of the application

It is important to take into account that after the end of the grace period (usually 3-6 months), tariffs for servicing the zero account may change.

When to switch to a standard tariff

A zero account is a temporary solution at the stage of business formation. The transition to a regular corporate account is recommended for:

• the appearance of stable cash flows
• the need to expand the banking service (loans, overdraft, salary projects)
• increasing the number of account operations
• the need for more profitable tariffs for active business

Many banks offer an unhindered transition from zero to a standard tariff without re -collecting documents.

Conclusion

A zero account for legal entities is a convenient tool for starting companies that allows you to start banking services without unnecessary costs. At the same time, it is important to study the conditions for the transition to standard tariffs in advance and choose a bank with a flexible system for serving a growing business. The opening of an account for legal entities with a zero balance helps entrepreneurs to optimize expenses at the initial stage, while maintaining all the necessary functions for conducting financial activities.

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