On the territory of Russia, the banking system has developed a variety of financial services. Investments are an important component of the lending market. The leading position is occupied by financial institutions offering:
Most depositors are interested in the capitalization of the deposit, what is it in Sberbank. A certain percentage is charged on each deposit. The user can decide not to withdraw them, then in the next month/quarter interest will be charged on a larger amount. As a result, the monthly monetary amount of the deposit will increase faster.
For the implementation of capitalization, it is necessary to conclude an additional agreement with a banking organization or write an application. In the absence of this document, the accrued interest will be transferred to a separate account of the depositor and paid on the day the invested money is issued, after the expiration of the deposit term.
Conditions for granting capitalization
The capitalization of the deposit (which is more detailed information can be found in Sberbank) is provided on different conditions. The most tangible income with daily dividend payments. Financial institutions receive little income, this method is not practiced. In most cases, interest payments are made monthly, quarterly, once a year. According to the signed agreement between the parties, the period for accruing additional amounts may be different.
Sberbank has developed five deposit products:
The deposit calculator helps to experiment with deposit conditions by entering the expected criteria: deposit opening date, currency, debit account, credit amount, deposit term, expiration of the deposit.
The return on investment is influenced by several main factors:
There is a way to capitalize interest without making a deposit. It can be used by holders of certain debit cards opened by a specified financial institution. Such plastics include those that use the accrual of interest on the minimum balance. This allows you to use capitalization and the ability to replenish the card for any amount.
An example of a debit card with a deposit capitalization with replenishment: "Social" has an interest rate of 3.5%.
Interest can also be charged on a credit card. To do this, the condition must be met - the storage of a sum of money exceeding the limit on the loan.
Restrictions on the capitalization of a deposit in Sberbank (which means described above):
The company is the largest bank in the country in terms of assets. For example, the page describes the services that can be obtained through the Sberbank hotline. And it describes in detail how to use the organization's pension cards. We hope that a series of prepared articles will bring you closer to the number 1 bank in our country and make its services more comfortable.
When drawing up a deposit agreement at a bank, the first thing a client is interested in is the interest rate and the terms for calculating interest. One of these conditions may be the capitalization of interest on the deposit, the capitalization of the deposit. A similar service is offered by most Russian credit institutions, including Savings Bank. Capitalization of a deposit in Sberbank is an opportunity to increase your savings by adding interest to fixed assets and further accruing interest on the total (increased) amount. At any time, the client has the right to disable the option, in which case the accrued interest will be paid every month.
Varieties of capitalization
The capitalization of interest on an account with Sberbank depends on the terms of the deposit, which differ in terms of accrual for the amount of the agreement and the possibility of adding to the balance on the main account:
- One-time. Interest is accrued once upon expiration of the agreement signed with the bank, provided that the deposit is extended. This is a small trick of a credit institution that encourages customers to leave their funds on the bank's balance sheet;
- Daily. Payments are made every day. It would seem that in this case the amount of capital should grow at a cosmic speed, but usually the amount of interest is so small that with a small amount of the deposit you will not even feel that you are getting any profit;
- Monthly. The most popular option, interest is added to the deposit every month, can be used for short-term investments for a period of three or six months;
- Quarterly. Payments are made once a quarter. An ideal option for depositors who have made a deposit for a period of three to twelve months;
- Semi-annual. It is used very rarely, interest is charged once every six months;
- Annual. Suitable for long-term deposits from two to five years. Only good for solid investments.
The capitalization option allows you to profit from your savings. In fact, that's what it's designed for.
Programs from Sberbank
Savings Bank offers its customers several tariff plans to increase their income. Consider the most popular of them:
The main part of Savings Bank's deposit rates assumes the possibility of using capitalization. In the description, the interest rate is indicated in the maximum amount, it depends on the amount of the deposit and the term of the agreement.
To open a deposit you need:
- Visit the nearest branch of the Savings Bank (you must have a passport of a citizen of the Russian Federation with you);
- Take a coupon in the terminal in the direction “Open a deposit;
- Choose a suitable tariff plan;
- Carefully read the terms and conditions and rights/obligations of the parties, sign an agreement with the bank;
- Enter the amount according to the cash receipt order, pick up the passbook.
Active Internet users can open a deposit online using Internet banking, transferring the required amount from a credit card or current account. Through Sberbank Online, you can manage all accounts, to access your Personal Account: go through the registration procedure on the site, get an ID and password. After entering the personal account, find the "Open a deposit" section, select the appropriate option and fill out the form. When opening a deposit on their own, the bank offers the client higher interest rates.
In order to calculate the possible profit, use the online calculator, it can be found on the official website of the credit institution. It is enough to set several parameters, such as the size of the deposit, the term. The system will automatically calculate, and you will be able to find out the approximate amount of payments under the concluded contract.
Benefit from capitalization
Capitalization of interest on the account is undoubtedly beneficial, since it makes it possible to increase the profitability of a deposit in Sberbank. Also, the advantages of the service include the fact that the client does not need to visit a bank branch every month to receive interest.
Capitalization of a deposit in Sberbank is a chance to increase your savings several times over. No additional documentation is required to enable this option. If this service is provided for in the program, then interest will be calculated automatically.
Video about the principle of compound interest, on which the essence of capitalization is built:
When a depositor chooses the most profitable deposit, he first of all takes into account the interest rate. But not always a larger percentage means a greater benefit. If capitalization is provided for this type of deposits, this can additionally increase income.
Capitalization of the contribution: the essence of the concept
Using interest capitalization for a deposit is one of the additional opportunities to increase passive income received. On such accounts, the received interest is automatically added to the amount of the main deposit. In the future, interest is calculated already taking into account this increase. In this case, the amount of income will exceed deposits with the same interest rate, but without capitalization.
Which deposit is more profitable: with capitalization or not
If we compare two deposits with the same interest on the deposit, one without capitalization, and the other one where it is applied, then the calculation will take place as follows.
Suppose, for example, that in both cases the contribution is 10 thousand rubles, and the annual rate is 10%.
In this case, a thousand rubles will be added to both accounts at the end of the year. At the end of the first year, the difference will not be visible.
For the second year on a regular account, interest will accrue on 10 thousand rubles and will amount to 10% of this amount, which will amount to one thousand rubles. At the end of the second year, the account will have 120 thousand rubles.
On a deposit where capitalization is applied, the situation will be different. The bank will calculate interest on 11 thousand rubles. In this case, 10% will amount to 1100 rubles. That is, in total, the account will have 111 thousand, which is one thousand more than in the first deposit.
According to the results of the second year, the interest will be calculated based on the amount of 121 thousand rubles and will amount to 1210 rubles, which will be 210 rubles more compared to a regular deposit, where there is no capitalization.
It is important to note that capitalization can refer to different time periods. Interest may be calculated more than once a year, but, for example, monthly, quarterly or every six months.
In order to compare benefits in different cases, the concept of effective rate is used. At the same time, the percentage of income is estimated taking into account all the profits received. If we take into account the amount of income, then a deposit using capitalization is more profitable.
Features of capitalization in Sberbank
For its clients, Sberbank has developed several options for deposits with capitalization. One of the conditions for this is the prohibition of withdrawing money from the account before the expiration of the deposit. In some cases, the minimum amount is small so that even those customers who have low incomes can use it. Various options are offered:
- annual;
- semi-annual;
- quarterly;
- monthly;
- negotiable.
In the latter case, the capitalization period is set individually. For example, even weekly or daily capitalization can be applied. The shorter this period, the faster the amount will grow. The most popular among customers is the monthly period.
Species (table)
This is what the capitalization of a deposit in Sberbank is - this service is provided on the following deposit accounts:
More:
- For the "Universal" deposit, it is possible to replenish it in almost any amount. Capitalization occurs every three months. Partial withdrawal of funds is allowed (at the same time, a minimum balance must remain on the account).
- There is no possibility to replenish the account on the “Save” account. Monthly capitalization. There are higher rates for pensioners.
- Replenishment is allowed for the "Replenish" deposit. Monthly capitalization.
- In the latter case, replenishment is possible without restrictions. Capitalization occurs monthly. For those who have reached retirement age, there are special offers.
What is the benefit to the client
When using this type of deposits, the client gets the opportunity not only to save his savings, but also to receive income. Capitalization of interest on a deposit account with Sberbank makes it possible in some cases to replenish the account. It is allowed to withdraw money within the limits stipulated by the terms of a particular deposit agreement.
At the same time, one must understand that even if it is allowed to withdraw interest, it does not always make sense to do so. The strength of capitalization is that income will be calculated on interest. If they are withdrawn from the account, the return will not be as high as expected.
Sberbank allows you to work with your accounts online. At the same time, it is possible to carry out replenishment or withdrawal of money in this way in accordance with the terms of the contract.
In order to make a decision on choosing a deposit, you need to consider the following:
- It is necessary to decide whether this money can be withdrawn from circulation for several years. Some, investing money, expect to live on these percentages. If so, then the deposit should not be capitalized. If you can temporarily do without this money, then capitalization will be profitable.
- You need to make an opinion about the reliability of the bank where you plan to invest money. You need to make sure that it is included in the deposit guarantee system. This will allow, in case of its collapse, to receive the invested money without any problems.
- When choosing a deposit offer, it is necessary to consider the effective rate. If it is higher, and the bank is reliable, then you should choose this offer.
- It should be borne in mind that banks may provide special conditions for certain categories of the population. Perhaps some of these conditions will be suitable.
- It should be borne in mind that deposits with capitalization may have lower interest rates than regular ones.. It may happen that because of this they become less profitable. When making a choice, it is necessary to carefully study the level of profitability with various investment options.
What affects profitability and how to calculate it
When choosing the most advantageous option, several factors must be taken into account.
- Usually the bank talks about the percentage for the deposit. More accurate is the indication of the effective rate, which gives an objective assessment of the entire amount of income received.
- The term of the deposit is of great importance. Often the interest rate is higher for deposits made for a longer period.
- In some cases, the minimum possible amount may be higher than usual. Often this means more favorable conditions offered by the bank.
- The frequency of capitalization is important. The shorter the period after which it occurs, the more profitable the contribution can be. However, the bank in such cases may offer a lower deposit rate.
- In some cases, the method by which the deposit was opened may matter. If it was done online, the percentage may be higher.
- The deposit can be made in various currencies. For this, you can use not only rubles, but also dollars or euros. They have different rates.
- If there is a possibility of replenishment, this makes it possible to increase the income from the deposit.
To calculate the yield without capitalization, there is a formula:
Amount=deposit amount*(1+interest/12)*deposit period
Example:
Let the amount be 100 thousand rubles, it was invested for 12 months with an annual rate of 15%.
Amount \u003d 100,000 * (1 + (0.15 / 12)) * 12 \u003d 115,000 rubles
Now we need to compare the data obtained with the situation when a deposit with a monthly capitalization is considered. The formula will look like this:
Amount=deposit amount*(1+interest/12)^deposit period
* designation «^» corresponds to exponentiation.
Now we need to substitute the initial data:
Amount \u003d 100000 * (1 + (0.15 / 12)) ^ 12 \u003d 116070 rubles
Comparing the results, you can see that the difference is 1070 rubles.
In order to perform the calculations necessary to compare options and select the most suitable type of deposit, you can also use specialized online calculators.
Advantages and disadvantages of the operation
Capitalization of a deposit in Sberbank - what does it give the client? Let's take a closer look:
- The advantage is a higher effective rate compared to similar conventional deposits.
- In some cases, it is allowed to replenish the account during the term of the deposit, receiving interest also on the money added in this way.
However, there are also certain disadvantages here. Let's list them:
- Since some deposits (for example, the Replenishment deposit) do not allow even partial withdrawal of funds, the client is deprived of access to his financial resources for this time. When using the "Universal" package, withdrawals are allowed, but the percentage of the deposit is set to a small one.
- With a regular deposit, access to accrued interest is retained. In the case when the capitalization of the deposit is applied, income is accrued not only on the principal amount, but also on accrued interest, so it is forbidden to withdraw them.
- For those who use deposits in order to regularly receive income in the form of interest, it is unprofitable to use accounts with capitalization.
Capitalization without interest: what is it
In some cases, one-time capitalization may apply. In this case, it is assumed that the interest will be accrued once for the entire period in accordance with the rate established for this deposit.
In fact, at the end of the term of the agreement, interest will be accrued in the same way as it happens for a regular deposit. If the client extends the term of the contract, then the income received will be taken into account during the second term.
In this case, we can consider the situation as a marketing ploy of the bank in order to encourage the client to extend the term of the contract.
Capitalization without a contribution, as an alternative offer
The client does not always want to understand the intricacies associated with various deposit offers. For such cases, Sberbank can offer interest-free capitalization. At the same time, a Social bank card is issued, on which a minimum balance is set. 3.5% is charged on the entire amount with the use of capitalization. Money on the card can be replenished at any convenient time.
findings
Using deposits with capitalization is most beneficial for those who can invest a significant amount for a long time without claiming to withdraw money. Sberbank has several types of deposits with this type of deposits. This will allow customers to choose among them the most profitable option for them.
Making deposits, bank customers choose the most favorable conditions. These include, for example, the capitalization of the contribution. In Sberbank, this means accruing interest on interest on a deposit. That is, the amounts accrued periodically (according to the terms of the agreement) are added to the initial funds or the account balance. In subsequent periods, interest is calculated on the total amount. This makes it possible to store your money with the possibility of their constant increase.
The Sberbank deposit program offers customers different types of deposits. But the owner of the passbook can be only one. It is impossible to open a deposit for two or more persons. However, it is possible to issue a power of attorney on the letterhead of Sberbank indicating those who can withdraw money, replenish a deposit, receive an extract and perform other operations.
You can open an unlimited number of deposits in your own name, as well as in the name of another person, including a child. Until he reaches the age of 14, his parents (legal representatives) manage investments. After receiving a passport, the child can dispose of the funds in the account only with their written consent.
You can open any savings account in person by visiting a bank branch, or through the Sberbank Online application, as well as at ATMs and terminals. The minimum required amount is 1000 rubles, the maximum threshold for opening a deposit is not set. Deposits can be opened in Russian rubles or foreign currency.
Minimum amount
For currency investments, the minimum amount is $100. Sberbank clients are invited to open a deposit in other currencies, including euros, with a deposit period of 5 years.
If you want to open an account in a currency other than rubles, US dollars or euros, it is recommended that you first check with the bank branches where it is possible to receive such a service.
Deadlines and actions with deposits
Investors are given the opportunity to invest funds for at least 1 month on the terms of further prolongation, the number of prolongations is also not limited. Re-issuance of the deposit occurs automatically, without visiting the bank branch by the client. When extending the term of the account, the terms of the agreement regarding the interest accrued remain until the closure of the account.
Since 2009, ruble and foreign currency investments in banks located in the territory of the Russian Federation have been exempt from taxes under certain conditions:
- If the interest rate on the ruble deposit does not exceed the refinancing rate + 10 percentage points;
- For a foreign currency account, the rate should not exceed 9%.
In accordance with current legislation, each deposit of a depositor with Sberbank is insured for a maximum amount of up to 1,400,000 rubles.
For all investments, you can draw up a testamentary permit and express your will in it in relation to the accounts opened with the bank and the amounts of money contained in them.
Offers for pensioners
For pensioners, programs are offered with an increased income rate, preferential terms and the possibility of opening a card account. A pension will be transferred to the pension card and accrued up to 3.5% per annum on the remaining amount. There is no fee for servicing the card, informing via SMS is provided free of charge for the first 2 months, and then at a preferential, reduced cost - 30 rubles per month.
To receive pensions, social and other payments, you can also open a replenished savings deposit for a period of 3 years with an interest rate of 3.5%. Interest is calculated quarterly with capitalization. The right to partial withdrawal from the book is granted.
Depositors of pre-retirement age, subject to the prolongation of their contribution, are automatically transferred to other conditions with the highest possible interest rates.
Pros and cons of investing in a bank
A bank deposit offers the opportunity to keep your funds as the total amount increases. Capitalization of interest on the deposit account with Sberbank is 4.5 - 5.0%. The proposed rate increases from the amount of the contribution and the period for which the contract is concluded. Moreover, when the next threshold in terms of amount is reached, the recalculation of dividends will occur automatically, and the calculation of income will take place at a higher rate.
It is possible to track accruals both through obtaining a statement at a bank branch, and through an online application. Withdrawal of interest can be made at the cashier-operator or transferred to your card through the Sberbank Online application. On the official website of Sberbank, it is possible to make preliminary calculations using a financial calculator.
If necessary, the bank will return the funds to you ahead of schedule at your request, but at the same time, the income part to be issued will be recalculated downward and without taking into account the monthly increase in capitalization. This condition reduces the attractiveness of investments for long periods. Be prepared for the fact that in case of early termination of the contract and closing of the account, you will receive less than you originally expected.
Conclusion
When familiarizing yourself with the terms of a bank deposit in Sberbank, pay attention not only to the interest rate, the term of the deposit, but also to the possibility of replenishing the account, withdrawing interest, as well as capitalization of interest on the deposit account.
Where can I open a deposit?
At Sberbank Online, an ATM or a bank office.
Can I open several deposits in my name at once?
You can open any number of deposits.
Can I open an account in the name of another person?
To open a deposit for another person, you need your passport and a notarized photocopy of the passport of the person for whom the deposit is being made.
Is it possible to open a deposit for several people at once, for example, a family one?
The deposit is opened only for one person, but you can arrange for free: receiving money and account statements, replenishing and depositing, closing and transferring to other accounts. To do this, contact the office of Sberbank. The power of attorney is valid for three years. The authorized person does not have to come.
In what currency can I open a deposit?
Find deposit and money
Can I find out about the presence of the contribution of the deceased under the will? How can I find a deposit if I don't know in which office it was opened?
You can apply for a search for accounts at any branch of the bank. To do this, you need to specify personal data and regions of Russia in which you should look for accounts. If we are talking about inheritance, then such a request can be issued by a notary.
How do I know that the money has been credited to the account?
You can check the crediting to your account at Sberbank Online or at the contact center at 900.
Close deposit and withdraw money
How does the bank notify that the term of the deposit is expiring?
Information on the deposit expiration date is available in the deposit agreement, as well as in Sberbank Online.
Under what conditions is the deposit renewed?
If you have not withdrawn the money from the deposit, it is automatically renewed on the terms and at the rate that are in effect on the date of prolongation. Thus, the interest on the deposit may change. If the deposit is no longer valid, it is extended as specified in the contract.
When can I withdraw the deposit if the deposit period ends on a weekend?
Log in to Sberbank Online and transfer money from your deposit to your card at any time - you can use it right away. Or come to the office on the next working day.
How to withdraw money from an account or passbook from another region?
Contact the office and submit a request for a transfer from another region. In three business days, the money will be in your bank.
Get income
What is interest capitalization?
Capitalization is the addition of interest to the deposit amount so that interest is charged on interest. This is often referred to as compound interest.
Is it possible to increase the interest rate on the deposit during the term of the deposit?
Yes, if it is written in the deposit agreement.
Is it possible to withdraw the interest added to the deposit amount and in what way?
The interest added to the deposit amount can be withdrawn at any time in whole or in part. Get interest through Sberbank Online or at a bank office.
How to find out how much interest is accrued on a deposit?
Accrued interest can be checked at Sberbank Online or at a bank office.
What is the maximum deposit amount?
Maximum deposit amount - the deposit amount at the end of the day of the date of opening or prolongation of the deposit, increased by 10 times.
What is an irreducible balance?
The minimum deposit balance is the minimum amount that must be kept in your account during the term of the deposit.
They lost the passbook, the depositor cannot come, but I have a power of attorney. Can I get interest without a book?
To receive interest without a passbook and a depositor, contact the office with a passport and a power of attorney.
Request Documents
How to get a statement from the deposit account?
Can I request a deposit statement at the office of the bank where I opened the deposit?
A deposit statement is issued free of charge upon presentation of a passport.
Manage deposits remotely
Will I be able to withdraw money from a deposit opened in Sberbank Online in different regional banks?
If you plan to withdraw money in another region, fill out an application for requesting the amount at the office. After three working days, you will be able to withdraw money.
I am a citizen of another state, but I temporarily live in Russia and I want to make a deposit. What documents do I have to provide?
To open a deposit, you need a passport of the Russian Federation or a foreign citizen, a temporary residence permit or a residence permit.
I live abroad, but I have a deposit in Sberbank. What does it take for my relative to manage the deposit?
Issue a power of attorney to dispose of the deposit with a notary or a person with appropriate authority, for example, a consul.
Can I bequeath funds to my relatives?
To bequeath a deposit to third parties, issue a testamentary disposition at the office of the bank where the deposit account is opened, with a notary or persons with appropriate authority.
What should I do if my passbook is with another person with a power of attorney, but I cannot come and do not want him to withdraw money from it?
Get a notary to certify an application for the cancellation of a power of attorney. The application must indicate the full name, office number where the deposit is opened, account number, details of the power of attorney to be canceled. Send the application by mail to the bank office where the deposit is opened.
Get compensation
Is compensation paid to contributors and heirs if they are not now citizens of the Russian Federation?
Compensations are paid only to Russian citizens, with the exception of compensations to the heir to pay for funeral services on the accounts of a depositor who died in 2001-2015. At the same time, the depositor had to remain a citizen of the Russian Federation on the day of death.
What should I do if the account was closed during the payment of compensation amounts, and the savings book was withdrawn?
You will receive payments even without a savings book for 1991. All deposits with balances as of June 20, 1991 are formed into lists of permanent storage. You can get a certificate of balances for this date at the office where the deposits are kept.
If deposits opened before June 20, 1991 were closed, and the depositor does not know the numbers of closed deposits and the number of the office where these accounts were kept, can they be found?
Closed deposits can be found in offices at the request of the depositor or legal heir, and a notary request. The information will be certified by the signature and seal of Sberbank.
If the depositor (legal heir) does not live in the city in which he kept the deposit on June 20, 1991, what should be done?
Write an application for the transfer of a deposit at the bank office at the place of residence of the depositor, representative, heir. You will also need a passbook and an agreement, if you made one, to transfer the entire deposit and close the account. The money is transferred taking into account all interest and denomination dated January 01, 1998. The transfer is paid.
I am a parent/adoptive parent of a minor. What documents do I need to show at the bank in order to open an account for a child?
To open an account in the name of a child (provided that he is a citizen of the Russian Federation), you need to provide the bank with:
Certificate of registration with the tax authority of the parent or adoptive parent and minor - if available;
If the parent or adoptive parent is a foreigner or stateless person, a migration card and, if applicable, a permit to stay/reside in Russia will be required.
What documents do a parent or adoptive parent need to receive money from the account of a child under 14 and make debit transactions on the account?
For transactions on a child’s account, a parent or adoptive parent needs:
Your passport or other identification document;
Child's birth certificate or a notarized copy;
If the parent or adoptive parent is a foreigner or stateless person, a migration card and, if applicable, a permit to stay/reside in Russia will be required;
Prior written permission from the guardianship and guardianship authority to receive funds or make debit transactions.
I am the guardian/custodian of a minor. What documents do I need to show at the bank in order to open an account for a child?
To open an account in the name of a minor, a guardian or custodian needs:
Your passport or other identification document;
Birth certificate (for a child under 14 years old), or passport (for a minor aged 14 to 18 years), or their notarized copies;
Document of the body of guardianship and guardianship on the appointment of a guardian or curator;
Certificate of registration with the tax authority of the legal representative and the child (if any);
If the guardian/custodian is a foreigner or a stateless person, a migration card and, if applicable, a permit to stay/reside in Russia will be required.
What documents does a guardian need to receive money from a child's account or make debit transactions?
For transactions on the child's account, the guardian must provide:
Your passport or other identification document;
Document of the body of guardianship and guardianship on the appointment of a guardian;
If the guardian is a foreigner or a stateless person, a migration card and, if applicable, a permit to stay/reside in Russia will be required;
Prior written permission from the guardianship and guardianship authority to receive money from the account.
I represent an educational/medical/social organization that has a minor under its supervision. What documents do you need to show at the bank to open an account for a child?
If the legal representative of the child is an organization, in order to open an account, the manager or trusted employee needs:
Power of attorney - for an authorized employee of the organization, issued on behalf of the organization by its head;
The charter or regulation of the organization, or their notarized copies, an extract from the Unified State Register of Legal Entities (EGRLE).
What documents are needed by an organization (educational, medical, social) under whose supervision a minor under 14 years old is in order to receive funds from the child's account and make debit transactions on an account (other than the nominal one)?
If the depositor in the account is a child (a minor under 14 years of age), and his legal representative is an organization represented by a manager or an employee authorized by proxy, then in order to make debit transactions on an account opened in the name of a child, the following documents must be submitted to the bank:
Passport or other identity document;
Order on appointment to the position of the head of the organization or its notarized copy;
For an authorized employee of the organization - a power of attorney issued on behalf of the organization by its head;
Birth certificate of the child or its notarized copy;
A document of the guardianship and guardianship body on the placement of a minor under supervision in an organization;
Constituent documents (charter or regulation) of the organization or their notarized copies, extract from the Unified State Register of Legal Entities (EGRLE);
Prior written permission from the guardianship and guardianship authority to receive money or make debit transactions.
Who can request a bank account/deposit statement for a minor under 14 years of age?
An account statement is issued free of charge to the legal representative of a minor - a parent, foster parent, guardian or organization under whose supervision the minor is placed. The legal representative may be an individual (guardian/custodian) appointed by the guardianship and guardianship authority or a legal entity - an educational/medical/providing social service organization under whose supervision the minor is placed.
At what age can a minor open a bank account/deposit on their own?
A minor from the age of 14 can independently open a bank account.
Who can open a bank deposit in the name of a minor?
In the name of a minor, a deposit can be opened by the following persons:
Legal representative: parent, foster parent, guardian, custodian;
Contributor (third person) upon presentation of their passport or identity document, as well as a birth certificate or passport of a minor, or their notarized copies.
Who can open a bank account in the name of a minor?
In the name of a minor, an account can be opened by the following persons:
By minors themselves from the age of 14 upon presentation of a passport;
Legal representative: parent, foster parent, guardian.
Does the bank issue a savings book when opening a deposit in the name of a minor?
The savings book is issued at the request of the minor from the age of 14 or the person opening the deposit.
How to manage money on the account of a minor from 14 to 18 years old, including on an account/deposit opened by him/herself?
Debit transactions on the account of a minor from 14 to 18 years old are made by the owner of the account or on the basis of a power of attorney issued by the depositor at the bank or at the notary. To issue a power of attorney, you need the written consent of the legal representative and the prior written permission of the guardianship and guardianship authority.
For a minor from 14 to 18 years of age, the permission of the guardianship and guardianship authority and the consent of the legal representative are not required to dispose of the amounts of earnings, scholarships, unemployment benefits, funds in the form of material support, prizes awarded for winning competitions, competitions and other events, amounts paid in cash by the depositor himself, as well as accrued interest.
The amounts of pensions, benefits (except for unemployment benefits), alimony, inheritance and insurance amounts, including for the loss of a breadwinner, as well as amounts transferred or transferred in cash from third parties, including legal representatives, a minor with 14 to 18 years of age can receive or spend with the written prior permission of the guardianship and guardianship authority, as well as the written consent of one of the parents (guardian).
Can a minor from 14 to 18 years old on his/her account/deposit issue a power of attorney to perform transactions?
A minor can issue a power of attorney to dispose of money on his account both at a bank and at a notary. To issue a power of attorney without fail, you need the written consent of the legal representative and the prior written permission of the guardianship and guardianship authority to issue a power of attorney on the account.
Is it possible for a minor from 14 to 18 years old to open several deposits in his name at once?
A minor from 14 to 18 years of age has the right to have any number of deposits in the bank.
Where can a minor from 14 to 18 years old open an account/deposit?
Accounts can be opened:
At the bank office;
Remotely - at Sberbank Online and ATMs, if the minor has entered into a banking service agreement.
Who can request an account/deposit statement of a minor from 14 to 18 years old in a bank?
An account statement for a minor from 14 to 18 years old can be issued upon application:
The owner of the account (depositor) or his authorized representative;
Legal representative of a minor from 14 to 18 years old: parent, foster parent, guardian.
The deposit statement is issued free of charge.
Where can I get a certificate of the existence of an account opened in the name of a minor, incapacitated, limited in capacity of the depositor, to present it to the embassy?
For information, contact the bank office. Help will be provided on the same day. A fee is charged for the certificate in accordance with the bank's tariffs in force on that day.
Can a minor, legally incompetent citizen, limited in legal capacity, bequeath funds on his account?
No. According to paragraph 2 of Article 1118 of the Civil Code of the Russian Federation, a will can be written by a citizen who at that moment has full legal capacity.
Who has the right to make transactions on the account/deposit of an incapacitated depositor?
According to the account opened in the name of an incompetent citizen, operations are performed by his legal representative - guardian.
What documents must be presented to a legal representative appointed by the guardianship and guardianship authority in order to receive funds from the account of an incompetent ward?
If the bank is contacted by a legal representative (guardian appointed by the guardianship and trusteeship authority) to perform operations on the account of the ward - incapacitated, different from the Nominal account, then the following must be presented to the bank branch:
Identification document of the legal representative - guardian;
Identification document of the depositor (incapacitated) or its notarized copy;
A document of the guardianship and guardianship authority or a court decision on the appointment of a guardian;
Certificate of registration with the tax authority of the legal representative and depositor (if any);
Prior written permission from the guardianship and guardianship authority for debit transactions on the account of the ward.
Who can request an account statement (deposit) of an incapacitated depositor in a bank?
An account statement of an incapacitated depositor may be issued at the request of the legal representative of the incapacitated depositor - the guardian. The deposit statement is issued free of charge.
Who has the right to dispose of funds on an account opened in the name of a citizen with limited legal capacity due to a mental disorder?
Debit transactions on an account (deposit) opened in the name of a person with limited legal capacity due to a mental disorder are carried out by the account holder himself or his authorized representative under a power of attorney issued by the depositor in a bank or a notary. To issue a power of attorney, the written consent of the legal representative and the prior written permission of the guardianship and guardianship authority are required.
For a person with limited legal capacity due to a mental disorder, the permission of the guardianship and guardianship authority and the consent of the trustee are not required to receive from his account the amounts of earnings, scholarships, unemployment benefits, funds in the form of material support, prizes awarded for winning competitions, competitions and other events , amounts paid in cash by the depositor himself, as well as interest on the account.
Account (deposit) pensions, benefits, except for unemployment benefits, alimony, sums insured, including for the loss of a breadwinner, inherited sums, money transferred by third parties, as well as received in cash from third parties, including legal representatives, limited in capacity due to a mental disorder, may receive (make debit transactions) with the written prior permission of the guardianship and guardianship authority, as well as the written consent of the legal representative (trustee).
Who has the right to dispose of funds on an account opened in the name of a depositor who is limited in legal capacity due to gambling, alcohol or drug abuse?
Debit transactions on an account opened in the name of a person limited in legal capacity due to addiction are carried out by the depositor (account holder), his authorized representative on the basis of a power of attorney issued by the depositor at a bank or a notary, or a legal representative (trustee). To issue a power of attorney, the written consent of the legal representative and the prior written permission of the guardianship and guardianship authority are required.
With the consent of the trustee, the depositor manages on his account the amounts of earnings, scholarships, unemployment benefits, funds in the form of material support, bonuses awarded for winning olympiads, competitions and other events, amounts paid in cash by the depositor himself, as well as interest on the account or contribution.
With the written prior permission of the body of guardianship and guardianship, as well as the written consent of the trustee, the contributor disposes of the pension, benefits (except for unemployment benefits), alimony, insurance, including loss of a breadwinner, inheritance payments, money transferred or accepted in the form of cash from third parties, including legal representatives.
The legal representative (trustee) manages the funds on the account of the ward (limited in legal capacity due to addiction) with the written prior permission of the guardianship authority to receive from the account of the ward earnings, pensions, unemployment benefits, money in the form of material assistance, prizes awarded for winning the Olympiads , competitions and other events, including sports, accrued interest on the contribution of a person with limited legal capacity.
Who can request an account statement for a restricted depositor in a bank?
An account statement (deposit) of a limited-capacity depositor can be issued upon application:
Account holder (depositor) - a citizen with limited legal capacity or his authorized representative;
Contributor's trustee.
The deposit statement is issued free of charge.
Where can I get a certificate of an account/deposit opened in the name of a minor/incapacitated/limited depositor to present it to the embassy?
To obtain a certificate, contact the bank's office serving individuals.
Help will be provided on the same day. A fee is charged for the certificate in accordance with the bank's tariffs in force on the day the certificate is issued.
Can a minor, legally incompetent citizen, limited in legal capacity, bequeath funds on his account (deposit)?
No. According to paragraph 2 of Article 1118 of the Civil Code of the Russian Federation, a will can be written by a citizen who at that moment of making it has full legal capacity.
Who can draw up a will / testamentary disposition on a bank deposit or account?
The owner of the deposit or account personally draws up a will / testamentary disposition. The agent cannot do this. To draw up a will / testamentary disposition, the owner of the deposit / account must have full legal capacity.
A testamentary disposition on a nominal account for crediting social benefits (hereinafter referred to as a nominal account) is not issued in a bank. In order to dispose of money in a nominal account in case of death, the beneficiary * of the account must be of age and capable and draw up a will with a notary or other persons authorized to do this notarial act in accordance with the law.
Who cannot draw up a will / testamentary disposition on a deposit / account:
- an adult account holder who has been declared legally incompetent by a court;
- underage account holder;
- the guardian of a minor account holder or the guardian of an adult account holder recognized by the court as legally incompetent (if we are talking about transactions on the account of his ward);
- the guardian of a minor (14–18 years old) or an account holder with limited legal capacity (if we are talking about transactions on the account of the ward);
- an authorized representative of the account holder;
- nominal account holder.
The will / testamentary disposition must be personally signed by the testator. If the testator, due to physical disabilities, serious illness or illiteracy, cannot sign the will with his own hand, it can be signed by another citizen at his request in the presence of a notary (applicant).
Where and how can I draw up a will / testamentary disposition on a deposit / account? How much is it?
The owner of the deposit/account can issue in writing:
- a testamentary disposition at any office of the territorial bank of Sberbank where a deposit / account is opened (free registration);
- testament with a notary or other persons authorized in accordance with the law to perform the specified notarial act (the price is determined by the tariffs of notaries and the Tax Code of the Russian Federation).
An adult capable beneficiary * on a nominal account can draw up a will in writing with a notary or other persons who are authorized to do so by law (the price is determined by notaries' tariffs and the Tax Code of the Russian Federation).
Is it possible to cancel or change a testamentary disposition executed in a bank? How much is it?
Can. The bank does not charge a fee for the cancellation or amendment of a testamentary disposition. If the testator wishes to change or cancel the testamentary disposition, he can apply to any office of the territorial bank of Sberbank where the deposit / account is opened, and submit a personally signed testamentary disposition about this.
The testator can also change or cancel a testamentary disposition by drawing up a will with a notary, which specifically indicates which testamentary disposition or an order to cancel a testamentary disposition will be canceled or changed (the price is determined by notaries' tariffs and the Tax Code of the Russian Federation).
My relative had an account with Sberbank, there were savings books, a deposit or account agreement. What to do in case of death of the account holder or beneficiary* of the nominal account?
If there is a will / testamentary order drawn up before 03/01/2002, contact the bank office and present, depending on the specific case:
- death certificate of the owner of the deposit/account (for testamentary disposition);
- death certificate of the owner of the deposit/account and a notarized will with a notary's mark that the will has not been canceled or changed (for a will);
- certificate of ownership of a share in the common joint property of the spouses, issued to the surviving spouse;
- a notarized agreement on the division of money on a deposit/account;
- decision on reimbursement of expenses for the funeral of the testator;
If the will / testamentary disposition was drawn up after 03/01/2002 or if there are none, contact a notary to open an inheritance file. To do this, contact the notary at the last place of residence of the deceased or at the location of his property, if the testator did not have a place of residence in Russia. The notary will ask the bank for information about the presence of deposits/accounts and testamentary dispositions on them, and then draw up documents confirming the rights to the deposit/account with the money of the deceased. Take these documents to the bank:
In order to receive money from the deposit / account of the deceased, in all cases, you must present a passport or other identification document. The death certificate of the owner of the deposit/account or the beneficiary of the nominal account (except for the cases indicated above), as well as the savings book, is optional.
In what terms is the marital or hereditary share paid, payment for a decent funeral from deposits?
When applying to the territorial bank of Sberbank at the place of deposit - on the day of application, in another territorial bank of Sberbank - up to three business days. Take the following documents with you:
* if additional verification of documents is necessary, the payment period can be extended up to three working days.
It is possible to reimburse the expenses for the funeral of the owner of the deposit/account, the beneficiary* of the nominal account until the expiration of six months from the date of death and until the payment of money to the heir (the surviving spouse according to the certificate of ownership). The amount of compensation is indicated in the notary's resolutions, but cannot exceed 100,000 ₽ or the balance of all deposits/accounts of the testator.
According to wills, deposits/accounts, funeral expenses are paid:
- to a person from a testamentary disposition, which was executed after 03/01/2002, upon presentation of a death certificate of the owner of the deposit/account and an application for payment of money from deposits/accounts for a decent funeral.
- to a person from a notarized will, which was executed after 03/01/2002, upon presentation of the will (with a notary's note that it has not been canceled or changed), a death certificate of the owner of the deposit / account, the beneficiary of the nominal account and an application for the payment of money from deposits/accounts for a decent funeral.
- to the person specified in the notary's decision on reimbursement of expenses for the funeral, upon presentation of this decision and an application for payment of money from deposits / accounts for a decent funeral. Presentation of a death certificate is optional.
For deposits/accounts free from will, funeral expenses are reimbursed:
- to the person specified in the notary's decision on reimbursement of expenses for the funeral of the testator, upon presentation of this decision and an application for payment of money from deposits / accounts for a decent funeral. Presentation of a death certificate is optional.
In all cases, you must also present a passport or other identification document in order to receive a payment for a dignified funeral. An application for payment for a dignified funeral is drawn up at the bank at the time of applying for payment, the application indicates the number of the account / deposit / card for transferring money.
Can a trustee or legal representative of an heir, including a parent or guardian of a minor/incapacitated heir, receive an inheritance?
Yes maybe. In addition to the documents confirming the rights of the heir to receive inherited money, it is necessary to confirm the powers of the trustee using a power of attorney to receive the inheritance payment. The parent needs to show a birth certificate, and the guardian - a document of the guardianship and guardianship authority on his appointment. The payment is made to the account of the minor/incapacitated heir.
Does the accrual of interest on the deposit of a deceased depositor stop?
No. The fact of the depositor's death does not change the procedure for calculating and accruing interest on the deposit.
The payment of a hereditary or matrimonial share for any amount leads to the recalculation of interest on the deposit in accordance with the terms of early termination and violation of the deposit storage conditions. In the future, the bank charges interest on the terms of the deposit.
If the heir does not want to lose interest on the deposit, then he can apply for payment after the expiration of the deposit.
Note. Other issues and features of payments from the deposits/accounts of the deceased owner of the deposit/account or the beneficiary of the nominal account are regulated by the legislation of the Russian Federation. The Bank may request an additional list of documents in accordance with the requirements of the law and banking rules.
* The beneficiary of the nominal account is an individual (minor / incapacitated / partially incapacitated), recipient of social payments: the amount of pensions, alimony, benefits, compensation for harm to health and damage incurred in the event of the death of the breadwinner, as well as other payments for his maintenance in accordance with article 37 of the Civil Code of the Russian Federation.
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