Settlement and Cash Services in the Foreign Currency

Settlement and Cash Services in the Foreign Currency

Garant-Invest Commercial Bank (JSC) offers the following services to its clients:

  • opening and management of current accounts;

  • carry out wire transactions under the current legislation;

  • carry out cash transactions.

List of documents required to submit for opening of the current account in the Russian Federation currency and the foreign currency with Garant-Invest Commercial Bank (JSC):

  • Personal Identity Document of the Client (Client’s representative).*

  • Migration Card for individuals: foreign citizens or stateless persons. **

  • Documents certifying the right to stay in the Russian Federation (permanent residence card, temporary residence permit, visa, other document certifying the right to stay (to live) in the Russian Federation** for individuals: foreign citizens or stateless persons.

  • Certificate of Registration with the Tax Authority (if available).

  • Insurance Individual Account Number (SNILS) of the insured with the system of statutory pension insurance (if available).

The authorized representative must additionally submit:

  • Power of Attorney issued and certified in accordance with the current legislation of the Russian Federation.

* The documents issued in the foreign language must be accompanied with the notarised translation into the Russian language (excluding personal identity documents of the individuals issued by the competent authorities of the foreign states, issued in several languages including the Russian language).

The requirement to submit the documents with duly certified translation into the Russian language to the Bank does not include personal identity documents issued by the competent authorities of the foreign states provided that the individual possesses the document certifying its legal right to stay within the territory of the Russian Federation (for example, entrance visa, migration card).

** Does not need to be submitted if issue of the indicated documents is not required under the current legislation.