Best banks for business 2024

Ranking of banks for legal entities

Below is a list of the top 17 banking offers for entrepreneurs (sole proprietors or LLCs) in 2024:

The tariffs in the table are basic and depend on the turnover of funds and the number of financial transactions. Meeting certain conditions is also important; Ak Bars and BSPB reduce the cost of RKO (cash management services) to 0 rubles per month for this.

Where is the best place to open a business account for a sole proprietor?

By comparing offers from various banks in the top 50, you can choose the most profitable one for opening a business account:

What requirements do banks set when opening a business account?

Having a settlement account is mandatory for individual entrepreneurs and LLCs; banks impose a number of requirements on legal entities wishing to use this service. It is necessary to collect the following documents:

• client application;
• constituent documents — memorandum of association, articles of association;
• minutes on the election of the company director;
• certificates — of state registration of the LLC and registration with the tax authority;
• extract from the Unified State Register of Legal Entities;
• passport of the head;
• passport of the chief accountant;
• powers of attorney — for the head and chief accountant, if they are not founders;
• card — specimen signatures of the parties and seals.

Additionally, a notarized power of attorney will be required if a third party submits the application on behalf of the legal entity. An individual entrepreneur collects the same package of documents, attaching a tax return to the above list if 3 months have passed since the enterprise was opened. Opening an account takes 1-3 days; the duration of the procedure depends on various factors: whether the applicant has collected all the paperwork, the bank's workload, the correctness of the application, etc.

Signature card — a document signed by the director and chief accountant, with their seal impressions also applied. It is issued at the bank; the parties sign in the presence of an employee, and apply the seals at the same time. It is used to open an account and conduct various financial transactions. The card must contain the following information:

• Full name of the head / entrepreneur;
• position of the person and description of powers;
• specimen signatures made at the bank;
• specimen seals (if any);
• date of compilation.

The bank checks the authenticity of the seals and management signatures by comparing specimens during financial transactions. This protects the interests of both the client and the bank from potential fraud. Account opening is carried out based on an application submitted at a branch of the institution, not online. An entrepreneur can apply to any bank that offers such a service if the terms are suitable. It is permitted to have one settlement account through which the company's working capital cash flow passes.

As soon as the application with documents is accepted and verified, the legal entity will receive its account details — as a physical card or a file via email. The procedure for individual entrepreneurs and LLCs is identical, the only difference is the document package — individual entrepreneurs require a tax extract.