Types of accounts: what is the difference between a deposit account and a current one? Types of bank accounts Bank account for salary transfers
Today, almost every person who receives a bank account has a bank account. wages to the card, opens savings deposits or simply perform non-cash transactions on a daily basis. The owner can be an individual or a legal entity, and the process for issuing a card will be different for each business entity. This article will discuss the question: how can you find out whether a salary card is a current account or a deposit account, and how they can be distinguished.
Today, in the field of banking and lending, three types of bank account are defined:
- current;
- card;
- deposit.
Let's look at each type in more detail.
Current
The most common area of application of a current account is the transfer of salaries to employees and the execution of various payment transactions. It is not used for investments and deposits of money for a long-term period. The main goal of the current one is to serve clients of a certain banking organization, as well as quick access to personal investments.
Many people are faced with the question: do they have a deposit or current card account? This type does not allow interest to be calculated on the balance on the bank card, if this was agreed upon when concluding the opening agreement. But even if this condition was agreed upon, the accrual percentage will be small.
It can be opened not only in ruble equivalent, but also in foreign currency. Using a current account, you can cash out your own funds, transfer them to another and arrange a transfer operation. Typically, a debit card is used for such transactions.
The current account has a subtype - settlement account. It opens when creating various organizations that do not work in the lending sector. In addition, this subtype can be opened by all types of persons to pay for transactions in the course of business activities.
A current account allows you to make various financial transactions
Card
Used to carry out transactions with money, where the means of payment is bank card. In the case when a banking organization agrees with the client on the opening of a card account, it is necessary to find out some information:
- Service price.
- Is there a fee for withdrawing cash from an ATM?
- Features of using the card abroad.
- Are there paid services when using a credit card?
- A card account can be debit or credit.
A debit card is usually used to store your own funds (salaries, interest on deposits, social benefits and other compensation). You can use it to pay for a purchase in a store, order goods online, pay cellular communication, utility bills.
The available amount in the debit account cannot be exceeded upon purchase. For example, if the purchase amount is 10 thousand rubles, and there are only 9 thousand rubles on the card, then the operation will not be performed.
A credit card is a type consumer loan, where the possibility of exceeding the limit of available funds is provided. If the client replenishes on time credit card for the amount that was taken, then after a certain period of time the monetary limit increases.
Credit cards have recently become a popular tool for making purchases in Russia. It is easy to use, but the client pays a certain percentage for comfort when making purchases.
Sometimes banks intentionally attach a card account to a current account so that if something happens, the client can use it.
The card can be used at any time. Its advantage is that in the process of making purchases you do not need to go to a banking organization and waste personal time, but you can simply go to an ATM and complete all operations in a couple of minutes. It is worth noting that it is better to use a checking account to send money as there are no fees.
Deposit
It is a savings account that is opened in order to increase your own cash through a contribution. The banking organization is responsible for calculating interest on funds invested by the client, and also has the right to dispose of the invested money for the entire period of the deposit. He is the most the easy way receiving passive income, where the contribution increases income with a minimum of force majeure situations. True, the accrued interest is small.
Each bank develops individual conditions and proposals for deposits, but still one working scheme can be traced - a ban on deposit account for a client for a certain period of time. It is during this time interval that the interest stipulated in the agreement is calculated.
The deposit account differs in the accrual of interest on the funds on the card
Features of a passbook
Nowadays, not many people can boast of having a savings book, since this is an echo of the past and storing money with the help of others banking instruments much easier and safer. It stores information about the client, the banking organization that issued the passbook, the amount of available funds, accrued interest, type, etc.
But if there is one, then how to determine whether the savings book account is deposit or current? The answer is simple: a passbook is a document that is tied to bank account, just like a bank card. It can be linked to a deposit (savings) or a current (debit) account. Therefore, to determine its status, you need to contact the bank with your passport.
It is worth noting that modern banks are trying to move away from using these documents due to the high likelihood of fraud and “dark” accounting.
Recently in Russian Federation A law was adopted that bans the issuance of passbooks from June 1, 2018.
Difference between deposit and current account
The main difference between a deposit account and a current account is that you can withdraw money from the latter at any time. The current one allows you to pay for any services and goods in a store or online. It does not involve the accrual of interest on the amount on the card, or it is very small.
Deposit represents sum of money the client, which is in the use of the bank for the period of time specified in the contract, with the subsequent accrual of interest. The client does not have the right to withdraw and dispose of invested funds for the duration of the deposit.
The deposit account cannot be used to pay for purchases or purchase goods, since it is used for other purposes. This rule allows a banking organization to use the client’s invested money to achieve personal goals.
Based on the above facts, we can identify several main distinctive qualities of deposit and current accounts:
- conditions for storing money;
- amount of accrued interest;
- cost of service.
In some cases, it can be difficult to immediately determine which account a client has. Often open deposit prohibits advance withdrawal of money before the agreed date. Therefore, in order to retain customers, banks offer deposits with higher interest rates.
The distinguishing factors of a deposit account are:
- the interest rate that is charged for the bank using the invested money;
- time for which the account is opened;
- insurance. If the bank goes bankrupt, the client will receive the full amount of money invested (the amount cannot be higher than 1.4 million rubles);
- in some cases, the deposit can be replenished.
Closing a deposit occurs in the process of signing two applications for closing a deposit and closing an account. When closing a deposit, money is transferred to the depositor's current account or withdrawn from the cash desk of a banking organization.
Current and deposit accounts have their own characteristics and distinctive features
Goals and purpose
In order to determine which bank account to open, it is worth deciding what it will be used for. If you decide to save money, then it is worth considering the terms of the deposit. If an entrepreneur decides to open his own business, then in this case The best option would be to open a current account. If you need to open an account to receive wages, pay for various goods and services, receive social payments, then you should open the current one.
A bank account is a kind of “piggy bank” where non-cash money of all types of persons is accumulated for use in any field of activity. At making the right choice
accounts, citizens have the opportunity to make non-cash transactions and earn money on deposits.
In conclusion, it is worth saying that this article addressed the question: “How to find out which salary card account: deposit or current?” What are their features and differences? The main difference between these accounts is that one account is designed to increase funds through accrued interest, and the other is used for everyday life (purchase, payment). While not all people open a deposit account, today almost every working person or student has a current account.
This innovation is convenient, practical, safe and effective. Opening accounts is useful for banks, as it improves stability, and for individuals and legal entities, because... gives you more opportunities to manage your own money. Banking products are sold to clients by opening current accounts in credit financial organization
. A Sberbank plastic card has its own account type, since each payment instrument is assigned a specific combination. It is necessary for an individual to know and identify the details in order to transfer and receive funds.
Types of Sberbank card accounts and their features A plastic card is a payment instrument that is attached to specific. Depending on the selected product, the client is assigned front number, having a certain set of numbers. With its help, various expenditure and income transactions are carried out. Also, in order to fill out an income tax return, taxpayers need to know what type of account they have and in what currency.
Current account
Used to carry out a limited list of banking operations. Available to all citizens of the Russian Federation who have reached the age of majority. The current account is intended for interaction with government non-profit organizations in terms of:
- salary transfers;
- payments social benefits(pensions, children's, alimony);
- payments of insurance accruals.
Users of a current account, in addition to operations to credit funds to it, can use the details to pay for purchases, withdraw money, and make transfers.
The advantages of this banking product are that:
- If it is necessary to carry out a non-cash transaction, the client can always transfer the required amount to a linked card and make an online payment.
- Account replenishment is carried out through an operator or a cash order.
- You can open a current account in any currency.
- There is no service charge.
The disadvantages include the lack of accruals on the balance money supply.
Checking account
A banking product is selected by individual entrepreneurs and organizations to carry out simple non-cash transactions for:
- transfer of income from the profit earned by the company;
- settlements with suppliers and partners;
- purchasing loans from a bank;
- payment of payments, expense receipts.
Deposit account
Designed for storing and increasing cash in a bank. Between the client and financial institution A bilateral contract for the provision of services is concluded. In a specific field, the conditions, interest, terms and name of the account are written. By choosing a deposit, the client becomes a participant passive income with little investment risk. Depends on the investment period interest rate, the longer the money stays in Sberbank, the higher the interest rate will be.
All deposit offers can be divided into two types of deposits:
- fixed-term – opens for a period of 1 year with the condition of complete closure upon expiration of the contract;
- on demand - opens for a long period, which does not have to be agreed upon in advance, has a small interest rate.
Unlike the first type, in the second case the investor has the right to terminate the agreement at any time. Deposit accounts do not bring big profits. They are created for the purpose of preserving savings belonging to individuals.
Card account
This banking product does not work independently, only in conjunction with a debit or credit card. The card number is not an account for transfer. Required details can be obtained by going to the “Information” section in your personal account, having previously selected the desired product.
The owner of the plastic card has the right to carry out expense transactions via the Internet. Don't forget about the paid card service. Credit card holders are doomed to pay interest if they do not manage to replenish the balance during the grace period.
Deposit account and current account: what is the difference?
Sberbank offers its clients a choice of two types of accounts. The deposit one will help preserve and increase the savings of citizens, and the current one involves the implementation of instant non-cash transfers and expense transactions. The first is characterized by the accrual of interest upon expiration of the contract, while the second provides quick access to the investor’s money.
For each type of banking product, a financial organization develops specific programs for interaction with clients. So, when opening a current account, the bank undertakes:
- perform money orders during the day;
- provide unimpeded access to the account to the owner who intends to top up the balance;
- control expenditure transactions.
The deposit account restricts the depositor's access to own funds according to the terms of the contract.
Sberbank salary card: account type
The widespread use of a banking product does not imply the establishment of strict requirements for the client. Since the participants salary projects receive monthly payments to the card, and then use the payment instrument to make various non-cash transactions, then it is advisable to link the plastic to the current account. This is a 20-digit number starting with 40817.
Each client is assigned a specific personal account. You can link several cards to it. If the payment instrument is lost, the funds will remain untouched, since they are physically in the bank account.
In case of dismissal, the employee has the right to continue to use banking product, but will independently pay for the service of using the salary card. If necessary, after contacting any branch of Sberbank, the office manager will close the personal account, destroy the plastic and pay out or transfer unused personal funds.
Conclusion
Sberbank clients need to know what the card account is called in order to understand its purpose. By default, everyone is assigned the current product. If the purpose of a citizen’s application is to save savings, then a deposit account is opened. Legal entities, unlike individuals, are assigned a current personal account to carry out expense transactions. In modern reality, a plastic card acts only as an intermediary between the bank and the user.
opening and servicing a bank account “SALARY”
Operations by this species bank account are made on the basis of the current Federal Laws, the Civil Code of the Russian Federation, the currency legislation of the Russian Federation, regulatory documents Central Bank RF, Chart of Accounts accounting, internal regulatory documents of JSC Kuznetskbusinessbank.
1. Funds raised through this agreement insured in accordance with current legislation for the totality of deposits and account balances of individuals in the amount of 1,400,000 rubles (Bank number in the register of banks participating in the deposit insurance system 224).
2. In pursuance of the Federal Law “On Insurance of Deposits in Banks of the Russian Federation” No. 177-FZ dated 12/23/2003, when opening a deposit, the client must provide in writing the address for postal notifications, if it is different from the registered address at the place of residence.
3. The client is obliged to promptly provide information about changes in the information provided at the conclusion of the contract (last name, first name, patronymic, registration address, postal address, type and details of the identity document) in order to avoid possible negative consequences failure to take such actions in the event of an insured event(in particular, increasing the time for consideration of a depositor’s claim for payment of compensation for deposits, refusal to pay insurance compensation if it is impossible to identify the depositor's identity with the DIA).
4. An account is opened in accordance with the legislation of the Russian Federation in the personal presence of the client or his representative:
4.1. citizens of the Russian Federation, on the basis of an identity document.
4.2. foreign citizens and stateless persons on the basis of an identity document, a migration card.
4.3. representative on the basis of the document specified in subclause 4.1. or subclause 4.2. and a document confirming the authority of the representative.
5. Funds under the “Salary” bank account agreement are accepted in rubles of the Russian Federation by non-cash transfer of funds from organizations under the Agreement with the bank and loans issued by Kuznetskbusinessbank JSC without restrictions. Cash deposits are allowed only through self-service devices that have a cash deposit function.
6. In the event of a change in the surname, first name, patronymic, other data of the identity document, as well as the address for postal notifications, immediately notify the BANK with a written application, the submission of which is carried out only upon personal appearance.
7. To carry out transactions on a bank account, the bank provides the client with a payment bank card for use, which is used as a means of payment when paying for goods and services; when issuing cash through cash terminals and ATMs, as well as as a client identifier in a self-service device with a cash deposit function.
8. Expense transactions using a bank card are carried out within the limits established by the bank. Issuance of funds from a current account, in excess of the limit, established by the bank on a payment bank card, is carried out no later than two business days following the day the bank receives an application to receive funds in excess of the established limit.
9. Non-cash transfers of funds to the accounts of individuals are carried out by a settlement document drawn up and certified in accordance with current legislation, based on the submitted application of the CLIENT, in the form established by the Bank.
10. Operations not related to business activities are carried out on the account.
11. In case of loss or technical malfunction of the card, a new bank card is issued or the balance of funds recorded on the lost/faulty card is issued no earlier than seven days from the date the client submits the application.
12. The Bank does not accrue interest on funds held in the CLIENT’s account.
13. In case of failure to comply with clause 2. of these conditions, information to be brought to the attention of the depositor in accordance with Federal Law dated December 23, 2003 No. 177-FZ “On insurance of deposits in banks of the Russian Federation” is sent according to the available details at the Bank and is considered duly delivered.
14. The bank has the right to refuse to make settlement and cash transactions, including using a plastic card, with its inclusion in the “black list” when the funds in the account are seized or operations on the account are suspended in cases provided for by law.
15. The card is added to the “Black List” on the day the relevant documents are received by the Bank.
16. The “SALARY” bank account agreement on the part of the Bank is signed by authorized persons of the Department of Public Deposits under a power of attorney issued by the Chairman of the Board of the Bank.
17. The use of electronic means of payment is regulated by a separate Procedure for the use of electronic means of payment, which is an integral part of the Bank Account Agreement.
18. The Bank's services are paid for by the CLIENT in accordance with the tariffs in effect at the BANK. The bank changes the terms and conditions of the bank account; Procedure for using electronic means of payment ; Tariffs for services provided by JSC Kuznetskbusinessbank; interest rates unilaterally and bring to the attention of Clients by prior notification through information boards in the Bank building and/or the Bank’s website at least 3 business days before they come into force.
This article will discuss the types of bank accounts, their features and main differences.
A bank account is necessary for almost every modern person, because it allows you to receive payments, save funds and manage them in a non-cash form.
The account holder can be an individual or legal entity. Depending on the purpose of use, bank accounts come in several types.
In this article we will look at what a current, current and deposit account is and how they differ.
Types of bank accounts
Current
A card account allows you to:
- cash out your own through an ATM (pension, salary card) or credit funds, bypassing queues at banks, at the post office;
- , cash-in banknote acceptor;
- manage money and control expenses remotely (for example, through Sberbank online).
The owner of the current account can:
- entrust regular payments to bank employees;
- convert money into dollars/euros without withdrawing them.
Each account is assigned individual number.
Before entrusting money to the appropriate institution, clients are interested in what types of Sberbank card accounts there are. For the convenience of managing their money, the bank offers users to create different accounts. There are several signs that allow us to classify them into one category or another.
Current account
The current one is available to any citizen over 18 years of age ( individual), state, non-profit organization. It is opened for individual needs not related to making a profit. Used to carry out certain banking operations:
- payment of wages and pensions;
- payment of insurance and social charges (alimony, benefits);
- purchasing a card linked to an account, and, therefore, the ability to pay for purchases;
- cash withdrawal;
- sending money transfers.
The convenience of a current account is that the bank client has quick access to his funds. Organizations use it as storage that is always available. They are used when making calculations large sums, for example, when buying real estate, a car. There is no provision for accrual of interest on the balance of the money supply. Replenishment is made through orders or the Sberbank cash desk. Opens in rubles or, if necessary, in another currency. There is no charge for its use.
Each type of bank account is designed for a specific purpose
Deposit account
Serves to temporarily save money. An agreement is concluded between the client and the bank, which states the name of the account, for what period of time the funds are credited, and at what percentage. The institution undertakes to return the deposited money and pay the agreed interest upon expiration of the specified period. A deposit is a type of passive income, an investment with little risk. The interest rate increases as the deposit period increases.
The deposit is divided into:
- Urgent. When a deposit is opened for a long time (from 1 year). The client can withdraw the savings only after this time.
- Poste restante. In this case, the time for which the deposit is opened is not defined. The depositor can withdraw his savings at any agreed time. Therefore, the interest rate is assumed to be low.
Deposit deposits do not bring large profits, but they allow you to survive inflation without significant losses. If necessary, the client can withdraw his money before the end of the contract, but in this case he will lose part of the interest or pay a fine.
Checking account
Opened by an organization or individual entrepreneur for calculations non-cash. Intended for:
- transfer of income from the company’s sale of goods, performance of work;
- settlements with suppliers;
- purchasing a loan from a bank;
- payment of payments.
Funds are deposited in cash and non-cash form.
Card account
A card type of account is when a bank client can withdraw his funds without contacting an operator. He is already tied to valid card– debit or credit. The number on the card does not match the account number. Its owner can pay for purchases via the Internet, pay public utilities, make transfers.
Sberbank salary card account
Each employee receiving a salary is provided with his account details. The card has a 16-digit number, which is visible on the front side, and is used to work with funds through bank terminals, mobile bank, online. Finding out what type of salary card account is not difficult. Personal (current) – the account to which the salary card is “linked”.
Settlement - opens legal entity. If necessary, it can be opened to an employee who needs to spend company funds, for example, on car maintenance or advertising.
TO personal account Multiple cards can be attached.
If it is lost or becomes unusable, another one is issued, the personal account remains the same, and the funds are safe.
When you quit your job, you no longer need the card and can close it. To do this, you need to come to any branch of Sberbank and write a statement about closure. The card is destroyed, the remaining financial resources are withdrawn or transferred to another account.
A deposit account allows you to receive passive income
Difference between current and deposit account
The difference is evident in the tasks they perform. The presence of the first allows you to transfer and quickly withdraw funds. But owning this account does not bring profit. The second is not intended for purchases and payments; it allows you to save money for a certain period with interest accrual. The depositor does not have quick access to his money.
Regulates issues of opening and servicing accounts Civil Code RF. It legally stipulates the cooperation of a financial institution and its client when opening a business, and an agreement must be concluded.
Following the opening of a current account, the financial institution has obligations to the depositor for the smooth execution of settlement transactions.
The subject, having opened an account in his name, has the right to deposit funds in it in any amount and control expenses. The bank executes payment orders within 24 hours. This is an indispensable element of the work process; without it, business activity is impossible (capitalization of proceeds, settlements with third parties). Upon registration deposit the client entrusts the bank with a set amount. The difference between a current account and a deposit account is that in the first case, funds financial institution
can dispose of it in its own way, and in the second, the deposit is transferred or withdrawn after the end of the time established by the contract and the fulfillment of special conditions.
Features of deposit programs
- The interaction between the organization and the investor is based on the following principles:
- the client pays the amount specified in the contract;
- during the term of the contract, the financial institution uses finances for its own purposes, for this opportunity to use the money, the bank charges interest to the depositor;
upon expiration of the deposit, the client is returned the entire amount invested plus accrued interest. Sberbank has long established itself as a reliable organization. Therefore, many investors choose it to open deposit or current accounts.
- At this time, the bank offers several programs for saving deposits:"Save"
- – 9% per annum. Replenishment of funds is not expected, but it is possible to close it early."Save your pension"
- – intended for pensioners."Replenish"
– 8% per annum, replenishment of funds is provided. Other deposits, such as “Multi-currency”, “International”, “Manage”, allow partial withdrawal
funds. Transactions on deposit accounts are usually displayed in a savings book, which also contains information about the depositor, financial organization, deposit (amount, interest, period), movement of the money supply. But in The issuance of passbooks has decreased significantly. They were replaced by Maestro cards. But many, mostly people of retirement age, continue to use books because it makes it easier for them to understand the process of working with money. They perceive the book as genuine evidence of the presence of their funds in the bank. Young people, on the contrary, mainly use plastic cards. It is not difficult for them to answer the questions: “What is a Sberbank card? Is this a current or deposit account? The savings book seems to them a relic of the past.
Card accounts can be debit or credit
Debit and credit cards
To facilitate the process of withdrawing money from the account, a a plastic card. Debit allows you to withdraw wages or other income transferred by the employer. You can also use this card to make cashless payments for purchases. Withdrawal is only possible for the amount fixed on the card, unless you activate the overdraft service.
A credit card is the key to an account, provided by the bank with the opportunity to use borrowed money within the proposed limit. The borrower signs the agreement once and uses the funds again and again as the principal debt is repaid. Credit cards are very popular abroad, and recently in Russia. They will help out when needed urgent money
, but their disadvantage is a high interest rate. A plastic bank card allows the client to carry out the following monetary transactions
- without standing in long queues:
- cash out funds through a bank terminal;
- replenish accounts;
- convert currency;
- pay utilities;
- make payments for purchases;
control expenses through online banking.
Each account is assigned an individual number that does not match the card number. There is a fee for card service. A card is a means of accessing an account containing funds. If it is no longer needed, the account is closed. To do this, you need to contact the bank and write an application. Thus, understanding the types of accounts is not difficult. And the differences between current and deposit are completely obvious. Not everyone has a deposit account, but the current one is used everywhere, especially the one attached to it plastic card
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