Opening and management of correspondent accounts

JSC Belagroprombank gives the banks-contractors the opportunity to open correspondent vostro accounts and make all types of settlements in Belarussian roubles and in foreign currency.

The main standards for Banks’ cash flow service through correspondent accounts at JSC Belagroprombank  are the following: 

• opening of correspondent accounts during two bank days from the date of submission  of necessary documents;
• debiting the account within the current remainder, taking into consideration receipts during the day;
• the acceptance and performance of payment documents in national currency - «day to day » till 15.30  (Minsk time);
• flexible approach to establishing the operational time for debiting/crediting of cash to/from accounts in foreign currency:
• the control for correspondence of payments to existing legislation of the Republic of Belarus;
• the opportunity to open a deposit account for temporarily surplus funds, including possibility to open “overnight” deposit;
• charging of interest to the credit remainder;
• individual approach to contractors
• several options to accept payments for operations related to correspondent accounts
• total transparency of JSC Belagroprombank reporting. 

To open the account it is necessary to have the following documents (if required – legalized and with attested translation into Russian language): 

• notarized copy of the Bank`s Charter and the Articles of Incorporation ;
• notarized copy of the license to carry out banking activity;
• notarized copy of the license to conduct transactions and to open correspondent accounts in foreign currency;
• notarized copy of state registration;
• notarized Signature Specimen Card with an imprint of seal or an Authorized Signature Book ;
• the application for opening relevant accounts;
• the questionnaire of the client – credit organization;
• for non-resident – copy of the authorization of the National (Central) Bank of the host country to open an account, if such authorization is required in accordance with international agreements.