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Temporary Account

In founding a company, before it was registered with the Commercial Register the founders may open a temporary account with the Bank on behalf of the company to be founded in order to deposit the monetary payments of the founders with the Bank.

After the monetary payments of the founders were deposited at the temporary Account, the Bank issues to the founders a notice addressed to the Commercial Register confirming the amount of equity capital paid up to founding.

Action with the equity capital at the temporary Account is prohibited until the company is registered with the Commercial Register.

After the company is registered with the Commercial Register, the Customer may enter with the Bank into an Agreement on opening and maintenance of an Account. In such case the Customer shall submit to the Bank all the documents necessary for opening of an Account and the Bank shall modify the temporary Account into a permanent Account. If after registration of the company the Customer wishes to close the temporary Account, the Bank pays out the founders’ monetary payments upon written request of the Customer.

If founding of a company is terminated before registration with the Commercial Register, the Bank pays out the equity capital paid into the temporary Account in accordance with the written instructions of the founders of the company.

Temporary Account is not company's current account.

 

Documents necessary for Temporary Account opening