How to make a deposit in favor of a third party - a step-by-step description, features and recommendations

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

In the article, we will consider how to make a deposit in favor of third parties. What does this concept mean?

Deposit is money placed in a bank for the purpose of obtaining further benefits in the form of interest that is accrued on the amount of the investment. What does it mean to open a deposit in favor of a third party? So it is customary to call a deposit placed in a bank, the benefit from which is received not by the depositor himself, but by the one to whom the account is drawn up in accordance with the concluded agreement. And since the contributor and the beneficiary are different people, there are special conditions for making such a deposit. Let's consider how to replenish such a deposit and whether it is possible to reissue it to another person, what percentage of the return can be obtained. We will also compare the terms of deposits in favor of third parties of two large Russian banks: Sberbank PJSC and VTB PJSC.

How does a deposit open?

According to paragraph 5. Art. 7 of Law No. 115-FZ of August 7, 2001, contribution tothe bank must apply in person. But banks began to interpret this wording a little differently. Some institutions insist on the obligatory presence of the person for whom the deposit is opened. Others willingly enter into an agreement with a visiting citizen in favor of a third person. For example, if citizen A. wanted to open a deposit for citizen B., then A.'s personal presence is mandatory, since citizen B. is not a depositor, just an agreement is concluded in his favor. Under this procedure, according to the civil code, no powers of attorney are required for the actions performed.

When a third party contribution is needed

According to banking terminology, the recipient is the one in whose name the deposit is opened.

A deposit in the name of the Beneficiary may be required in different situations:

• the depositor is away, and his relatives need money;
• at the time of the expiration of the contract, the depositor's passport will be invalid;
• deposit as insurance in case of loss of documents;
• special gift;
• an asset for children, for example, related to education, marriage, buying a home;
• you can use the deposit as a money transfer;
• when buying real estate, this is often used, because. there is no transfer fee;
• for a guaranteed return of the insured amount, because the contribution will be reimbursed to each contributor.

For example, you can make a deposit for relatives or friends to ensure safety if an insured event suddenly occurs. Suppose the total depositis 2,800,000 rubles, upon the occurrence of an insured event, the recipient will be paid only 1/2 of the amount, since there is a maximum limit on payments, which is 1,400,000 rubles. And if you arrange part of the amount for yourself, and the other for your loved one, then you will receive a refund for the entire amount of the deposit.

Deposit processing

To open a deposit in favor of third parties, banking institutions set different conditions for depositors. Some banks allow you to make a choice for a deposit from any current deposit offer. Some banks are limited to one or two programs. The list of documents required for the conclusion of the contract is also different for everyone. According to the law, a bank employee does not need additional documents to make a deposit for a third party; it is enough for him to clarify the surname, name and patronymic of the beneficiary. There are cases when a banking institution requested a photocopy of a child's birth certificate or his passport to make a deposit on him. This seemingly inconvenience will protect you from possible errors in writing personal data or in the form of issuing funds to namesakes.

Agreement

Concluding a deposit agreement in favor of a third party follows the usual procedure:

• The depositor goes to the bank branch, where he was interested in the offer to open a deposit.
• To conclude a contract, he must take with him an expired Russian passport with a valid registration.
• To avoiderrors when concluding a contract, take with you photocopies of the birth certificate or passport of the person for whom you are opening a deposit.
• In the contract, specify the recipient's information. At the time of the conclusion of the contract, you are a depositor, and you deposit money into the account.
• When you sign the contract, deposit money into the account at the cash desk of a banking institution.
• One copy of the signed agreement is handed over to the depositor.

When signing the contract, you should carefully study all the clauses and conditions that the banking institution offers you. It is worth paying attention to the point on the possibility of replenishing this deposit by unauthorized persons, since some banks restrict this action. In this case, in order to replenish the account, the beneficiary's permission will be required. More often than not, banks allow depositors to manage the deposit until the named owner applies for rights to their deposit.

How can I replenish the deposit?

Each bank has established rules for replenishing a deposit account. If the contract does not stipulate special comments, then any person can replenish the account, whether it is the depositor himself, the recipient, or an outsider in general. To do this, you must contact the nearest branch of the bank where the agreement was concluded, present documents indicating the full name of the recipient and the correct account, and then deposit money through the cash desk of a banking institution.

Online

Many banks, in order to save the depositor's time, offer to use the services of an online bank orATM. You should take into account the currency of the open deposit: if it is not rubles, then in this case you will need a power of attorney from a third party. Such a rule is legal and absolutely lawful. If the account is in rubles, the power of attorney is not required.

Which bank approves third party deposits?

In our country, not all banks support making deposits for other citizens. Below is a list of the most popular and stable banks that open deposits to third parties:

• Sberbank PJSC;
• SMP-Bank JSC;
• PJSC VTB-24;
• PJSC Vozrozhdeniye;
• JSC "Absolut Bank";
• CJSC "Bank of Project Financing";
• Rosinterbank;
• PJSC Uralsib.

Do not open such deposits JSC "Raiffeisenbank", CB "Uniastrum Bank".

How to open a deposit in Sberbank PJSC?

To open a deposit in favor of a third party at Sberbank, you must present your valid passport and a copy of the recipient's passport certified by a notary in order to open an account in his favor. The deposit is opened only for one person with the possibility of issuing a power of attorney to manage the deposit free of charge. Such a document can be issued to relatives, it makes it possible to withdraw money from the account. They can replenish it, close it, and also transfer funds to other accounts. The power of attorney is valid for three years. You can issue it at the bank office, the presence of a trustee is not required.

Program selection

The choice of the deposit program depends on the currency in which you open. If you have rubles or dollars, you can use the "Save", "Replenish", "Manage" programs, and if you plan to deposit in euros, then the "Savings Account" with a rate of 0.01% per annum will suit you. If you are a pensioner, then in this bank you will receive the largest interest on deposits "Save" and "Replenish", while the initial amount will be minimal. To complete all procedures, you must contact any branch of PJSC Sberbank.

If the contributor and the recipient are in different cities, the latter must contact the nearest office and write an application for the transfer of funds. Within three days, the recipient will be able to issue the money. If the term of the deposit has expired, and the funds remain in the account, then the terms of the agreement continue to apply to them. You can withdraw money on the day the deposit ends through the Sberbank Online mobile application, simply transfer it to another account. The number of deposits is not limited. In general, deposits in favor of a third party in banks are popular.

Conditions for opening a deposit with PJSC VTB 24

PJSC "VTB 24" is a commercial bank with state participation. Here you can make a deposit for another person only with his consent and with a power of attorney certified by a notary.

There are two ways to make a deposit:

1. Through any nearest branch.
2. Via internet bank or ATM.

After opening a depositin favor of a third party at VTB, you receive an agreement upon presentation of a passport. If you contacted the office, then you need to provide the following personal data about the citizen:

• Surname, name, patronymic of a third person.
• Proof of his citizenship.
• Place and date of birth.
• Identity card details.
• Registration address.
• TIN.
• Contact number.
• Immigration card details if the recipient is a foreign citizen.

Today, the banking institution does not open deposits for minor children.

The banking institution offers several deposit programs, with different interest rates and conditions. You can replenish your account either through the bank's cash desk or online. All bank deposits are insured. In the case of insurance compensation, depositors receive the entire amount, but not exceeding 1,400,000 rubles.

PJSC "VTB 24" allows you to replenish your account in any currency. There are no restrictions on opening multiple bank deposits.

What is important for a depositor to know

How to make a deposit in favor of a third party, it is important to find out in advance. In this case, it is necessary to take into account the rules of a banking institution. The depositor has rights to the account until the recipient has applied for payments. Unless, of course, other conditions are specified in the signed contract.

If a banking institution is closed, the funds are paid to the recipient, and if it is a child under 18, then to its official representative.

Pleaseattention when concluding an agreement on the possibility of receiving payments in another branch of the bank. Some credit institutions issue money only at the office where the contract was concluded.

Each bank has its own offers on deposit terms. On average, it ranges from a week to 5 years. You should carefully study the conditions for the expiration of the deposit. There are banks that prolong the contract on the same terms, and some institutions set the lowest interest rate. If the account is opened in the name of a child, the condition for withdrawing funds may be age, for example, upon reaching 18 years.

It is enough just to have a passport with you to receive a contribution in favor of third parties. Ensuring the return of the deposit is guaranteed.

The choice of a banking institution for opening a deposit should be taken with great responsibility, having previously assessed all the risks and conditions in order not to lose your savings.

The article discussed the features of a contribution in favor of third parties.