How to open a deposit in favor of a third party
How to open a deposit in favor of a third party
The deposit is the money received fromof an individual by a credit institution for storage at a fixed interest for a period of 1 month or more. The main difference between the deposit in favor of a third party from other deposits: while the third person for whom the deposit is opened has not used its rights as a depositor in a personal appeal to the bank, the client who opened the deposit and signed the contract has the right to also perform all operations provided for by the contribution.
- It is necessary to choose a credit institution (bank) that accepts deposits in favor of a third party.
- Go to the credit organization's office in person with your passport.
- Determine the contribution that is convenient for the parameters: the interest rate, the period, the initial amount, is it possible to partially withdraw, replenish.
- Make a deposit with a specialist.
When choosing a credit institution, it is worthwhileattention that when you make a deposit in favor of a third person, you may only need the name of a third person, in other credit organizations may additionally require passport data or a copy of a third party passport.
Contribution to the benefit of a third person is possible to open to their minor child, in which case a birth certificate of the child may be required.
The third person who is being openedcontribution, may not know about it. It is convenient to open such a deposit if the client who opened the deposit and the third person are in different cities and there is no other more secure ability to transfer money.
