Foreign individuals sometimes require bank accounts in Belarusian banks, for example, to deposit money from the sale of their own property in Belarus or to deposit money from abroad when purchasing property in Belarus. Recently, cases of opening savings accounts by foreign citizens in Belarus have become more frequent. To open such accounts, you most often need the help of an experienced lawyer who will help you choose a bank with the most favorable conditions for opening an account and prepare the necessary documents.
What documents are needed to open private account for individual in Belarus?
To open an account, you will need to provide documents to the bank, in particular:
- Identification document with translation into Russian or Belarusian. The authenticity of the translation or the accuracy of the translator’s signature is certified by a notary. Also, a residence permit can be used as an identification document;
- Application in Russian for opening an account. The application will require you to indicate a Belarusian phone number. The bank does not check the ownership of the telephone number indicated by the foreign citizen in the application for opening an account, so you can use the telephone number of an authorized person or representative.
The application will require you to provide the bank with, in particular, the following information:
- last name, first name, patronymic (if available);
- citizenship;
- date and place of birth;
- place of residence and (or) place of stay.
Timeframes for opening a bank account for a foreigner in Belarus
As a rule, we help clients open a bank account in a Belarusian bank within 48 hours. Sometimes, in case of additional verification by the bank, this period may take 96 hours. Usually the decision on bank account opening in the bank depends on compliance department of the bank. Anyway our attorneys help to pass all compliance checks and procedure quite fast and make the whole process of bank account opening very smooth.
Remote private bank account opening in Belarus
If the Client can not come to Belarus for bank account opening procedures in some cases we can open a private bank account for him remotely with the Power of Attorney. To do that (depends on a bank) the Client should:
- issue and legalize a Power of Attorney for one of our lawyers;
- legalize his passport copy.
It is important for us to receive original document before we submit the application to the bank.
How to put money on your bank account in Belarus
When your account is opened you can put money on the account in the following way:
- you can transfer money from your account from abroad/or from another bank account in another bank in Belarus;
- you can of to the bank and deposit cash.
Bank cards in Belarus for foreign citizens
In the Republic of Belarus, you can issue a bank card for an open bank account. Banks usually issue bank cards in Belarusian rubles, euros and US dollars – Visa and Mastercard. As a rule, a bank card is issued within 1-2 business days. In Belarus you can also use Apple Pay with belarussian debit cards (this option available with not all the banks).
Crypto and bank accounts in Belarus (on-ramp and off-ramp)
If you are interested in crypto transactions in Belarus you can use you bank account opened in Belarus for such purposes. We always recommend our Clients to use belarusian crypto exchanges (licensed by the High Tech Park of Belarus) for on-ram and off-ramp transactions. In this case normally Clients don’t face any difficulties from compliance of the bank.
Transferring money from foreign crypto exchanges became very difficult in Belarus. We always advise our Clients to speak with his manager in the bank before making such transactions.
How we can be useful when opening bank accounts for foreign individuals
Our attorneys and lawyers are experienced specialists in the field of interaction with banks, opening bank accounts and speak English. We can:
- Advise you on the preparation of documents required by banks to open an account;
- Prepare a package of documents that a specific bank needs to open an account;
- Help in choosing a bank to open an account with the most attractive conditions for opening and servicing accounts;
- Represent your interests in the bank when opening an account when visiting the bank together with you;
- Collect your debit card from the bank and courier it to you.
Contact us
If you have any questions about opening accounts for individuals in Belarusian banks, we will be happy to help you! Our long-term experience in the field of interaction with banks will help you to open bank account in Belarus quite fast.
Phone and email communication options are available for your convenience:
- +375293664477 (WhatsApp/Telegram/Viber);
- info@ambylegal.by.
