Do small companies have to apply for bank basic account?

Bank basic account is mainly used for daily transfer settlement and cash receipt and payment. Is it necessary for a small company to open a basic deposit account in a bank?

Do small-scale companies have to run basic households?

Small-scale companies must deal with basic families.

Basic deposit account is the main account for transfer settlement and cash receipt and payment, and the fund receipt and payment of daily business activities and the withdrawal of wages, bonuses and cash can be handled through this account. A depositor can only open a basic deposit account in a bank. Opening a basic deposit account is a prerequisite for opening other bank settlement accounts. According to the Regulations on the Administration of RMB Bank Settlement Accounts, an organization can only choose one bank to apply for opening a basic deposit account.

Do branches open basic deposit account or ordinary accounts?

Branches do not need to open basic deposit account, but they can open temporary accounts or general accounts for daily accounting transactions. The procedures for registering a branch and opening a new company are basically the same. It would be much easier if it were an office. Without these procedures, it will be directly managed by the head office and the relevant tax accounts will be handled by the head office.

A branch refers to a branch under the jurisdiction of the company in terms of business, funds and personnel. Not qualified as a legal person. Is a branch under the jurisdiction of the parent company, refers to the company set up outside its domicile to engage in activities in its own name. The branch company does not have the qualification of enterprise legal person, and its civil liability shall be borne by the parent company. Although there is the word company, it is not a real company and has no articles of association. The company name can only add the word "branch" after the name of the head office.

What information does a new company need to provide when it opens in basic deposit account?

General requirements include: original business license, official seal, financial seal, private seal, corporate shareholder ID card and online banking administrator ID card; A copy of the lease contract.

To open an account, you must fill in the company details and some forms. At present, the paper account opening license and the approval process of the People's Bank of China have been cancelled, and there is an account number on the day of opening an account, so you can receive and pay normally.