File, Procedures for Opening a Payment Account at the State Bank from July 01, 2024, What Documents are Included?
Sample Application Form for Opening a Payment Account at the State Bank According to Decree 52 Effective from July 1, 2024
On May 5, 2024, the Government of Vietnam issued Decree 52/2024/ND-CP regulating non-cash payments.
In the Appendix issued together with Decree 52/2024/ND-CP, the sample application form for opening a payment account at the State Bank, effective from July 1, 2024, is specified as follows:
Download the sample application form for opening a payment account at the State Bank, effective from July 1, 2024 here.
Documentation and procedures for opening a payment account at the State Bank from July 1, 2024, include what documents?
Documentation and Procedures for Opening a Payment Account at the State Bank from July 1, 2024, Include What Documents?
In Clause 2, Article 14 of Decree 52/2024/ND-CP, the documentation for opening a payment account at the State Bank includes the following materials:
- Application form for opening a payment account along with the registration form of the seal sample and signature sample according to Form No. 01 issued together with Decree 52/2024/ND-CP signed and sealed by the legal representative or authorized representative of the organization opening the payment account.
- Documents proving that the organization opening the payment account is legally established and operating, including the establishment decision, operating license, enterprise registration certificate, cooperative registration certificate, or equivalent documents.
- Documents proving the representative status of the legal representative or authorized representative of the organization opening the payment account and the valid identity card, citizen identification card, electronic identification card, or passport of that person.
- Written appointment decision and valid identity card, citizen identification card, electronic identification card, or passport of the chief accountant or person in charge of accounting, person controlling transaction documents with the State Bank of the organization opening the payment account.
Clause 3, Article 14 of Decree 52/2024/ND-CP stipulates the procedures for opening a payment account:
- When there is a need to open a payment account at the State Bank, the organization requesting to open the payment account submits 1 set of documents for opening a payment account as prescribed in Clause 2, Article 14 of Decree 52/2024/ND-CP to the State Bank (Transaction Office, State Bank branch in the province or city) where the payment account is requested to be opened.
- Upon receiving the application for opening a payment account, the State Bank checks the components of the documents and compares them with the elements declared in the application form for opening a payment account to ensure consistency and accuracy.
In case the application for opening a payment account is incomplete, invalid, or contains discrepancies between the declared elements in the application form for opening a payment account and the related documents in the application, within 1 working day from the receipt of the application for opening a payment account, the State Bank informs the organization requesting to open the account to complete the application.
Within 5 working days from the receipt of the State Bank's written request for supplementation or completion of the application, if the organization requesting to open the account does not submit the supplemented or completed documents, the State Bank will issue a written refusal to open a payment account and return the documents to the organization requesting the account.
- Within 2 working days from receiving the complete and valid application for opening a payment account from the organization, the State Bank must process the opening of the payment account for the organization. In case the State Bank refuses to open a payment account, it must notify the organization of the reason in writing.
Principles for Preparing and Submitting the Application for Opening a Payment Account at the State Bank
Clause 1, Article 14 of Decree 52/2024/ND-CP stipulates the principles for preparing and submitting the application as follows:
- The documents must be prepared in Vietnamese. If documents in the application for opening a payment account are in a foreign language, they must be translated into Vietnamese and notarized or authenticated according to legal regulations.
- Copies of documents in the application for opening, closing a payment account must be certified copies or copies issued from the original registers or copies with the original for comparison according to legal regulations. In case the application is submitted online, follow the regulations on administrative procedures in the electronic environment.
- The documents can be sent by post (postal services) or submitted directly to the One-Stop Department of the State Bank where the organization requests to open the payment account or online at the State Bank's public service portal or the National Public Service Portal.
- The organization requesting to open, close a payment account is fully responsible before the law for the accuracy and truthfulness of the information provided.
Decree 52/2024/ND-CP is effective from July 1, 2024.
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