Bank Saint Petersburg presents support measures for participants of foreign economic activity

Bank Saint Petersburg presents a set of banking support measures for corporate clients participating in foreign economic activity in the current economic environment. When dealing with foreign economic activity, the Bank operates in the usual mode, ensuring uninterrupted payments in the interests of customers, while maintaining the receiving and sending mode as much as possible, adjusted for the current situation in the financial markets.

Transactions of legal entities and individual entrepreneurs in rubles, as well as incoming, outgoing and internal transactions with foreign currency (conversion operations, transfers in foreign currency) are carried out normally. The Bank regularly monitors the flow of payments between banks and abroad, offering optimal payment routing.

Today, personal currency controllers online carry out a full range of currency control: they register contracts, check submitted documents for currency control at the appropriate time. Each client of the Bank participating in foreign economic activity is assigned a personal currency controller, which allows for prompt clarification of currency legislation and recommendations on current or new contracts.

In addition, for error-free currency control, Bank Saint Petersburg offers to use the online foreign economic activity service.Alert». It is a unique tool for informing clients about violations of currency legislation, based on forecasting elements for their transactions and the history of documents. Digital service "Foreign economic activity.Alert" is implemented in the online banking for i2b legal entities, it allows you to avoid violations of currency legislation and fines, receive timely tips on the deadline for submitting documents, use the tool for pre-filling out currency control documents before sending them to the bank, and users can also use the functionality of auto-checking documents before sending them to the bank and the "urgency light" and displaying the possible amount a fine. Until the end of March 2022, the Bank's customers can use the "Foreign Economic Activity.Alert" is free.

The Bank also abolished the commission for average daily balances for maintaining an account in a foreign currency. Thus, the commission was canceled for average daily balances over 500 thousand US dollars or 30 thousand euros per month. The Bank has shortened the deadline for signing the FX (Conversion Agreement)/RISDA (General agreement on fixed-term transactions in financial markets) agreements for the convenience of customers during transactions.

This option allows you to make transactions directly with the Bank's dealer by phone, receive up-to-date market information and the best quotes based on the interbank market. The signing of RISDA provides an opportunity at any time to make not only a regular conversion transaction, but also to hedge the business' market risks.

These are not all the tools that Bank Saint Petersburg offers to support Russian exporters and importers. Entrepreneurs can learn more about the opportunities and new conditions of conducting foreign economic activity in the current economic realities and get real help at the special Business Support Center — Foreign Economic Activity 360. Here you can: organize a workplace in a foreign economic activity coworking space, use a meeting room with video communication, meet with partners and discuss market issues at a conference venue. And, of course, entrepreneurs will always be able to receive prompt answers to questions about foreign economic activity and professional advice from employees of Bank Saint Petersburg. Address of VED 360: St. Petersburg, 195 112, Malookhtinsky ave., 64A.