How to find out the organization’s current account by TIN: step-by-step instructions, features and recommendations

Every modern person who constantly or periodically applies to banking institutions for financial transactions must have a current account. It can be an individual or a legal entity. What is the advantage and necessity of this account? If you are a regular customer of the bank, then having a current account greatly simplifies and speeds up the customer service process. If we talk about legal entities, then for registration in the tax it is required to open a bank account. For an ordinary person, this is not necessary, but if you make financial transactions in a bank, then it is advisable to make sure that you have a current account.

What is a checking account?

The current account is a number that is assigned to a bank customer, it is unique. If there is such an account with a bank, the client can conduct operations at the cash desk or terminal using a card for settlement or cash. Client identification happens almost instantly. At the same time, the time to carry out any operations in the bank is reduced.

When opening a current account, the bank often sets the main condition, which is that the funds received in the account are not a fee for a service or product, that is, have no commercial nature. These are the client’s own funds that can be used by him in accordance with the terms of the contract.

The need for a current account

For salaries, scholarships, pensions and social benefits, a current account is required. A bank client may have several current accounts if it cooperates with the same financial institution, for example, to receive salaries and pensions. To do this, you need to have two completely different settlement accounts, which are used for their intended purpose. To accumulate funds in the bank, you can also open a bank account and use your funds under the conditions that are prescribed in the contract.

For legal entities

Why can legal entities use their current account? Any type of commercial activity is accompanied by settlements and payments of various nature. This also applies to the payment of wages to employees, various types of remuneration and bonuses, sick leave and vacation pay, as well as payments to the tax service, pension fund, social insurance fund and so on. All these operations are carried out through the bank in which the current account is opened. And also settlements with contractors, making payments on loans. Legal entities carry out many financial transactions that do not require cash settlements, if funds are in the account, then it is much faster and easier to conduct cashless transactions.

A modern person cannot but use the services of a bank, since even individuals pay utility bills, receive payments and wages, open deposits for accumulating money, and so on.

What does a bank account look like?

The current account consists of 20 digits, and this is not just a set. Each of them carries some kind of information that to some extent characterizes the type of account. Here is an example: 40702840100010000456.

The first three digits of the current account indicate what kind of organization it is: state, non-state and so on. If we talk about a specific example, then the number 407 indicates that we are talking about a non-governmental institution.

The next two digits of the account also characterize the type of organization to some extent, in our example 02 stands for “commercial organization”.

The next three digits decode the type of account, or rather, in what currency it is open. In our example, 840 means that the account is open in dollars.

The next digit of the account is in some way a key that is necessary for a financial organization, that is, a bank, for identification.

The next four digits of the account specify the place of its opening, that is, if the bank has several branches, then these numbers will necessarily indicate in which of them the account was opened. If the banking institution does not have a branch, then these numbers look like 0000, as in our example.

The last 7 digits of the account is actually the account of the LLC itself.

For maintaining and organizing accounting of settlement accounts, a chart of accounts is provided, according to which this accounting is maintained. You can find it in the position of the Central Bank. How to find out the organization’s current account by TIN, we will consider further.

If LLC is a debtor

If an LLC is a debtor, and you cannot find its details on your own, then there are several basic options for how to find out the organization’s current account. Usually, when drawing up a cooperation agreement, it indicates the details of the parties that contain complete information about the LLC. This is the TIN and, in fact, its current account.

In order to understand how to find out the organization’s current account by TIN, you need to look for information about the debtor on the Internet. Data can be placed there on the company’s website, if available, or in groups on social networks, LLC representatives can also post similar information on the network.

How to find out the account of the organization?

Can this be done? The law “On Enforcement Proceedings” contains information on how to find out the organization’s current account. There are two main options.

If you have some information about the activities of the LLC, then you probably have some assumptions about which credit institution may have information about the debtor. If you go there, you will not be able to give information, however, when providing supporting facts that the LLC is your debtor, the credit institution will receive the right to debit funds from the LLC account as a debt.

If this option does not suit you for some reason, then you have the right to contact the bailiff to collect the debt. In this case, the bailiff will send several requests to financial organizations, which are required to provide him with a written response. An authorized person will be required to provide the information received to the applicant.

According to the Law on Banks and Financial Activities, such information cannot be provided to the first comer, but if this information is requested by the court, the accounting chamber or the tax service and other authorized bodies, then information must be provided.

Confidential Debtor Data

The organization’s current account is confidential information that is closed to all other users, however, a limited liability company may voluntarily publish these details. Then the banking institution is not responsible for the disclosure of classified information. If the LLC is your debtor, then you will be interested in information on how you can find out the organization’s current account for debt collection. It should be understood that this information can only be disclosed to authorized persons who, on this fact, have a writ of execution. You can also find out the organization on the current account.

Appeal to the Federal Tax Service

How to find out the settlement accounts of the debtor organization? In order to get the details of the party, you can also contact the Federal Tax Service. What will it give you? You can find out the open settlement accounts of the organization that is your debtor. If you have a writ of execution, then you have the right to contact this service with a request for the following data:

• the number of settlement accounts of the organization;
• banks in which they were opened;
• account numbers;
• the amount of cash on them;
• cash flow statement

If you decide to apply with a request, then it must be compiled in accordance with certain rules and requirements for them. You can make such a request to the nearest agency of the Federal Tax Service.

So we can conclude that with a great desire you have the opportunity to get information that allows you to recover bad debts.