What is an impersonal account? Unallocated metal accounts (UMA). Types of accounts for precious metals

(deposit in gold or any other precious metal) is issued by a banking institution to an individual or company, entrepreneur to carry out transactions with precious metals. In other words, a metal account is a JIOPO account opened with a certain credit institution, which contains an n-amount of precious metal with a determination of its purity. The amount of precious metals is indicated in grams.

Types of accounts for precious metals

Metal bills are classified into:

metal account blocked (secured storage).

The latter has the following features:

Banks credit precious metals to a metal account in:

• bullion that is purchased directly from the credit institution that opens this account;

  bullion that was stored in another banking institution or directly with the client.

Banks do not have the right to use precious metals that are accepted from a client for storage as credit funds. It should be noted that upon the first request of the client, bullion is issued.

Factors that influence the choice of a “metal” deposit:

interest rate;

conditions for opening and servicing this account (for example, the presence of a commission for the provision of services);

existence of restrictions on the minimum/maximum deposit size.

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Description of the essence of impersonal metal accounts. How and when is it beneficial to use compulsory medical insurance?

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Physical gold is the best tool for minimizing the risks that arise during instability in the economic and political sphere of the country. This form of storing savings is characterized by certain disadvantages. These include a very high bank spread and VAT, for this reason experts recommend that citizens open impersonal metal accounts. This type of storage of funds compares favorably with gold bars, since a completely different taxation system is provided for it.

What are impersonal metal accounts and what are their advantages?

Compulsory medical insurance (OMS) are bank deposits, which are distinguished by the fact that their assessment is based on the current cost of gold and other precious metals. Such accounts can be opened in silver, platinum, gold or palladium. The most common among citizens are, of course, “gold” accounts.

For what reasons do people prefer virtual gold? The choice is explained by the many advantages that distinguish this form of storing savings. The main advantages of compulsory medical insurance:

• Full liquidity. Investors can easily convert virtual gold into monetary assets, which cannot be said about funds in the form of gold bars and investment coins;
• No need for transportation and logistics of precious metal. It is no secret that such problems arise when purchasing physical gold;
• The difference between the acquisition and sale of gold in virtual form is minimal compared to bullion and investment coins;
• There is no need to pay VAT when opening a bank account, the rate of which is 18%;
• The transaction is not subject to registration with the tax office, unlike the purchase of gold bars;
• An account may be opened in favor of third parties;
• The operation of purchasing an impersonal precious metal is simpler in terms of mechanics than purchasing real bars;
• The opening of compulsory medical insurance is available to almost all categories of citizens; the minimum that can be invested is 1 gram of precious metal.

Types of compulsory medical insurance

Unallocated metal accounts are current (on demand) and deposit (time-based).

Current compulsory medical insurance. A current impersonal metal account works in such a way that income is generated taking into account the increase in the exchange rate value of the precious metal in the account. At the same time, the account owner has the opportunity to withdraw funds from it, as well as replenish the deposit. The holder of this type of compulsory medical insurance is able to “maneuver.” For example, if quotes rise, he can immediately record income and withdraw cash. This option is suitable for those individuals who prefer speculative investment tactics. This means that they expect to make money on precious metals in a short time. Interest is not accrued when opening this type of deposit. There is no time limit for storing gold, platinum or other precious metal.

Deposit compulsory medical insurance. When opening a time deposit, profit is formed from interest. They are calculated in grams of precious metal and due to the growth of the gold rate on world markets. The storage period for savings in a fixed-term account is limited; they are agreed upon when opening it. This type of deposit is an ideal solution for a long-term strategy, when the focus is on the desire to receive a stable income through interest, and not through exchange rate differences. In case of early termination of the contract with the bank, commission payments are not provided.

Where and how are compulsory medical insurances opened?

Today the list of banks that provide this service is very wide. Therefore, investors who are thinking about creating a “financial haven” have plenty to choose from. Promsvyazbank, Uralsib, Nomos-Bank, VTB-24, Sberbank– is a far from complete list of financial institutions that offer their clients services for creating compulsory medical insurance. The conditions for opening and maintaining accounts differ in different banks, so you need to find out several questions that relate to opening a deposit in a particular bank:

1. Minimum weight of purchased metal;
2. Categories of available deposits;
3. When opening a time deposit - the interest rate for the year;
4. Deadlines for placing deposits;
5. The spread value, which is set for the product of various operations with a deposit.

Important point: Compulsory medical insurance is not included in the insurance system for bank deposits and deposits. Therefore, it is worth carefully studying the bank itself, its reporting and history. Naturally, close attention should be paid to the terms of the contract and the transparency of the mechanism for setting quotes for the purchase and sale of precious metals.

Now you can proceed to the account opening procedure itself. In order to buy virtual grams of metal, you will need money that you plan to deposit into your account. The only document that will be useful is a passport; it can also be another document that proves your identity.

The bank employee issues the following documents:

• Agreement on opening an account in two copies;
• Bank cash receipt order;
• Certificate about the amount of gold or other metal in your account.

So, from now on you are the legal owner of the account with virtual grams of metal, who has the right to dispose of them at your own discretion. For example, you can record and withdraw income, wait for rates to increase, replenish your account, or withdraw funds in the form of physical bullion.

Points that are important to pay attention to when opening an account

First of all, it is worth remembering that this category of accounts is not included in the deposit insurance system. For this reason, a person’s choice should be based on experience with the bank or personal trust.

The second point: when closing an impersonal metal account using the method of withdrawing real bullion, you will need to pay VAT of 18% from the cost of the metal.

The third point: you should study the terms of the contract with the bank very carefully and closely. This is necessary to avoid possible troubles in the future. Eg, it may turn out that the bank charges a commission for opening, maintaining and closing an account, as well as for other operations performed.

Fourth point: taxation of profits under compulsory medical insurance. Even experts do not have a consensus on this matter, so this issue will be raised in a separate paragraph.

Taxes and impersonal metal account

The main problem is the lack of uniform formulations of legislative norms. Therefore, lawyers and tax consultants have many questions when solving certain problems related to compulsory medical insurance.

There is a clear provision according to which the profit that the taxpayer receives from interest and the increase in the value of precious metals in world markets, subject to taxation on personal income(Article 224, clause 1 of the Tax Code of the Russian Federation).

At the same time, the tax code does not mention points regarding how to calculate the base for calculating the amount of taxes and at what rates to pay them. There is not a single unambiguous answer as to what type of bank deposits are compulsory medical insurance (simple bank deposit or property).

Many experts believe that investors who own compulsory medical insurance must pay taxes. However, this is worth doing only if you receive real income, which arises from the difference between the amounts paid when purchasing gold and received from its sale.

According to lawyers, the lack of standards for calculating the tax base allows the taxpayer to use any economically feasible method. For example, this may be the average cost method, when the cost of the first acquisition is subtracted from the cost of the first sale.

As for the fixed-term deposit, everything is more or less clear - at the end of the year, the bank withholds income tax from the depositor’s account at a rate of 13%. If you are the holder of a current compulsory medical insurance, you will also have to pay income tax yourself by filling out a tax return.

conclusions

Purchase of impersonal grams of precious metals – one of the simplest methods of saving savings from inflation. Of course, this type of financial instrument also has negative aspects in the form of ambiguous provisions of the Tax Code and the lack of an insurance system. However, if desired, all these disadvantages can actually be reduced to zero.

By carefully choosing a bank and carefully studying the terms of the contract, you can purchase virtual gold without fear. Before opening an unallocated metal account, it is recommended to obtain advice from a tax specialist and representatives of the local tax service in order to avoid possible problems in the future.

Hello friends! Today we will consider the question: is a metal account at Sberbank profitable, its pros and cons, we will study the reviews and answer the question - is it worth opening a metal deposit, investing money in it in order to earn money.

Precious metals are traditionally considered a more stable monetary equivalent compared to conventional paper money. One of the manifestations of modern ideas about the value of precious metals can be considered metal accounts (abbreviated as OMS), which can also be opened in Sberbank. The prospect of operating with precious metals, the equivalent value of which does not depend on currencies, certainly looks attractive.

What is compulsory medical insurance - an impersonal metal account

Unallocated metal accounts were intended as a real alternative to cash deposits. The instability of the world market and frequent economic crises contribute to the fact that businessmen prefer gold, silver or platinum to standard foreign exchange investments.

Sberbank provides all the necessary services for this - the client does not have to worry about storing the asset, and the procedure for purchasing precious metals under the conditions of opening a compulsory medical insurance is simple. You need to choose one of four types of assets - silver, gold, platinum, palladium.

Please note that the asset is not issued in person. The client has the right to invest, redistribute assets and receive the corresponding profit, transfer by agreement to another person, buy or sell, but they will be located on the territory of the bank. In the event that you decide to withdraw your asset from the bank's territory, you will need to pay all VAT requirements (18 percent of the value of the bullion).

How to profitably make money on compulsory medical insurance

Unallocated metal accounts are opened under special conditions when compared with other credit services. You can either earn or lose money on this due to the difference in exchange rate.

Sberbank undertakes to establish a minimum threshold for the asset being sold. It corresponds to 0.1 g for gold, platinum and palladium, and 1 g for silver. You only pay for the purchase of the asset itself; additional funds are not required for the service.

There is no minimum threshold for the amount of profit, that is, the client can withdraw all the cash after the transaction, and the compulsory medical insurance will not close. There is also no maximum threshold; you decide how much metal you will store in the bank, but assets of one type of metal cannot be transferred to another.

Opening of compulsory medical insurance involves a certain amount of risk, since these deposits cannot be insured, which we will discuss in detail later.

What are the differences between compulsory medical insurance and a regular cash deposit?

A cash deposit implies the presence of real currency in your account - national or international. In other words, you operate with real amounts of 1000 rubles, dollars or euros. Compulsory medical insurance is calculated in grams, and in case of profit, the client receives an amount in rubles, which is converted into currency in relation to the price per gram of gold.

A special condition is the opening of an impersonal compulsory medical insurance at Sberbank upon physical, that is, real deposit of a measured ingot of gold or other metal. Its compliance with standards is assessed by a special commission. In other cases, the client pays in rubles an amount equal to the amount of metal in grams.

Is it worth investing in a metal account?

Metal deposits are a kind of investment for the future. Investing in precious metals for individuals does not have an interest rate to pay the bank, but you can only get real benefits if there are serious increases in the price of the precious metal. Sberbank, like other banks, depends on the established gold rates according to daily criteria from the Central Bank (they can be found on the official website).

Sberbank, in turn, is adjusting its adjustments to the opening of compulsory medical insurance: the sale price is overstated in relation to the Central Bank exchange rate, the purchase price is understated. In theory, it looks like this: if the Central Bank rate per gram of gold is 1,600 rubles, you will buy one gram at Sberbank for 1,700 rubles. Decide to sell it on the same day for 1,500 rubles, and you will lose 200. But if after a week or a month the price per gram of gold according to the Central Bank increases to 1,900, you will begin to make a profit.

The world's supply of precious metals is limited, so logically, their prices will only rise over time. Add to this a more stable position in relation to national currencies, and you get a completely reliable means of long-term profit. Over the past 10 years alone, taking into account all the nuances, the price per gram of gold has increased from 500 to 2,300 rubles.

At the same time, it is unlikely that you will be able to constantly make a profit with the help of compulsory medical insurance. Precious metal prices fluctuate throughout the year, and if you make a good profit one month, you may well lose it the next.

The opening of compulsory medical insurance should be approached wisely, trying to predict the pricing policy of the Central Bank. If possible, carefully monitor inflation processes.

Opening compulsory medical insurance in Sberbank

The most convenient option for opening a compulsory medical insurance is through the Internet. This is due to the fact that not every Sberbank branch works with similar categories of accounts.

To open compulsory medical insurance, you must:

1. Have your passport and Taxpayer Identification Number with you.
2. Be a citizen of the Russian Federation.
3. Make a purchase of gold, palladium, platinum from 0.1 g or silver from 1 g (the maximum threshold for the purchase of precious metals has not been established).

Compulsory medical insurance can also be opened for a child over 14 years old with a legal representative.

Opening a metal account has a number of undoubted advantages, including:

1. No fee for opening the service.
2. The purchase or sale of precious metals is carried out on the spot, “here and now”.
3. No VAT on transactions if you work with precious metals under the terms of compulsory medical insurance. Handing over gold means full payment of VAT.
4. Maintaining an account is absolutely free, there is no minimum balance threshold.

Please note the following points:

1. The agreement to transfer ownership of the account must be certified by a notary.
2. Money transfers from compulsory medical insurance are not carried out. To do this you need to withdraw money. In addition, not every bank provides services for working with precious metals, as we have repeatedly reported.

Precious metals are located on the territory of the bank vault, and they are not used by the bank itself as credit funds. If a client expresses a desire to receive bars of gold or other metal, employees are obliged to fulfill his request upon his first request.

Commission payment is made for the following services:

1. Export of precious metals in physical form. In this case, the client pays VAT at 18 percent of the cost of the bullion.
2. Transporting the bullion to another bank.
3. Opening and closing.

Open compulsory medical insurance with your precious metal bar

When opening an account with your own bullion, you must have all the documentation (certificates from the bullion manufacturer, which will indicate the serial number and purity). If the metal meets all the standards and regulations of the country, the depositor fills out a written order to transfer the bullion to the Sberbank vault. During registration, the ingots undergo control and are inspected by specialists (both visually and using technical means). A legal transfer and acceptance agreement is signed with the investor in two copies. One of the copies is issued to the client.

If the bullion does not meet the established criteria, Sberbank has the right to refuse the depositor.

Upon expiration of the period specified in the contract, the client is returned the bullion that was left for storage.

Who can open compulsory medical insurance

Opening accounts is available to adult citizens of Russia. If parents decide to open an account in the name of a child under 14 years of age, the document is issued to the legal representative.

The list of documents for opening an account for a child under 18 years of age differs, depending on the status of the person applying. For example, a parent must provide a child’s birth certificate, a guardian must provide a certificate or certificate from the guardianship authorities, a citizen of the Russian Federation aged 14 to 18 years must provide written permission from a legal representative.

Persons under 14 years of age cannot manage deposits independently. The account is operated by a legal representative if there are documents on permission from the guardianship authorities. After reaching 14 years of age, the depositor himself uses the money, but with written consent from his legal representative. A signature and date of application are required. Also, with written permission, the owner of the compulsory medical insurance who has reached 14 years of age can transfer the deposit to another person. To do this, fill out a special power of attorney certified by a notary. For persons over 18 years of age, there are no restrictions on making a deposit.

Pros and cons of opening a metal account with Sberbank

To summarize, it should be said that the owner of compulsory medical insurance has a number of undeniable advantages:

1. Money is held in its “real value”, much less subject to the effects of inflation.
2. If market prices for precious metals rise, the depositor receives a real profit, despite the fact that the bank does not require commission payments when withdrawing funds.
3. Unallocated accounts with precious metals are much more liquid than real bullion. When the latter is received by a bank from an individual or legal entity, a lengthy process of verification by specialists follows for compliance with Russian standards. The bank always has the right to refuse the client, while impersonal funds are quickly converted into cash and banks always buy back such funds.
4. Compulsory medical insurance is not subject to taxes on income from an individual (if open for a period of up to 3 years) and is not subject to VAT.
5. The risk for the safety of precious metals lies entirely with the bank in which the deposit was opened.

At the same time, opening an impersonal metal account is associated with a certain risk. First of all, this is the lack of insurance for anonymous bank deposits. If the bank goes bankrupt, you are unlikely to see your money. Also, each bank, at its own discretion, sets the difference between the actual Central Bank exchange rate for the precious metal and the purchase/sale cost. An inattentive investor can accidentally lose a lot of money on this.

Finally

The income value of impersonal metal accounts is a rather controversial issue. If you want to make a real profit every month from buying and selling precious metals, you are unlikely to make a real profit from it. The market is currently more stable than before, and while 10 years ago many investors could make millions through manipulation, today CMIs can act more as reliable ways to store currency. Precious metals are less susceptible to inflation and are not affected by financial crises; to this it is worth adding the fact that over the years the price of gold, platinum, silver and palladium has been steadily increasing.

Free legal advice online

An excellent alternative to a standard deposit in dollars or rubles is a metal account with Sberbank. In some situations, it opens up great prospects for earning money. The most popular are impersonal metal accounts, also known as compulsory medical insurance. Their main advantage is that they do not require additional maintenance costs, and any manipulation with them is very simple. Compulsory medical insurance is offered in almost any financial institution, but, despite the specific conditions of partnership in each of the banks, there are general standards and rules.

What does an impersonal metal account mean?

A metal account at Sberbank is one type of client account that contains precious metal. It is not characterized by the presence of characteristics typical for ingots, such as quantity and fineness. You can withdraw from your account either directly in bullion format, which will be accompanied by additional costs, or in cash equivalent.

If you plan to deposit gold, silver or platinum directly into your account in physical format, you will have to conduct an examination of the metal, order its evaluation and provide transportation. Moreover, you will have to pay VAT in the amount of 18% of its cost. The procedure for replenishing an account is simplified if you use an impersonal precious metal. It will be reflected in your own deposit in grams. You can deposit metal in an amount of 0.1 grams or more, which makes the offer accessible to almost every person.

What about interest charges?

An unallocated metal account at Sberbank does not accrue interest. In Russia, it is not customary to credit additional funds to accounts in this category. If a financial institution offers a rate of 1 to 2%, which will be calculated in grams of metal, then this is an incredibly profitable offer and should be accepted immediately. In Western countries, the practice of charging interest on deposits is quite widespread. The depositor receives profit on this category of deposits due to changes in quotes. If the value of the precious metal increases during the partnership with the bank, the investor will earn money. If the value of the asset decreases, the deposit will suffer a drawdown. The specifics determine the low liquidity among the broad masses of such a product as Sberbank metal accounts. The rate of the precious metal on the international market determines the profitability and loss of the asset, which is very risky and not suitable for most investors.

Opening conditions

The compulsory medical insurance service is available to every client of a financial institution who is 18 years old at the time of signing. A metal account with Sberbank can also be opened for a child who has not yet turned 14 years old, but only if an official representative is present. Children aged 14 to 18 years can independently open this category of accounts, but only with the official permission of their parents or guardians.

Account management may be entrusted to a third party with a certain level of qualifications. The main thing is that the power of attorney is formalized and notarized. Not all branches of the financial institution have the technical ability to open a metal account with Sberbank, so it’s worth asking about this issue in advance.

Important aspects of partnership

Metal accounts, reviews of which are mostly positive, in most cases are opened for a period of one year. The client is given the opportunity to prolong the deposit. The account can be opened in one of four popular metals such as gold, platinum, silver and palladium. Most often in gold, as it is considered the most liquid and sought-after asset. Opening an account in silver, platinum or palladium is the prerogative of professional investors. The markets for these metals are highly volatile and both provide good prospects for making money and involve high risks. When Sberbank metal accounts are issued, the rate at which the financial institution sells the asset is the price the client pays. After the end of the deposit, the client receives funds in his hands at the metal purchase rate at the bank. The difference between the cost of buying and selling an asset is called the spread. Quotes are determined by the bank itself, but taking into account the actual cost of the metal on the international market and the situation within the state.

Account specifics

An impersonal metal account at Sberbank is very specific, since it does not provide for direct contact of its owner with the metal. The client simply brings funds. And the equivalent in metals is credited to the account. You won’t be able to see, much less hold, your asset in your hands without additional expenses. Assets are essentially virtual. If desired, the account can be replenished or partially cashed out. It is even possible to temporarily close it if the market situation indicates an impending sharp drop in the metal. It is worth noting that, despite excellent opportunities for managing your assets, the bank charges an additional commission for any manipulations.

Are there any ways to cash out your account with gold?

Metal accounts can be cashed out and replenished not only in the form of a monetary asset. Cashing out is quite possible with ordinary bullion. Here we note that this opportunity is available only in 500 Sberbank branches out of 8,500 operating throughout the country. If you decide to withdraw not money from your account, but the metal itself, you should notify the bank about this in advance. As a rule, in this situation, certain financial costs are imposed on the client. You will have to pay for the issue of bullion and their transportation to the bank branch. Moreover, you will have to pay VAT, which is not charged when trading virtual metals. According to the law, gold that has not left the financial institution is not subject to tax. If you look at the situation objectively, then mutual settlements with the bank on impersonal metal accounts are much more profitable to carry out without direct manipulation of bullion.

You need to know this

Each client of a financial institution such as Sberbank can open impersonal metal accounts (the exchange rate for which is constantly changing) in any amount. There is no upper limit.

Persons who actively use online banking are provided with universal, more favorable partnership conditions. Please note that transactions on the account can only be carried out in the branch in which it was previously registered. It is impossible to transfer from one compulsory medical insurance to another.

Disadvantages of compulsory medical insurance, or How to make the right decision

Metal accounts differ significantly from standard deposit programs, which, although they guarantee a stable increase in the deposit, are not protected from inflation. As for gold or any other precious metal, these are assets that belong to the category of exhaustible natural resources, therefore, their value will increase in the future. When making a decision, it is important to pay attention to the fact that this category of deposit does not fall under the protection of the deposit insurance agency, and if something happens to the bank, the damage will not be compensated. It is very important to select the time for opening the compulsory medical insurance, since the profitability of the asset will depend on how profitable the metal was purchased. If you open metal accounts at an institution such as Sberbank during a chart rollback, the rate (gold, silver, platinum, palladium) at that time will be the most profitable, and this will allow you to make great money. The average annual return on this category of investment programs is at least 20%.

Nuances worthy of attention

Compulsory medical insurance is more suitable for those who are well versed in the international and metals markets. Today, when the economic situation is unstable, it is better to refrain from this type of investment. Opening an impersonal account is easy, but the ability to withdraw profits from it is considered professional manipulation. You need to take into account the fact that the purchase of precious metal from a bank will always be carried out at a speculative rate, which will differ significantly from the exchange rate, which in itself promises certain extra expenses.

When visiting bank websites, financial blocks or forums, you can often come across such a concept as “Metal accounts”. As it turned out, some people actively use such a product and make good money from it, while others do not see anything good in it. However, the presence of controversy and discussion suggests that the topic of “Metal Accounts” is of genuine interest.
In this article we want to tell you what “Metal Accounts” are, why they are needed, and is it profitable to open them?

At the moment, the issue of investing money does not lose its relevance. The financial literacy of citizens is growing, and as a result, people began to think about the future. Moreover, we are talking not only about how to put aside some amount of money for a “rainy day”, but also about how to provide passive income. The more experienced generation keeps money at home or opens deposits in banks. And among the country's young population, investments in precious metals have recently become increasingly popular.

Banking institutions do not stand aside and follow modern trends. Among the many products, “Metal bills” are becoming increasingly common. Clients are invited not only to purchase bullion, but also to open an OMS - an impersonal metal account.

Metal accounts are a unique alternative to all familiar deposit products. The difference is that the client places in the bank not money, but precious metals. However, do not confuse MS and compulsory medical insurance.

The Metal Account can be used by those who transfer precious metals to the bank for safekeeping. Accordingly, when transferring valuables, an inventory is drawn up. The document must indicate the mass, number, sample, and manufacturer of the ingots. After affixing the seal and signatures, the banking institution is responsible for the safety of the accepted metals.

A banking institution does not have the right to use valuables at its own discretion. After the contract signed with the client expires, the bank is obliged to return to the latter all his valuables according to the inventory, without changing the quantitative and qualitative characteristics. This bank service costs a certain fee, which is agreed upon in advance.

The essence of the Impersonal Metal Account is that the client opens an account in which, instead of currency, precious metals are stored in an impersonal form. For example, gold, silver, platinum, etc.

On such accounts, as well as on standard ones, the movement of funds, in our case valuables, is recorded. Records are kept in grams without individual characteristics. That is, there is no number and quantity of ingots, the sample is not affixed, etc.

In other words, the investor does not become the owner of the actual gold bar. He simply buys “virtual” metal at the rate set by the bank at the time of the transaction. The client deposits cash into the account, and it reflects the purchased value in grams.

As for the purchase and sale rates of precious metals, a banking institution cannot indicate the numbers at will. The rate is formed based on data on real transactions on the commodity exchange and the discount rate of the Central Bank of the Russian Federation.

Unallocated metal accounts are of the following types:

1. Current. Interest is not accrued on this type of account for an overdue period. It was created for the purpose of storing valuables. Of course, if the purchased metal increases in price during the time it is stored in the bank, then the client will receive a corresponding income. You can withdraw your savings from such an account at any time.
2. Deposit. Interest is accrued on such an account depending on the bank's conditions. In general, remuneration is made at the end of the contract term, taking into account the account balance. You can use funds from the account only after the agreement expires. If the client takes the “stocks” earlier, he will be left without remuneration.

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Do not forget that the larger the investment amount and the storage period, the greater the amount of interest received.

How to open a metal account?

Naturally, if we are talking about bank accounts, then they should be opened in reliable financial institutions. As in the case of deposits, each bank offers its own individual conditions for opening and maintaining metal accounts.

Both individuals and legal entities can open MS and compulsory health insurance. In order for individuals to enter into an agreement with a bank and buy the coveted grams, they need to do the following:

• Provide the bank employee with your passport and TIN;
• Fill out a form and application for opening a metal account;
• Sign an agreement with the bank;
• If necessary, draw up paperwork for the receipt and transfer of valuables.

The procedure for opening accounts for legal entities is similar. The only difference is the package of documents provided.

In addition to everything, the bank may request the following documents:

• Passport and TIN of the head of the enterprise;
• Certificate of state registration;
• Certificates from the Tax Committee and State Property Inspectorate, etc.

After completing the necessary papers, an MS or compulsory medical insurance is opened in the name of the applicant. With the development of Internet banking, many institutions provide clients with the opportunity to open compulsory medical insurance online without leaving home. Moreover, using your personal account, you can make transactions on your account at any time and keep abreast of the latest news. Additional information about this service can be found on official banking websites.

Every client needs to remember that any investment is, first of all, a risk. And precious metals are no exception. Moreover, after activating the account, the client may incur additional costs. For example, such as:

• The difference between the buying and selling rates of valuables. The investor may suffer significant losses if his actions are not balanced and deliberate;
• A banking institution may charge additional fees for conducting financial transactions for investing in precious metals;
• The depositor will need to pay taxes that are assessed when carrying out certain transactions with MS or compulsory medical insurance.

For example, you must pay tax when withdrawing cash or metal from your account. When closing an account and receiving bullion in hand, the client will have to pay a tax in the amount of 18% of the total value of the valuables, and when receiving money, this amount will be 13%. You will have to pay income tax twice if the investor opened and closed an account in bullion.

As practice shows, the presence of possible risks and additional payments stops few people. People are increasingly asking the question: Which bank and which type of account is the most profitable today?

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Is it possible to top up a QIWI wallet with a Sberbank card?

We will talk about which banking offers are the most relevant a little later.

Pros and cons of metal accounts

In order to finally decide whether or not to open a compulsory medical insurance, you should familiarize yourself with the positive and negative sides of this type of investment.

Advantages

Flaws

The opportunity to make money on the precious metals market without actually owning them One of the types of investment that can bring income in a relatively short period of time No account opening fee An account is opened with a minimum package of documents Transactions are not subject to VAT The account can be closed at any time, and the valuables can be sold to the bank at the rate valid at the time of the transaction An account can be opened with a minimum investment.

In case of early termination of the agreement, the depositor will not receive remuneration on the account Big risks. Transactions for the purchase and sale of precious metals are fraught with both large profits and huge losses. The thing is that the investor’s profit depends entirely on the price of the metal at the time of the transaction. Many financial institutions offer favorable conditions for compulsory medical insurance, but at the same time set a high starting amount Compulsory medical insurance is not affected by the mechanism of guaranteed compulsory insurance. In simple words, in the event of bankruptcy of a banking institution, the depositor will not be reimbursed either the value or the interest on the account.

When deciding in favor of opening a compulsory medical insurance, the investor must understand that banking institutions independently set prices for the purchase and sale of this or that precious metal. The thing is that such values ​​are not regulated in any way by law. Therefore, before opening a metal account, the client should conduct serious analytical work.

The best banking offers for opening an MS

To understand which banking institutions offer the most favorable conditions for opening compulsory health insurance, you need to carefully study such offers.