Cashless payment: how to open and conduct transactions
By The Forex Review - 20 / February / 22 1384
Dominick Bell
The bulk of financial transactions, especially those with large amounts, are made through non-cash payments. Until recently, only legal entities were able to conduct such transactions, but with the entry into force of The Central Bank Regulation No. 222-P of 1 April 2003, individuals received the right to use all forms of non-cash payments to transfer funds, which are determined by law.
Step 1
Contact the bank to open a current account through which cashless payments will be made. Provide passport or other document showing your identity, application for opening an account, card with a sample of signature and other documents that are negotiated with a bank employee. After checking the submitted documents, a bank account agreement is concluded with you and a current account is provided for use.
Step 2
Carry out a non-cash payment by means of a payment order, indicating the details of the recipient of funds, the data of the payer, the amount of the payment and its purpose. The document is drawn up in duplicate, one of which is returned to the payer, and the second is handed over to the cashier of the bank.
Step 3
Apply to the bank for your current account the ability to manage via Internet banking. This greatly simplifies the procedure for transfer of funds, since you only need a computer and Internet access. Go to the bank's website and go to the secure connection section, where enter your username and password. In some banks, you will also need to indicate a code of securitized, which, after authorization, comes in the form of AN SMS on your phone or e-mail. Then select the "Create payment order" section and enter all the required details. Processing the document takes some time, then in case of error, you can always cancel it.
Step 4
Use a plastic card for cashless payments. The transfer of money can be done Through ATMs of the bank or Through The Internet. There are many online services that provide the mater fixed to make online purchases through a plastic card. To place an order for cashless payment, it is enough to know your card details and confidential confirmation code.
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