Why you need to be careful when withdrawing cash from corporate cards

[Демитрий]

Two news:
1. Why you need to be careful when withdrawing cash from corporate cards.
2. The Central Bank of the Russian Federation recommends that banks refuse access to accounts to those companies that begin to actively conduct transactions on them after a long break.

1. Why you need to be careful when withdrawing cash from corporate cards.

3-5 years ago, when developing an optimal tax scheme, entrepreneurs drew attention only to the risks associated with the likelihood of a field audit coming to the company, and based on this position they made a decision on the use of one or another scheme that helps to receive live cash.

Now it’s not so important to be ready for an on-site inspection, as much as the fact that the bank will send a letter at any time with a request to close the account and a red frame will appear on the computer screen with the words "you are restricted the right to use the online bank."

If only a few companies (especially distinguished and zealous) survive before the on-site inspection (literally and figuratively), then you can wait for a one-day stigma from the bank. It is enough to withdraw funds from a corporate card regularly and a lot.

Banks issue a card so that you can pay with it on the Internet and in stores and withdraw funds for emergency needs of the company a little (as a matter of decency).

Now, although banks issue cash, and hold a considerable commission for this issue, however, they consider such pure water operations to be cashing out.
The reason for this is the Methodological recommendations of July 21, 2017 No. 19-MP.

The Central Bank believes that a significant portion of the money withdrawn is illegal cashing.

What is dangerous to do with a corporate card?

1. Transfer to a corporate card and withdraw from it once or twice a month the same (or approximately the same) amounts. It smells like a disguise for salaries. If the tax one has to work hard to prove this fact, then the bank just needs to suspect the company of this and the accountant’s computer will have a red red sign saying “you have limited access to use online banking” early in the morning.

2. Withdraw funds in the morning or evening. The mega-regulator believes that these facts indicate an intention to cash out, rather than spend on the needs of the company.

3. To withdraw the amount of more than 100,000 rubles per day. Well, you have to specify some maximum on which the bank will rely.

4. Withdraw the amount of approximately 100,000 rubles (recommended maximum) every day. There are also such companies: a little bit every day, and a total of 3 million rubles a month with minimal costs in the form of a live cache.

5. Do not refund amounts previously withdrawn from the corporate card.
~~~~~~~

2. The Central Bank of the Russian Federation recommends that banks refuse access to accounts to those companies that begin to actively conduct transactions on them after a long break.

Such operations are suspicious, as they may be carried out to withdraw capital, cash out and evade taxes, transit, as well as to “financially support corruption and other illegal purposes,” the regulator explains.

Here are the signs of such clients:
1) write-off no more than 3 million rubles. per month,
2) the irregular nature of operations,
3) the minimum share of tax payments (not more than 0.9% of the debit turnover of the account),
4) the minimum amount of authorized capital,
5) the head and the chief accountant in one person, there are no other employees,
6) the company is registered at the mass registration address,
7) the head of the company is not at the address of the place of registration of the company.

So that our client does not fall under the definition of a "sleeping transit" client, we contact the bank before resuming operations, explain the reason for the lack of activity (mainly business seasonality), write letters, provide declarations and financial statements, provide recommendation letters from clients.
Of course, physically contacting the company in such cases when you are similar, but are not a transit company with a sign of a "sleeping" company with a bank, is best done through the head of the company, and not by proxy.
Then your suspicions (if any) will be removed.