Several Questions of Bank Accounts Legal Regulation under the Laws of Russia and Germany

Abstract

Within the scope of the article consideration of questions, concerning laws and normative acts connected with conclusion, performance and cancellation of a bank account contract, persons authorized to carry out operations with money on the client’s account, inheritance of a bank account in Russia and Germany is carried out. The comparative characteristic of various bank account’s legal regimes is given – deposit account, escrow account, blocked account, joint account etc. Examples of opportunities and ways to change the Russian legislation regarding introduction of corresponding legal constructions, which will allow raising the role of bank accounts in civil relations in many respects are shown. Looking at problems of this sort will help to improve standards of banking services in Russia and will promote achievement of balance of interests between banks and clients.

Keywords

• bank transactions
• account contract
• modes of accounts
• kinds of accounts