Open bank account in Estonia

How to open bank account in Estonia?

Upon registering a company in Estonia, you can apply for opening a bank account in Estonia if you have partners in Estonia/employees living in Estonia/carry out activities in Estonia. If the intended activity of the company is not related to Estonia, you will not be able to open a bank account in Estonia. If you want to open an account with an Estonian bank, the company has to start its activities, in full or in part, in the territory of Estonia, and we will be happy to help you. We advise you to contact the bank after your company has evidence of activities in Estonia (to open an account with an Estonian bank, a board member of the company shall be present). The list of Estonian banks is given below:

Prices for bank account in Estonia

Bank Time to open a bank account Price Web
Swedbank up to 10 working days 200 EUR Swedbank
SEB up to 5 working days free SEB
Luminor up to 5 working days free Luminor
LHV up to 10 working days free LHV
Citadele up to 10 working days 450 EUR Bank Citadele

OPENING A COMPANY ACCOUNT WITH A EUROPEAN BANK:

Upon setting up a company in Estonia, you can apply for opening an account with a European bank (Estonian companies are not required to have an account with an Estonian bank). To open an account with a European bank, certified translations of company documents are needed. We provide all our customers with a list of European banks that can be contacted and where you can apply for opening an account for your Estonian company. All information will be provided free of charge.

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