Opening a bank account in Estonia

Estonia is an attractive country for permanent residence and business relocation. However, in order to live and work in this country, you will need to open a bank account. Individuals need it to obtain residence permits or citizenship, to buy real estate or other property, etc. Legal entities should open a bank account in Estonia in order to make payments and receive funds from Eurozone counterparties without hindrance. Lawtter Solutions offers its clients to register a bank account quickly and profitably.

The cost of the service

1 000 EUR*

Term for opening a bank account

1-3 months

Support

Multilingual

Account opening type

With personal visit

Opening an account

Basic information

Estonia’s financial regulator is the Central Bank (Eesti Pank). It has issued banking licenses to more than 10 banks, including local institutions and branches of foreign banks.

 

Estonia is a very attractive country in terms of opening bank accounts. The procedure here is quite simple. Can a US citizen open a bank account in Estonia? Yes, it is possible to open a bank account in Estonia for non-residents. You can submit documents online. There is a possibility of being interviewed from abroad. In Estonia, it is allowed to verify clients by video call.

 

Estonia offers a wide range of opportunities for clients. Individuals can open current, settlement, and savings accounts. Foreigners can also get a bank card and make a deposit. Legal entities can use a number of services, such as letters of credit, multi-currency accounts, leasing of property, factoring services, etc. Estonia allows the opening of offshore accounts for companies operating abroad.

 

 

Advantages of opening a bank account in Estonia

 

Many individuals and legal entities wish to open an account in Estonia because it allows them to get important advantages. The main ones are as follows:

1

Political stability

Estonia is one of the most stable countries in Europe. It has a stable political environment, economic situation, and banking system.
2

Wide range of services

Non-residents in Estonia have the opportunity to receive a large number of banking services that are not available to foreign citizens and companies in other Eurozone countries.
3

Multi-currency accounts are available

Clients in Estonia can open a bank account in euros or US dollars or use a number of other currencies.
4

Low balance requirements

Estonia has minimum account balance requirements, but they are low. The minimum required balance is 1200 euros. You must deposit this amount before opening an account and starting to use it fully.
5

Convenience

You can open a bank account remotely in Estonia. Convenient mobile banking is also available.