Private Bank Account Opening

Estonian citizens can open a private bank account without even moving from their couch, but it is preferred for foreigners to grace the bank's customer service with their in-person presence at the branch office. Non-EU citizens may have to go through a very thorough investigation, as well.

When you want to open an Estonian bank account, you’ll need proof of your ties to the country. You can be creative, but traditionally, a deed to property or proof of employment is expected. You'll also need proof of address, such as a rental contract, and of course, you'll need to identify yourself with a passport or EU citizenship identity card. Depending on the bank, they'll probably have additional questions, and you'll have to fill out some forms, as well.

If everything suits the bank, they will make an assessment of your application, and you will be notified of their decision. If you’re granted a bank account, you’ll need to go back to the same branch in order to officially open an account. For non-EU citizens, this will generally come with a fee.

The biggest banks in Estonia are Swedbank, SEB, LHV, and Luminor.