Bank Accounts for Estonian Companies

Corporate Bank Accounts in Estonia

Opening a corporate bank account is a critical step after forming or acquiring a company in Estonia. ShelfCompanies24 has established strong relationships with major Estonian banks and assists clients with the entire account opening process.

Major Banks in Estonia

We work with the following banks and financial institutions in Estonia:

• Swedbank, SEB, LHV, Luminor

e-Residency allows remote banking setup. Fintech hub with digital-first approach.

Account Opening Process

1. Bank selection — Based on your business type, expected transaction volume, and currency requirements, we recommend the most suitable bank.
2. Document preparation — We help prepare all required documentation including corporate documents, business plan summary, and compliance materials.
3. Application submission — We submit the account application to the selected bank on your behalf.
4. Compliance review — The bank conducts its KYC/AML due diligence checks.
5. Account activation — Once approved, you receive account details, online banking credentials, and payment cards.

Required Documents

• Certificate of incorporation
• Articles of association
• Register of directors and shareholders
• Passport copies of all directors and beneficial owners
• Proof of address for all directors and beneficial owners
• Description of business activities and expected turnover
• Source of funds documentation

Account Features

Feature	Details
Currency	EUR (Euro) + multi-currency options available
Online Banking	Available with most banks
Debit/Credit Cards	Corporate cards available
SEPA Transfers	Estonia banks support SEPA payments
International Transfers	SWIFT transfers worldwide

For assistance with opening a corporate bank account in Estonia, please contact our consultants.

Related Services in Estonia

• Overview of Estonia — Shelf Companies & Company Formation
• Company Formation in Estonia
• Ready-Made Shelf Companies in Estonia

Frequently Asked Questions

Which banks can I open an account with in Estonia?

We work with major banks in Estonia including Swedbank, SEB, LHV, Luminor. We recommend the best bank based on your business needs.

Can I open a bank account in Estonia remotely?

Remote account opening depends on the bank’s policy. Some Estonian banks allow remote opening while others require a personal visit. Our team advises on the best approach.

What documents are needed to open a corporate bank account in Estonia?

You will need the company’s incorporation documents, passports and proof of address for directors and beneficial owners, and a description of business activities.

How long does it take to open a business bank account in Estonia?

The account opening process in Estonia typically takes 1-4 weeks depending on the bank and the complexity of the corporate structure.