Open a new business account

Open an account in Internet Bank

Why choose Swedbank?

  • Debit card with no monthly fees for a year.
  • Intra-bank payments in euros, outgoing domestic payments and Europe payments in the Internet Bank free of charge for a year.
  • The payment terminal -50% from the price list price for 6 months.
  • E-commerce solutions without activation fee and first three months without monthly fee.
  • ERPLY Books accounting software main module usage through Internet Bank for free.
  • Web and e-mail hosting by free for 6 months.
  • Mindvalley free online trainings for two employees in your company for a year.
Open new account

Quick payments at low fees

70% of your future customers will have an account in Swedbank, which means that money is transferred from one account to another inexpensively and in just a few moments.

Widest range of products

We have the widest and most innovative product range in Estonia. You can conduct most of your daily financial matters in the Internet and Mobile Bank. In addition, we have the largest ATM network in Estonia.

Lets grow together

We adapt our products considering the needs of your growing business. Our large market share of enterprises and the expert knowledge of different sector managers will create additional value to your business.

If you are not our private customer, you need to book an appointment to open an account in branch.
  1. If you have a Private Swedbank account and representation rights, Smart-ID, Mobile-ID or ID card, fill out the application in the internet bank.
  2. During working days from 9.00-17.00 you will be contacted within one hour, outside these times on next working day.
  3. Once the application has been reviewed and accepted you can sign the agreement digitally.

* Opening a current account is free.
* The possibility to open an account remotely is available to Swedbank’s private customers who are Estonian residents.
* In case of joint right of representation all the members of the management board must come to the branch to sign agreement.

  • You can open your initial current account free in Swedbank branch. We encourage you to book an appointment for a more convenient account opening experience.
  • To open further accounts you will not have to visit a branch - your company’s legal representative can do so in the Internet Bank using their Smart-ID, ID card or Mobile ID.
  • For companies with non-residential connections, in case all necessary documents are submitted the decision for opening the account will be made within 10 working days after paying the fee of enhanced due diligence measures.
  • To ensure a smooth service, we advise you to book an appointment in the Liivalaia or Rävala branch in Tallinn.
  • Please prepare the necessary documents for account opening.
  • The relationship between the company and the bank starts by opening a current account. This allows your company to transfer money in Euros and other currencies.
  • The corporate bank account may only be opened by the company’s board member(s).
  • In order to open an account, a personal identification document (passport, driver’s licence or ID card) of the representative(s) of the company is required. If the representatives of your company have decided that the members of the management board represent the company jointly (joint right of representation), all of the members of the management board must come to the branch.
  • The starting account is intended for making a deposit to the share capital of the company being created.
  • You can open a starting account in the Company Registration Portal.
  • Once you have entered the company to the e-Business Register, you can convert the starting account into a current account remotely or in a branch and start using it. Please book a time to covert the account in the branch.
OPENING ACCOUNTS Effective as of 01.06.2018
1. Current account
1.1 Private person
1.1.1 for Estonian and EU member state (including Norway, Iceland, Liechtenstein, Switzerland) resident free of charge
1.1.2 for another country resident 200 EUR
1.2 Legal person
1.2.1 for a legal person registered in Estonia free of charge
1.2.2 for a legal person registered in an EU member state (except Cyprus, Luxembourg, Malta, United Kingtom) or Norway 30 EUR
1.2.3 for a legal person registered in another country (including Cyprus, Luxembourg, Malta, United Kingtom) 400EUR
1.2.4 Fee of enhanced due diligence measures (1) 200 EUR

What to do in emergencies?

If you've lost your Internet Banking access codes or your access credentials are compromised, do not hesitate and call us at any time (since our services are available round-the-clock). The Bank will immediately block access to your Internet Banking user account, and no one else will be able to access money in your bank account(s) with our Bank.

  • Private clients Consultation Centre: 6 310 310
  • Business clients Consultation Centre: 613 2222

User rights

In our Internet Banking facility, you can use a number of accounts or select a single account to be used. You can set the use mode for every user and account, limiting the rights of users, e.g. only permitting viewing account information, whereas payments cannot be made.

A company can assign different user rights based on its needs which are divided into profiles: preparation of payments, information, payments and all services (information, payments and agreement concluding). An additional option for payments is double acceptance: another user who has the right to make payments from the same account must always approve payments made by a user if they exceed the amount set by the company.

User limits

You can set daily and monthly limits individually for every user and account. Choose daily and monthly limits that suit your needs and/or the needs of your company. Limits are user-specific, not applicable for every single account.

Call-approval limits

You can set limits for call approvals for outgoing payments. If it is exceeded, a bank employee will call the specified contact person and ask for an approval of the payment and its details. Alternatively, your company's representative can call the bank's customer service line and approve the payment upon authorization. Additional approval of the payment will be made by phone. It means that the bank will not execute any payments that exceed the approval limits without approval by the client.

The bank will call you back on weekdays from 9:00 to 18:00. If the employee fails to get in touch with the client, they will try again during the banking day; if they don't succeed, they will try on the next day. If the client is not reached by phone, the payment will be cancelled.

Use the SMS Banking features

Set up being notified by a text messages in case of exceeding outgoing payments and you will receive an SMS alert every time when an outgoing payment exceeds the limit set by you. This way, you will be always up-to-date with your finances or those of your company at any place and time just by the text message.

Browsing session expiration

If you're idle on the Internet Banking site for 5 minutes, you will be prompted to enter the password to continue your Internet Banking session. Time limits protect you in case you forget to log off from the Internet Banking site when leaving the computer.

Session certificate

All Internet Banking data traffic is encrypted.

Internet Banking site certificate

Before starting to enter your log-in credentials, make sure that you have the right URL entered in your Internet browser address bar. The connection must be encrypted and you can see it in the address bar which should begin with icon Also, an icon security icon is visible at the bottom of the internet browser's window. The icon is a sign of Verisign certificate.

IT vulnerability reports

It is important for us at Swedbank that our customers can feel safe and secure when doing business with us. We have therefore a structured approach to security in all of our development and management of systems and constantly strive to achieve the highest possible security and quality. Despite this, an error may slip by. If you have found a security flaw, we would like to hear more about it to be able to correct the problem as soon as possible.

How do you report?

Send an email to us at We prefer that you use our public PGP key to protect the information you send over. Make sure to have included the following information

  • Detailed description of the vulnerability containing such info as URL and type of vulnerability.
  • The necessary information that we need in order to reproduce the problem.
  • If applicable, a screenshot of the vulnerability you have found.
  • Contact information, name, email, phone number, and your public PGP key (if you have one).

What can you report?

You can report security flaws that you have found in any of our services. Examples of security flaws are cross-site scripting, flaws in encryption or flaws with security implications in logic controls. The reporting service is not for other logical errors, errors in texts, questions about our services, questions about the security of our services or similar.

What can you expect of Swedbank?

We will confirm that we have received your description, continuously keep you updated while we process the issue, and inform you when the issue is fixed. Claims for compensation as a condition for sending in a vulnerability is not accepted.

What is required of you?

It is important for both us and our clients' security that you follow good practice, i.e. that:

  • You do not use the vulnerability to access or attempt to access information that does not belong to you;
  • You do not use the vulnerability to remove or modify information;
  • You do not affect the availability of our services through denial of service attacks;
  • You give us an opportunity to fix the reported vulnerability before going public with it.

Can you file a report anonymously?

Yes, but then we cannot respond back and keep you updated on the status

PGP key

PGP key
Key ID: 0x0AD6CCAF
Fingerprint: 2D14 4030 6D4B 68C3 F286 3AC6 333B E8E4 0AD6 CCAF

Suspicious e-mails or calls. Be cautious and on your guard!

Sometimes you may receive phone calls or letters allegedly from 'bank employees' or other 'officials' asking you to reveal your secret codes. As a general rule such phishing is designed to trick somebody into disclosing their bank or credit card information by sending fraudulent e-mails purporting to be from a bank, Internet service provider, etc. asking for verification of account numbers or passwords.

  • Internet banking users must not disclose secret internet bank codes information to anybody even if threatened or promised substantial financial reward for it.
  • Internet banking users are encouraged to call the bank and inform it of any suspicious e-mails or phone calls asking them to supply or confirm information concerning their secret internet banking access codes.
  • Internet banking users must not click on links contained in suspicious e-mails, open any attachments or reply to them.
  • Swedbank never sends e-mails asking to provide your user ID, passwords or code card numbers, or any links to websites where any of your data have to be entered.
  • Swedbank never sends any e-mails asking to install additional software to improve Internet banking usability.

If you suffered something similar please report incident to the bank

Safe browsing

  • Threat suspicious files with caution and do not open them. Do not open files from anyone you don't know or if you are not convinced that it is safe to do so. Also be wary of suspicious files from people you know - they may be infected and the file in question may be a virus or spyware. Most often viruses are contained in files with the extensions .exe, .com, .bat, .vb, .vbs, .js, .scr and .pif.
    Viruses may also be present in Microsoft Office documents, so it is well worth to exercise caution when opening them and to select 'No' when Word asks if you want to run a macro (program script).
  • When you finish your Internet banking session, log off (by clicking on “Exit") and close your Internet browser (by clicking on “X" sign). This is obligatory even if you leave your computer unattended for a little while. By following this advice, you will protect yourself against your computer (and your bank accounts) being accessed by other persons.
  • If possible, avoid banking online at public places (Internet cafes, libraries etc.) However, if you must do so, always make sure that you close the browser after banking online and change your login password as soon as possible.
  • Do not log in to your computer using a user profile with administrator rights in your day-to-day work.
  • Turn your computer off when you don't use it. Nobody can hack a computer which is offline.
  • We encourage you to update your browser and Operating system version as soon as update is released. These updates can be set up automatically for better security and experience in our digital channels. We officially support these browser versions:

    • Google Chrome 80 and later
    • Microsoft Edge 80 and later
    • Mozilla Firefox 75 and later
    • Safari 13.1 and later

Protect your internet bank access codes

  • Do not, under any circumstances, share details of your secret internet banking codes with other persons, including your family members, friends or the Bank's employees. If you want your family members to manage money in your bank account(s) with Swedbank, ask the Bank to issue internet banking access codes to your selected persons too. Remember that all internet banking login details (user ID, codes, passwords, etc.) are essentially the key to accessing your money.
  • Never send internet banking access details via email.
  • Do not store your password or PIN together with the security token.
  • Your PIN should not coincide with any part of your phone number. Avoid choosing a PIN resembling dates.
  • Change your PIN immediately if you suspect that other person might have accessed your internet banking credentials.

Keep an eye on the movement of finances in your account

  • Keep track of transactions in your account on a regular basis.

Use free online virus scanners to verify that your computer is safe:

We recommend the following safety measures on computers used for Internet Banking:

  • Install Antivirus software and configure it to automatic update of the virus definitions database (at least one auto-update per day).
  • Install and turn on the local firewall. It should be configured so that it prevents connections from the Internet to your computer.
  • Regularly download and install security updates for all software installed in your computer.
  • Use the latest browser and operating system available.
  • Turn on automatic updates for all software.
  • Set your browser to block pop-ups.

We recommend the following safety measures on mobile devices (smartphones and tablets) used for Internet Banking:

  • Download and install applications only from trusted sources such as the App Store on the iPhone and iPod touch or Google Play on your AndroidTM device or Windows Phone apps store.
  • Do not root or jailbreak your mobile device to get around limitations set by your carrier or device manufacturer. It will remove protections built into the device to defend against mobile threats.
  • Configure your mobile device to automatically download and install updates for all software installed on it.
  • Use the latest browser and operating system available.

Grow your new or existing business with the help of financing. Suitable solutions for both working capital and for acquiring equipment.

A convenient solution for both customer billing and the increase of sales. Reduce the cost of cash handling.

Get a personal consultation for your company with our experts at a time convenient for you.

Book an appointment at branch

Aim of the visit*

Useful links

Contact details

The Corporate Client Consultation Centre is here to help you.