For new companies

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 – Bank Link and card payments with Visa and Mastercard.
Convenient mobile app and Internet Bank with wide range of functionality.

Payments Plan for Business

From the second year, it is useful join with Payments Plan. For €2 per month you can:

make 20 payments in euros in the mobile app or Internet Bank;
have the Business Debit Card without monthly fee.

Partner offers

We want to contribute to the success of your business in every way. If you are planning to launch an online store, need user-friendly accounting software, or want to manage contracts conveniently in a digital environment, use the special offers from our partners.

Business Plan tool

Our Business Plan tool helps you to focus on your ideas and thoughts on a structural manner by helping you to formulate a clear plan for starting and developing a business. Available only in Estonian language.

Log in as a private customer and fill in the application.
Get a reply from the bank within one hour by phone*.
Sign the agreement via Internet Bank.

Important! The agreement can be digitally signed only by a company representative using Smart-ID, Mobile-ID or ID card.

*If application is submitted on working days between 9:00 and 17:00. If your application comes in later, we will contact you on the next working day.

For new customers

To conveniently open an account, please book an appointment at a branch.

For non-residents

If a legal or natural person in the ownership structure of the company is a non-resident, we recommend booking an appointment to open an account at the Liivalaia or Rävala branches in Tallinn.
Make sure you have prepared the necessary documents to open an account.
We will make a decision on the application within 10 business days of receiving the enhanced due diligence fee.

Customer can start using:

a current account;
Business Internet Bank;
SWIFT services.

Requirements:

The company must have been active in conducting settlements at Swedbank for the last six months.
The company has to have a connection with the country where the account is requested to be opened. The opening of an account has to be justified and necessary for the business activities of the company.
The documents necessary for account opening have to be in English.

The time it takes to open an account will depend on the chosen bank.

The requested information contains personal data and we will process such personal data in accordance with Bank’s Principles of Processing Client Data.

The starting account is necessary for newly founded companies for depositing the share capital. The starting account can be opened electronically through the Company Registration Portal. As soon as the company is registered in the e-Business Register, you can convert the starting account into a current account remotely or at a branch and start using it.

For the sole representative it is possible to open an additional current account remotely in the Internet Bank. In all other cases, please book an appointment.

Open an additional account

Group account is simple and effective management of funds. Group account is a book account where the assets consist of the balances and reservations on the current account of group members and the overdraft of the group.

Find out more

Open an account in Swedbank Group countries without leaving your home country. The service is intended for customers who wish to open a foreign account with Swedbank Group banks in Latvia, Lithuania, Sweden, Norway, Finland and/or Denmark. For further information, please contact us.

Find out more

Opening accounts

Effective as of 01.10.2020

Opening an account	free of charge
Fee for enhanced due diligence measures The fee will be paid before bank makes an account opening decision. The fee is not returned if the bank decides not to open the account. The fee will not be applied for each consecutive account opening.
Estonian legal persons with non-residents included as representatives or in the ownership structure	300 €
Legal persons from European Economic Area (excl. Cyprus, Luxembourg, Malta, Liechtenstein)	300 €
Legal persons from other states (incl. Cyprus, Luxembourg, Malta, Liechtenstein)	500 €
Legal persons whose field of activity includes: Provider of payment services, payment institution or E-money institution; producing/sales/purchase of weaponry or ammunition (excl. hunting associations, shooting ranges, sports clubs); gambling; currency exchange; production of military vehicles; transportation of cash; co-financing platforms; offering fast credit; mining.	500 €
Opening an account in banks of Swedbank Group
Opening an account in banks of Swedbank Group via Swedbank Estonia	200 € + courier service fee According to courier service provider.
Entry into additional contracts, amendments and specimen signature cards in a bank in the Swedbank Group via Swedbank Estonia For a customer of Swedbank Estonia whose account is with a Swedbank Group and for a customer of a Swedbank Group whose account is with Swedbank Estonia.	15€+ courier service fee According to courier service provider.
Sending identification tools and cards to banks in the Swedbank Group via Swedbank Estonia For a customer of Swedbank Estonia whose account is with a Swedbank Group and for a customer of a Swedbank Group whose account is with Swedbank Estonia.	15€ + courier service fee According to courier service provider.
Opening a start-up account	free of charge
Deposits	free of charge

Account information and handling

Effective as of 26.04.2021

Account statement from internet-bank	free of charge
Account statement from a branch Fee for the transmission of bank documents is added.	5 €
Monthly fee of Baltic Reports in internet-bank for business clients Baltic Reports means a daily consolidated report of the balance of funds on current and group accounts and in the overnight deposit opened in Swedbank (Estonia, Latvia, Lithuania) of a company or companies belonging to the same group.	13 €
Monthly fee of Baltic Reports for the customers of the group account module in internet-bank for business clients	6,40 €
Current account default interest rate	0.2% a day
Monthly fee for servicing a client
Fee for a legal person for whom regular enhanced due diligence measures are required due to geographical location, complicated ownership structure and/or field of activity. Applying the fee will be announced 30 days in advance. Fee is applied for legal persons: who are registered in Malta, Liechtenstein, Cyprus or outside the European Economic Area whose owners or beneficial owners include at least one person, who’s personal identification document has been issued in Malta, Liechtenstein, Cyprus or outside the European Economic Area and who is not a resident of Estonia; Person who does not have a passport or ID card or other identification document issued by the Republic of Estonia. whose structure includes at least one company that is registered in Malta, Liechtenstein, Cyprus or outside the European Economic Area; whose field of activity includes producing/sales/purchase of weaponry or ammunition (excl. hunting associations, shooting ranges, sports clubs); gambling; currency exchange; production of military vehicles; transportation of cash; co-financing platforms; offering fast credit; mining.	50 €
Account balance fee Account balance fee is presented as a percentage on a basis of year (360 days) and is equal to the respective currencies published by the central banks' interest rate. Account balance fee is calculated on the account balance at the end of a day (group account balance in case of group) and is rounded to two places after the decimal point. For calculating the fee, the total balance of all current accounts of the client in the given currency will be taken into account. Account balance fee calculated on current accounts is debited from account once a month not later than on the 10th day following the calculating month. Fee is not applied if the published central bank interest rate is 0 or positive. Application of fee will be announced 30 days ahead. In case account balance exceeds 1 000 000 EUR	ECB deposit facility rate

Group account

Effective as of 01.09.2015

Fees of a group account and members thereof
opening a group account	200 €
annual fee of a group account	190 €
opening a sub-group account	63 €
annual fee for a sub-group account	190 €
amendment of a group account agreement and a sub-group account agreement	25 €
monthly fee per group member account	12 €
Group administration and reporting service in channels
automatic intra-group zero balancing transfer between accounts in euros or a foreign currency	0,16 €
automatic intra-group interest transfer in euros and a foreign currency	0,16 €
monthly fee of the group account module in internet-bank for business clients	20 €

View full pricelist

If you need additional funds to start or grow a business, check out the different options for financing investments and working capital.

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.

Useful links

Contact details

The Corporate Client Consultation Centre is here to help you.

613 2222 (Monday-Friday 9:00-17:00)
ariklient@swedbank.ee

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