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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 without activation fee and first three months without monthly fee.
  • Save time and money through our partner offers.
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 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 01.10.2020
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 01.10.2020
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 and is rounded to two places after the decimal point. 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

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

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