Accounts for investing

Opening accounts for investing is simple and free of charge

Holding a portfolio in a bank can indeed be convenient and beneficial.

Opening investment account and securities account is free of charge.
Transactions with Baltic securities (stocks, bonds, etc.) and Robur funds are free for you. Holding them is also free regardless of the amount.
Transaction fees for securities outside the Baltic countries (such as Europe, USA, etc.) start at 9.903.90 euros. Holding them up to a value of 100,000 euros is also free.

Which accounts should I open for investing?

	Investment account + securities account Recommended! Free of charge	Only securities account Free of charge
A useful choice, also for the beginner investor
Investments are conveniently separated from your daily transactions
Income from investments is subject to declaration
All profits are subject to declaration next year and income tax has to be paid
You can defer income tax and re-invest your profits tax-free
Filling in your annual tax return is convenient and easy By using the investment account report, which sends the information to the Estonian Tax and Customs Board on your behalf.

Securities account can be opened also for children, without visiting a branch.

Open a securities account for child

An investment account is a current account that holds money you use to make transactions in securities (e.g. shares, funds).
With us, your investment account is free of charge.
You can hold any currency in the investment account and use it to perform transactions as well. One person can have more than one investment account.
The investment account allows you to defer your income tax liability if you acquire securities for the money in the investment account and the amount gained from the sales of securities is immediately transferred to the investment account. To defer income tax liability, you need to declare your investments annually. For that, you can use the investment account report.

Read more about declaring your investment account here.

Open a new current account in the Internet Bank and name it the ‘investment account’. That way, you will always know which account is for investing.
Then open a securities account in the Internet Bank as well. If you already have a securities account and you would like to open an investment account, please call us at 613 1606.
The investment account and the securities account must be linked, as transactions cannot be made without a securities account.

To start investing, you need a securities account to purchase and sell securities.
In a securities account, you can hold various securities, such as shares, funds, and bonds, instead of cash.
When you open a securities account, you need to choose a specific current account, which will hold the money you sell and purchase securities for, and from which fees will be deducted. We recommend using an investment account as the current account.

Before opening a securities account, it is reasonable for you to also open an investment account – this way you can conveniently link them when opening a securities account. When using an investment account, you only pay income tax once your payouts are bigger than contributions.
You can conveniently open a securities account in our Internet bank.
Congratulations, you're the owner of a new securities account and you can start investing!
You can always keep an eye on your securities portfolio and stock market in the Internet bank.

You can collect money on your own or child’s securities account.
Using your own account, you are in full control and the process is simple: you simply need an additional securities account.
In case of using a child’s account, the child will gain full control on 18th birthday. There are restrictions to using the money until that as well.

Declaration using investment account and securities account

When using an investment account, you have to send an investment account report to the Estonian Tax and Customs Board each year. In the investment account report, you report the amounts you have deposited and withdrawn during the calendar year. This has to be done each year during the income declaration period.

Please create the report even if nothing happened on your account previous year (i.e. you haven't added or withdrawn money or bought/sold securities or received dividends). This is important for consistency. But in that case you do not need to send the report to the Tax and Customs Board. Instead, tick the I part of clause 6.5 in the declaration to indicate that you are still using your investment account but there are no transactions.

Start the declaring of your investments by creating an investment account report in the Internet Bank. Do not go and check your declaration in the Tax and Customs board page before doing that. If you do so, your declaration will be unfinished and all necessary data may not get to the declaration without doing any additional clicks.
Once you have filled in the report, send it to the Tax and Customs Board via the Internet Bank (on the same report page).
Go to the Tax and Customs Board page to declare your other income.
When declaring your other income, take a look at section 6.5 where you have to confirm that you have an investment account and where you should see the money you have deposited to and withdrawn from your investment account.
How and what to declare exactly, read from the next question “What has to be declared?”

All cash deposits and withdrawals must be declared in the investment account report. If withdrawals exceed contributions, income tax is payable on the excess amount.

The report must reflect all the amounts you have deposited to or withdrawn from the account during the previous calendar year. For example, if you fill in an investment account report in 2026, you will need to indicate the transactions you made during the whole of 2025.

If you have received dividends, please do the following.

Mark all Estonian dividends in your investment account report as contributions. They are automatically included in your income tax return under 5.1 and 7.1 and cannot be deleted.
Untaxed dividends received from abroad must be marked in the investment account report as transaction with financial assets. You do not need to add them to the declaration separately.
Taxed dividends received from abroad must be marked in the investment account report as contributions. In your income tax return they must be manually included under 8.8.
You can find necessary information by opening the statement of your investment account linked to the securities account. To do this, we recommend you use the search: tick the box ‘payee/payer and explanation’ and enter ‘dividend’ in the search box.

If you have received interest from bonds, please do the following.

Taxed interest from Estonian bonds must be marked in the investment account report as contribution. In the income tax return they are automatically under item 5.1.
Untaxed interest from Estonian bonds must be marked in the investment account report as transaction with financial assets. No need to add them to the declaration separately. You can get untaxed interest if you have previously notified the emitent that you are using the investment account system and would like to postpone paying the income tax.
Taxed interest from abroad must be marked in the investment account report as contribution. They must also be marked in the income tax return under item 8.1.
You can find necessary information by opening the statement your investment account. To do this, we recommend to use the search: tick the box “payee/payer and explanation” and enter “dividend”, “interest” or “coupon” in the search box (or in Estonian: “intress”, “kupong”).

Country of issuer	Dividends	Interest from bonds
Estonia	Mark in investment account report as contribution. Automatically included in your income tax return under 5.1 and 7.1 and cannot be deleted.	Mark taxed interest in the report as contribution. In the income tax return they are automatically under item 5.1. Mark untaxed interest in the report as transaction with financial assets. No need to add to the declaration.
Abroad	Mark taxed dividends in the report as contribution and manually add to your income tax return under item 8.8. Mark untaxed dividends in the report as transaction with financial assets. No need to add them to the declaration.	Mark taxed interest in the report as contribution and manually add them to your income tax return under item 8.1.

Dividends

Interest from bonds

Estonia

Mark in investment account report as contribution.
Automatically included in your income tax return under 5.1 and 7.1 and cannot be deleted.

Mark taxed interest in the report as contribution. In the income tax return they are automatically under item 5.1.

Mark untaxed interest in the report as transaction with financial assets. No need to add to the declaration.

Abroad

Mark taxed dividends in the report as contribution and manually add to your income tax return under item 8.8.

Mark untaxed dividends in the report as transaction with financial assets. No need to add them to the declaration.

Mark taxed interest in the report as contribution and manually add them to your income tax return under item 8.1.

Yes, create the report even if nothing happened on your investment account previous year (i.e. you haven't added or withdrawn money or bought/sold securities or received dividends). This is important for consistency. But in that case, you do not need to send the report to the Tax and Customs Board. Instead, in the declaration tick the box in clause 6.5 I part, to indicate, that you are still using your investment account but there are no transactions.

In the Internet Bank, you need to fill in an investment account report. Once the report is ready, send it to the Tax and Customs Board via the Internet Bank.

On the Tax and Customs Board page, you will complete your income tax return. If you are declaring other income on the website of the Tax and Customs Board, take a look also at section 6.5 where you have to confirm that you have an investment account and make sure that your report has been included in the tax return. Please also make sure that no transactions are automatically included in sections 6.1 and 8.2 – those fields must be empty when using an investment account. If you have any concerns, please contact the Tax and Customs Board.

If you have received dividends, please do the following.

Mark all Estonian dividends in your investment account report as contributions. They are automatically included in your income tax return under 5.1 and 7.1 and cannot be deleted.
Untaxed dividends received from abroad must be marked in the investment account report as transaction with financial assets. You do not need to add them to the declaration separately.
Taxed dividends received from abroad must be marked in the investment account report as contributions. In your income tax return they must be manually included under 8.8.
You can find necessary information by opening the statement of your investment account linked to the securities account. To do this, we recommend you use the search: tick the box ‘payee/payer and explanation’ and enter ‘dividend’ in the search box.

If you have received interest from bonds, please do the following.

Taxed interest from Estonian bonds must be marked in the investment account report as contribution. In the income tax return they are automatically under item 5.1.
Untaxed interest from Estonian bonds must be marked in the investment account report as transaction with financial assets. No need to add them to the declaration separately. You can get untaxed interest if you have previously notified the emitent that you are using the investment account system and would like to postpone paying the income tax.
Taxed interest from abroad must be marked in the investment account report as contribution. They must also be marked in the income tax return under item 8.1.
You can find necessary information by opening the statement your investment account. To do this, we recommend to use the search: tick the box “payee/payer and explanation” and enter “dividend”, “interest” or “coupon” in the search box (or in Estonian: “intress”, “kupong”).

Country of issuer	Dividends	Interest from bonds
Estonia	Mark in investment account report as contribution. Automatically included in your income tax return under 5.1 and 7.1 and cannot be deleted.	Mark taxed interest in the report as contribution. In the income tax return they are automatically under item 5.1. Mark untaxed interest in the report as transaction with financial assets. No need to add to the declaration.
Abroad	Mark taxed dividends in the report as contribution and manually add to your income tax return under item 8.8. Mark untaxed dividends in the report as transaction with financial assets. No need to add them to the declaration.	Mark taxed interest in the report as contribution and manually add them to your income tax return under item 8.1.

Dividends

Interest from bonds

Estonia

Mark in investment account report as contribution.
Automatically included in your income tax return under 5.1 and 7.1 and cannot be deleted.

Mark taxed interest in the report as contribution. In the income tax return they are automatically under item 5.1.

Mark untaxed interest in the report as transaction with financial assets. No need to add to the declaration.

Abroad

Mark taxed dividends in the report as contribution and manually add to your income tax return under item 8.8.

Mark untaxed dividends in the report as transaction with financial assets. No need to add them to the declaration.

Mark taxed interest in the report as contribution and manually add them to your income tax return under item 8.1.

If you sent your report to the Tax and Customs Board but cannot see the information in your declaration, then do the following. Find the II part of the clause 6.5 and click on the button “Data of the ETCB”. After confirming that you would like to have the data of ETCB in your declaration, your investment account transactions will be shown. The reason they did not appear in the first place was that you probably already before had gone and checked your income tax report. Therefore the declaration was in the “unfinished” status and new investment report data did not show up there. This is the reason we recommend to create the investment account in the Internet Bank first, send it to the Tax and Customs Board, and only after that go and see your full income tax declaration. By doing so, the declaration will not have the status „unfinished“ and all data will appear.

Similar thing can happen in the I part of clause 6.5. If in the previous year you started using an investment account in another bank or investment platform, and sent this information about your other investment account to the Tax and Customs Board for the first time, you may need to make some additional clicks. That happens when you went to view your declaration before you sent your investment account information to the declaration. To make the new investment account information appear in the declaration, click on clause 6.5 (I part) button “Data of the ETCB”. Then the information about your additional investment account will be shown.

Declaration using securities account only

If you only use a securities account, you only need to declare income if you have sold securities in the previous calendar year. These must be reported on the page of the Tax and Customs Board during the declaration period in sections 6.1 (income received in Estonia) and 8.2 (income received abroad).

If your securities account has simply been unused for the entire year and you have made no transactions, there is also no obligation to report, except for foreign dividends and foreign interest from bonds (which you can report in sections 8.1 and 8.8). Dividends received from Estonian companies are added to the income tax return automatically in sections 5.1 and 7.1.

You have to declare your income to the Tax and Customs Board together with all other income.

If you have transferred (sold) securities in the previous calendar year, you must submit the cost, transfer costs and sales or market price (the ’transfer price’) of the transferred securities (e.g. shares, fund units, bonds). The difference between the cost (plus acquisition cost) and the transfer price (less transfer costs) is either the gain or loss on transfer of the securities. You can find the cost and other important information on the ‘My data’ page.

Loss on the transfer of securities in the same or previous periods may be deducted from the profit on transfer only if they do not exceed the profit. If the loss on the transfer of securities exceeds the profit, the loss may be carried forward to subsequent tax periods and deducted from future profits on transfer. Loss and profit are always reported in the period following the end of the taxation period, which is the year after the transactions took place.

Starting from 2024 you can also declare the securities account safekeeping fees. This reduces your profit. In Swedbank the safekeeping fee will be taken when you have 100 000 euros or more worth of securities on your securities account. This only applies to foreign securities. If you only hold Robur funds or Baltic stocks in your securities account, there is no safekeeping fee, no matter the sum.

If, during the year, you have exchanged a fund, while staying with the same management company, you do not have to pay income tax if no payouts have been made during the transfer.

If you have received dividends, Estonian dividends are automatically included in your income tax return under 5.1 and 7.1 and cannot be deleted. Dividends received from abroad must be manually included in items 8.1 (untaxed dividend) or 8.8 (taxed dividend). You can find this information by opening the statement of the current account or investment account linked to the securities account. To do this, we recommend you use the search: tick the box ‘payee/payer and explanation’ and enter ‘dividend’ in the search box.

If you have received taxed interest on Estonian or foreign bonds, you also need to declare those. Taxed interest on Estonian bonds are automatically included in your income tax return under 5.1, but foreign taxed interest must be manually included in item 8.1. You can find this information by opening the statement of the current account linked to the securities account. To do this, we recommend you use the search: tick the box “payee/payer and explanation” and enter “interest” or “coupon” (or in Estonian: “intress”, “kupong”) in the search box.

In the Internet Bank, you can view the data you need to complete sections 6.1 and 8.2 of the income tax return on the page of the Tax and Customs Board. To do this, you can find the necessary information on the page ‘My data’. In section 6.1 you can also add the securities account safekeeping fees, if you have paid it in the previous year.

On the Tax and Customs Board page, you will complete the income tax return. In the tax return, please review and, if necessary, complete also sections 5.1, 7.1, 8.1 and 8.8 of dividends and interest. You will find information on dividends and interests when you open the statement of the current account related to the securities account in the Internet Bank. For this purpose, we recommend using the search: tick the ‘beneficiary/remitter and explanation’ box and type the word „dividend“, „interest“ or „coupon“ in the search window (in Estonian: „intress“, „kupong“).

More information is available on the information sheet of the Estonian Tax and Customs Board.

Frequently asked questions

Since 2011, Estonia has two parallel systems for the taxation of private individuals’ investment income:

the ordinary system (if you only use a securities account), under which all securities sales transactions must be reported;
the investment account system (if you use a securities account and a current account designated for investing), under which only cash deposits and withdrawals made on the account must be reported.

You can also declare income from securities under both systems.

If you use the ordinary system, all securities sales transactions made during the year will be declared. Income tax liability arises when you have made a profit on all your sales. Income tax must be paid under the tax return to be submitted in the following year (e.g. on the profit from the sale made in 2025, income tax must be paid on the basis of a return to be submitted in 2026). However, if you make a loss for the year, you can carry it over to the next year. Under the ordinary system, you can deduct service fees from the realised income, but not administration fees.

When you use the investment account system you declare deposits and withdrawals of funds made to a bank account designated as the investment account, not the securities transactions. You can also use several investment accounts with several banks at the same time. A tax liability only arises if the total of the payouts made from all investment accounts exceeds the total of the contributions made to all investment accounts.

Generally, profit or loss can arise in two ways.

When selling securities:
Profit or loss = sales price – cost of sales – acquisition cost
When exchanging securities:
Profit or loss = acquisition cost of the security to be exchanged – market price of the security received upon exchange

The acquisition cost is considered to be all documented costs incurred by the investor to acquire the asset.

The FIFO method (first bought is sold first) or the weighted average method is used to calculate the acquisition cost of securities of the same name acquired at different prices and at different times. Losses on securities of the same or previous years can be deducted from the profit from a securities transaction. Losses can be carried forward indefinitely, but cannot be inherited, given as a gift, sold, etc.

No, you do not have to declare these exchanges or pay income tax when making the switch.

You invest in the investment account system

If you started using the investment account in 2025 and have made transactions in Nasdaq Baltic using your investment account, the data in the declaration under sections 6.1 (Estonia) and 8.2 (Latvia, Lithuania) is pre-filled and you need to erase that.

New! If you have previously (2024 or ealier) declared your investment account at the Tax and Customs Board, and you have also made transactions from this same investment account in 2025 with Nasdaq Baltic stocks or bonds, those transactions are no longer pre-filled in section 6.1 and 8.2. This new rule applies starting from tax declaration 2025.

Important! In your investment account report, all the buy and sell transactions must be marked as transactions with financial assets.

You invest using only the securities account

If you have made transactions in Nasdaq Baltic you will have sections 6.1 (Estonia) and 8.2 (Latvia, Lithuania) pre-filled in your declaration. You just need to add the buy-fee.

An investment account is a current account used exclusively for investments and transactions with financial assets.

If you happen to make a single transfer from your investment account, for example, when paying online, there is nothing to worry about. When completing the investment account report in the future, mark this transaction as just a payout. If, for example, someone accidentally transfers funds to your investment account, mark it as a contribution in the investment account report. The report must normally be sent to the Tax and Customs Board during the income declaration period. In the future, just try to be more attentive.

Everything is okay, you can send the investment account report also afterwards. To do this, please contact the Tax and Customs Board.

Unfortunately, you can no longer change it. For help, contact us by calling +372 613 1606 (weekdays from 9.00-17.00).

An investor can have several securities accounts with the same bank or with different banks.

If you use an investment account with a securities account, fill in the investment account report in each bank separately and submit it to the Tax and Customs Board.

If you only use a securities account, these transactions will be recorded in the Tax and Customs Board’s tax return under sections 6.1 and 8.2. In this case, make sure that the transactions made with all banks are recorded correctly.

In case you have received dividends or interest, do not forget to fill in sections 5.1, 7.1, 8.1, and 8.8.

Declaring income on behalf of a child depends on the child’s age; whether they have Internet Bank; and whether you only use a securities account or also an investment account to invest on their behalf.

If you use an investment account and a securities account to invest on behalf of your child:

the child is up to 5 years of age (incl.) or does not have an Internet Bank: declare the contributions and payments manually on the page of the Tax and Customs Board using the statement of your child’s investment account.
the child is at least 6 years of age and has an Internet Bank: generate an investment account report in the Internet Bank and send it to the Tax and Customs Board, then confirm it with the Tax and Customs Board and submit an income tax return there on behalf of the child.

If you only use a securities account to invest on behalf of your child:

the child is up to 5 years of age (incl.) or does not have an Internet Bank: declare all sales transactions manually on the page of the Tax and Customs Board using the statement of the child’s securities account.
the child is at least 6 years of age and has an Internet Bank: transaction data is generated in the child’s Internet Bank on the „My data“ page and you can use the data when filling in the income tax return on the page of the Tax and Customs Board.

The child cannot submit the tax return, but this must be done by the child’s parent or guardian on the page of the Tax and Customs Board.

If you have received dividends, they must in any case be shown in the income tax return.

Estonian dividends

Dividends are added to the income tax return automatically (sections 5.1 and 7.1).
These may not be deleted from the tax return (even, if you use the investment account system).
These will be included in annual income.

Dividends received from abroad

When using the ordinary system, dividends received from abroad must be added manually to the tax return: taxed dividend under section 8.8, untaxed dividend under 8.1.
When using investment account system, untaxed dividends received from abroad must be marked in Investment account report as transaction with financial asset. Taxed dividends received from abroad must be added manually to the tax return under section 8.8 and marked in Investment account report as contribution.

You will find necessary information about dividends from the statement of the current account related to the securities account, i.e. the investment account statement in the Internet Bank. For this purpose, we recommend using the search: tick the ‘beneficiary/remitter and explanation’ box and type the word ‘dividend’ in the search window.

Foreign dividends are either tax exempt in Estonia (if the profit or dividend is paid abroad) or taxed. In any case, foreign dividends must always be declared.

If you use an investment account in addition to a securities account, dividends received will be reflected in your investment account report. In the explanation line, you can see the ISIN code of the security, the name, the dividends, and the amount of income tax withheld. If income tax has not been withheld, the amount of income tax at the end of the explanation is 0 and the line should be reported as a transaction with a financial asset.

If income tax has been withheld, i.e., there is a non-zero figure at the end of the explanation, the line should be entered as a contribution.

This material has been prepared for information purposes only. Swedbank does not provide legal or tax advice. Please consult legal or tax advisers before taking further steps.

Terms and conditions of providing investment services and other useful investor information

Further information on payable and paid charges is available from the Bank.
If the Bank is obliged to pay taxes, fees, interest, penalties or incur other costs (that are not covered in the Bank’s price list below) for the provision of securities safekeeping and transaction services to the Client, the Bank shall have the right to debit such amounts from the Client’s Current Account without Client consent.

Account opening

Effective as of 01.07.2025 Effective as of 01.12.2025

Securities Account
Internet bank	free of charge
Branch office	free of charge

Account closing

All securities account types	free of charge

Account statements

Bank account statements available free of charge from internet bank.

Statement fees are subject VAT.

For accounts opened with Estonian register of securities, account opening statement and statements of holdings and transactions for securities registered with the register are available at daily weekly, monthly, quarterly and annual frequency. Periodic statements are available free of charge at Nasdaq CSD Estonian branch Estonia webpage.

Bank statements
Securities account statement of holdings / transactions from branch office	2 €
Copy of transaction instruction	2 €
Nasdaq CSD Estonian branch statements	2 €

Trading of equities, bonds and Exchange Traded Fund (ETF) shares

Percentage based trading fees calculated from trade amount, in certain cases transaction fee will be added.

Trading fee is charged in trading currency based on the Bank’s exchange rates.

Trading via brokerage is subject to the Master Agreement for Financial Transactions. Information on the agreement is available from the Bank.

Trading orders transmitted to the Bank can be cancelled until executed.

In case the order is not executed in full during a single trading day, the trading fee (including minimum trading fee) for partial order execution is charged in full for each trading day when part of the order is executed.

On certain markets, minimum transaction amounts may apply.

A stamp duty of 0,5% of transaction amount on buying UK securities and 1% on buying Irish securities is added to the transaction charges. In certain events, a higher rate (1,5%), a bonus rate or tax exemption may apply for UK securities.

If purchase transactions are subject to FTT according to local market regulations (e.g. France, Italy, Spain and Hungary), such tax is added to the transaction charges.

Exchange traded funds (ETFs) are treated as shares.

Trading via Swedbank brokerage on other markets is subject to prior agreement with the Bank.

Shares and ETF-s	Securities account in internet bank
Estonia, Latvia, Lithuania	free of charge
Sweden, Finland, Denmark, Norway, USA, Germany, UK, Canada, Netherlands, France, Belgium, Ireland, Italy, Portugal, Spain, Switzerland, Austria, Poland, Hungary, Czech	0,14%, min 3,90 €

Shares and ETF-s	Branch office	Via brokerage
Estonia, Latvia, Lithuania	0,2%, min 50 €	0,2%, min 50 €
Sweden	0,2%, min 50 €	0,2%, min 500 SEK
Finland	0,2%, min 50 €	0,2%, min 50 €
Denmark	0,2%, min 50 €	0,2%, min 400 DKK
Norway	0,2%, min 50 €	0,2%, min 400 NOK
USA	0,2%, min 50 €	0,2%, min 50 USD
Germany	0,2%, min 50 €	0,2%, min 50 €
UK (London SE)	0,2%, min 50 €	0,2%, min 50 GBP
UK London International (Russian and other GDRs)	0,2%, min 50 €	0,2%, min 50 USD
Canada	0,2%, min 50 €	0,2%, min 50 CAD
Netherlands	0,2%, min 50 €	0,2%, min 50 €
France	0,2%, min 50 €	0,2%, min 50 €
Belgium	0,2%, min 50 €	0,2%, min 50 €
Ireland	0,2%, min 50 €	0,2%, min 50 €
Italy	0,2%, min 50 €	0,2%, min 50 €
Portugal	0,2%, min 50 €	0,2%, min 50 €
Spain	0,2%, min 50 €	0,2%, min 50 €
Switzerland	0,2%, min 50 €	0,2%, min 50 CHF
Austria	0,25%, min 50 €	0,25%, min 50 €
Poland	0,25%, min 50 €	0,25%, min 200 PLN
Hungary	0,25%, min 50 €	0,25%, min 15000 HUF
Czech	0,25%, min 50 €	0,25%, min 1300 CZK
Bulgaria	0,6%, min 50 €	0,6%, min 150 BGN	0,6%, min 75 €

Bonds	Internet bank	Via brokerage
Estonia	0,2%, min 3 €	0,2%, min 50 €
Latvia, Lithuania	-	0,2%, min 50 €
Trading in bonds in all other applicable markets via Swedbank brokerage	-	0,5%, min 50 €
Transaction fee (all instruments)	included in trading fee	3€ Baltic markets 4€ other markets

Transactions with investment fund units

Percentage based fees calculated from trade amount.

Fund orders submitted to the Bank cannot be cancelled.

Fund switch subject to the conditions specified in the fund terms, fee charged only on sell transaction.

Foreign fund transaction fee includes standard settlement fees charged by the Bank’s Custodians.

Other Estonian funds – subscription and redemption fee may be added subject to fund terms.

Fond	Subscription	Regular investment	Redemption	Switch
Swedbank Group funds	free of charge	free of charge	free of charge	free of charge
Other foreign fixed income funds
Franklin Templeton funds	0,5% + 7 €	0,5%, min 0,75 €	7 €	7 €
Funds managed by other management companies	0,5% + 21 €	-	21 €	21 €
Other foreign equity and mixed funds
Franklin Templeton funds	1% + 7 €	1%, min 0,75 €	1% + 7 €	7 €
Funds managed by other management companies	1% + 21 €	-	1% + 21 €	21 €
Other Estonian funds	1,5 €	0,75 €	5 €	5 €

Other transactions with Estonian securities and fund units Fees charged from both parties of the transaction.

Free of payment transaction	4,8 €
Against payment transaction	3,2 €
Pledge registration / amendment / appropriation	15 €
Transfer of pledged securities	30 €
Pledge release	free of charge

Other transactions with foreign securities and foreign funds

Fees charged from both parties of the transaction.

Bank internal transactions are transactions between the securities accounts of the Bank’s clients.

Transaction fee includes standard settlement fees charged by the Bank’s Custodians.

Bank internal transactions	6 €
Bank external transaction
Latvia, Lithuania	10 €
Belgium, Canada, Denmark, Eurobond, Finland, France, Germany, Ireland, Netherlands, Norway, Sweden, UK, USA	15 €
Austria, Czech Republic, Hungary, Italy, Poland, Portugal, Spain, Switzerland	25 €
Bulgaria, Russia	45 €
Foreign funds	45 €

Other transaction fees Cancellation is allowed if instruction is not yet processed by the Bank.
Transaction cancellation	Transaction fee for the securities of the respective market
Other transactions based on bailiff’s instructions	Transaction fee for the securities of the respective market
Subscription to a new issue / Participating in an offer	Transaction fee for the securities of the respective market

Monthly Securities Safekeeping Fees

Safekeeping fees are subject VAT. VAT exemption applies if client safekeeps only units or shares of investment funds specified in the Investment Funds Act or investment/ exchange traded funds of the EEA member state.

Safekeeping fee is calculated based on the portfolio value on the last date of the calendar month. Securities are priced according to month end prices of the Bank’s local agents, market price or nominal value. Bonds are priced at nominal value. Fees are debited on the 20th or later date of the following month from the Client’s current account linked to the securities account.

ETF safekeeping fee equals to the safekeeping fee of its trading country.

Safekeeping on other countries is subject to prior agreement with the Bank.

Other investments: Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK, USA, Depositary Receipts, Poland, Czech, Hungary, Bulgaria, Russia, foreign funds

Swedbank Group funds	free of charge
Estonia, Latvia, Lithuania	free of charge
Other investments, equities, bonds
Up to 100 000 €	free of charge
From the value above 100 000 €	0,008%, max 8 €
Safekeeping of Depositary Receipts (ADR, GDR) is subject to the respective DR Agent’s fees in addition to safekeeping fee.

Other Services

Fees for other services are subject VAT.

Tax relief at source / tax reclaim and general meeting services are subject to availability on each specific market.

Maintenance fee is charged in addition to monthly securities safekeeping fee. Actual cost amount depends on the costs of service on each specific market.

Tax reclaim fee will be debited as soon as the tax reclaim application is submitted by the client. The fee will be debited from clients cash Account which is linked to securities account. The fee will not be refunded in case the application is denied by third parties.

Mandatory corporate actions	free of charge
Participation through the bank / representing a client at a general meeting	120 € + actual costs
Processing of electronic voting instructions at general meeting	50 € + actual costs
Other corporate action	subject to prior agreement
Tax reclaim	60 € + actual costs
Tax relief at source	free of charge

Our blog

If interested in investing, we advise you to keep an eye on our blog (available in Estonian and Russian).

Read

Podcast "Investeerimisjutud"

Listen to the weekly podcast of Investeerimisjutud (available in Estonian), where we talk about what’s happening on financial markets.

Listen the podcast

Book a consultation

If you have any questions related to investing, we are always there for you.

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New!

Micro Invest

Investing is completely effortless. Your investments will be automatically topped up with a small amount from each card payment. Read more

For beginner investors

Investment school, tutorial videos and other useful information Read more

My Portfolio

My Portfolio gives you a good overview of how your investments are doing. Read more

Investment advice

Which saving and investment solutions suit you? Read more