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Accounts for investing

Start investing with Swedbank

With us, investing in securities (including shares and bonds) is extremely favourable for you, because:

  • opening an investment account and securities account is easy and costs nothing;
  • all Swedbank funds and securities up to €30,000 can be held in your account free of charge;
  • trading in Swedbank funds and Baltic shares is free of charge.

Which accounts should I open for investing?

Investment account + securities account

Recommended!

Only securities account

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 (20%) 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.

  1. 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.
  2. 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.
  3. 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.
  1. 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.
  2. You can conveniently open a securities account in our Internet bank.
  3. Congratulations, you're the owner of a new securities account and you can start investing!
  4. 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.
  • You can open a securities account for a child in our branches, please book a time.

Declaration using investment account and securities account

When using an investment account, you have to send an annual investment account report to the Estonian Tax and Customs Board. 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. The report has to be sent to the Estonian Tax and Customs Board even if you have not made any transactions.
  1. The easiest way to declare investment income is to complete an investment account report in the Internet Bank.
  2. Once you have completed your report, do not forget to send it to the Estonian Tax and Customs Board via the Internet Bank on the same report page.
  3. Next, when declaring your other income on the website of the Estonian Tax and Customs Board, also take a look at clause 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.

All cash deposits and withdrawals must be declared in the investment account report. If withdrawals exceed contributions, income tax of 20% 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 2022, you will need to indicate the transactions you made during the whole of 2021. The investment account report must be sent to the Estonian Tax and Customs Board even if no transactions have taken place.

In the Internet Bank, you need to fill in an investment account report. Once you have completed the report, please send it to the Estonian Tax and Customs Board via the Internet Bank.

If you are declaring your other income on the website of the Estonian Tax and Customs Board, please also take a look at clause 6.5 where you have to confirm that you have an investment account and verify that your report has been included in the declaration. Review also clause 6.1, so there aren’t any transactions added automatically – when using investment account, this clause has to be empty. If you have any problems, please contact the Estonian Tax and Customs Board.

Please also take a look at the Investment Account Guide of the Ministry of Finance (in Estonian) and the information sheet of the Estonian Tax and Customs Board.

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 reflected in the e-service of the Estonian Tax and Customs Board in the income declaration period in sections 6.1 (income received in Estonia) and 8.2 (income received abroad) of the tax return. If your securities account has simply been unused for the entire year and no transactions have taken place, you have no obligation to declare anything. You have to declare your income to the Estonia Tax and Customs Board together with other income.

If you have transferred (sold) securities in the previous calendar year, you must submit the acquisition price and cost of the transferred securities (e.g. shares, fund units, bonds) and the transfer price and cost. The difference between the acquisition price (plus acquisition cost) and the transfer price (minus disposal cost) is either the gain or loss on transfer of the securities. You can find the acquisition price in the securities account statement or in the realised profit report.

Losses 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. Losses and profits are always declared in the period following the end of the taxation period, which is the year after the transactions were performed.

If you have exchanged investment units between funds managed by the same management company, you do not have to pay income tax if no payouts have been made.

In the Internet Bank, you can view the data you need to complete sections 6.1 and 8.2 of the tax return in the e-service of the Estonian Tax and Customs Board. To this end, please view the securities account statement and the realised profit report.

In the Estonian Tax and Customs Board e-service, take a look at clauses 5.1, 7.1, 8.1 and 8.8 in your declaration and fill in if needed.

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

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 01.07.2022
Securities Account
Internet bank free of charge
Branch office free of charge
Joint securities account 65 €

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 to 20% 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 9,90 €
Russia 0,30%, min 125 €
Shares and ETF-s Branch office Via brokerage
Estonia 0,2%, min 50 € 0,2%, min 50 €
Latvia 0,2%, min 50 € 0,2%, min 50 €
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
Russia 0,3%, min 150 € 0,3%, min 150 USD
Bulgaria 0,6%, min 50 € 0,6%, min 150 BGN
Bonds Internet bank Branch office Via brokerage
Estonia 0,2%, min 3 € - 0,2%, min 50 €
Latvia 0,2%, min 3 € - 0,2%, min 50 €
Lithuania 0,2%, min 3 € - 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 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.

 
  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
Other transactions based on bailiff’s instructions transaction fee
Subscription to a new issue / Participating in an offer transaction fee

Monthly Securities Safekeeping Fees
  • Safekeeping fees are subject to 20% 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 of Depositary Receipts (ADR, GDR) is subject to the respective DR Agent’s fees in addition to safekeeping fee.
  • Safekeeping on other countries is subject to prior agreement with the Bank.
  • Other investments: Austria, Belgium, Canada, Estonia, France, Germany, Ireland, Italy, Latvia, Lithuania, Netherlands, Portugal, Spain, Switzerland, UK, USA, Depositary Receipts, Poland, Czech, Hungary, Bulgaria, Serbia, Russia, foreign funds

 
Swedbank Group funds free of charge
Other investments, equities, bonds
Up to 30 000 € free of charge
From the value above 30 000 € 0,008%, max 8 €

Other Services
  • Fees for other services are subject to 20% 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.

Participation in general shareholder’s meeting subject to prior agreement
Tax reclaim subject to prior agreement
Tax relief at source subject to prior agreement

Our blog

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

Read

The podcast of 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.

Book a time

Investment school, tutorial videos and other useful information

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

Which saving and investment solutions suit you?

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