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Banking in Estonia

Best banks in Estonia for expats & digital nomads

Opening a bank account is one of the first things you do after moving to Estonia. Here are the accounts that work for newcomers and non-residents, plus the fintech we would set up before you fly.

How to open a bank account in Estonia

Estonian banks generally require an Estonian personal identification code (isikukood) and proof of a genuine local connection, along with passport; e-residents and newcomers often face limits opening traditional accounts and commonly rely on Wise, LHV or Revolut. LHV is known for working with e-residents.

Our top pick

Wise multi-currency account

Wise is the option we recommend for almost anyone moving to Estonia: hold and convert 40+ currencies, get local account details to be paid like a local, and send money at the real exchange rate with low, transparent fees. It works before you even arrive, so you can receive income and pay deposits while your local account is still being set up.

Open a free Wise account →

Affiliate link: we may earn a commission at no cost to you. Wise is a fintech, not a bank; balances are safeguarded, not covered by deposit insurance.

Top banks in Estonia

Swedbank

traditional
largest bank in Estonia

Estonia's biggest retail bank; strong digital services in English.

SEB

traditional
everyday retail banking

Major Nordic-owned bank with wide coverage and English support.

LHV Pank

digital
English app, e-resident friendly

Largest Estonian-owned bank; among the more accessible options for e-residents.

Luminor Bank

traditional
Baltic-wide banking

Pan-Baltic bank formed from the Nordea and DNB Baltic operations.

Coop Pank

traditional
everyday retail banking

Estonian retail bank with a growing branch and digital network.

International accounts & neobanks

Revolut

Widely used in Estonia for spending, transfers and FX; EEA-wide operation.

N26

German-licensed mobile bank available to Estonia residents.

Bunq

Listed by bunq as available to Estonia residents; some earlier reports of restricted signups.

Payoneer

Payments platform for freelancers and e-residents receiving international payments; not a local current account.

Availability changes; confirm on each provider's site.

Next steps in Estonia

See the full Estonia tax, cost and visa profile, or compare Estonia with other destinations. Not sure where to go yet? Take the finder quiz.