Estonia — Banking: Best Banks

Why this matters

Relocating to Estonia requires understanding the country's banking system to set up a bank account, manage finances, and navigate daily transactions.

Key facts

• Opening a Bank Account is free of charge or varies by bank

Steps

1. Choosing a Bank in Estonia — Relocating individuals should research and compare different banks in Estonia, considering factors such as online services, fees, and customer support. It is recommended to open an account with a bank that offers a mobile app and digital payment services.
2. Setting Up a Bank Account — To set up a bank account in Estonia, individuals typically need to provide identification documents, such as a passport or ID card, and proof of address. Some banks may require additional documentation or information.

Costs

• Opening a Bank Account: Varies by bank

Timelines

• Opening a Bank Account: Varies by bank

Required documents

• Passport or ID card
• Proof of address

Common mistakes

• Not researching and comparing different banks before opening an account
• Not understanding the fees and requirements for a bank account in Estonia