To open a bank account, you are welcome to visit any branch of a bank. Opening of a bank account is free of charge for an European Union (including Norway, Iceland, Liechtenstein, Switzerland) resident. There is a fee for opening a bank account if you are not an EU resident.
Please be aware that you can not open a bank account by yourself if you are younger than 18 years.
If you are a student and wish to prove your status and receive benefits such as student discount you are advised to apply for an International Student Identity (ISIC) card. To receive an ISIC card you must open a bank account with Swedbank or SEB.
Be prepared that the decision to open an account may take 10 working days. Bank informs you about the decision via channel you have chosen – by phone or by e-mail. If the answer is positive the bank asks you to come to the same branch to open a bank account within 30 days from the notice. Please take the original document with you when you go to apply for the account – for instance residence permit card, employment contract, school certificate, marriage certificate.
When you open an account pay attention to the service fees and charges. Information about prices can be found at the website of each bank or in the bank offices.
- LHV Pank: Ülikooli 2a, opening hours: Mon-Fri 8-17, https://www.lhv.ee/registration/cob/index.cfm?l3=en
- Luminor Pank: Kaluri 2, opening hours: Mon-Fri 9-17, https://info.luminor.ee/en/forms/open-an-account/
- SEB Pank: Ülikooli 2, opening hours: Mon-Fri 9-17, https://www.seb.ee/eng/new-client
- Swedbank: Turu 1, opening hours: Mon-Fri 9-17,
- Coop Pank: Ülikooli 4, opening hours: Mon-Fri 9-17, https://www.cooppank.ee/en/become-client
In addition to banks there are many different possibilities online and apps to make money transfers. Feel free to google for more information or ask your friends for recommendations and feedback.