Guide to Business Banking Options as an E-Resident

Explore the best banking solutions for your Estonian business — traditional banks, EU institutions, or fintech providers.

As an e-resident in Estonia, your business needs a bank account that not only meets your operational requirements but also aligns with your strategic goals. Whether you’re just starting your entrepreneurial journey or expanding globally, here’s a guide to help you navigate the available options and choose the right fit for your needs.

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1. Estonian Bank Accounts: Local Credibility and Integration

Opening a business account with a traditional Estonian bank can provide your company with a solid foundation in Estonia. The key benefits include:

• Estonian IBANs: Boost your credibility with local partners and clients, facilitating smoother transactions.
• Access to loans and credit: Establish relationships with local banks to unlock financial support tailored to your business.
• e-Residency integration: Seamless access to your account using your e-Residency card and Estonian e-services.

However, there are challenges to consider:

• Connection requirements: Banks often require a significant Estonian connection, which might be hard to prove…