Understanding Banking Options for E-Residents

2 min readSep 11, 2023

When it comes to banking, there isn’t a one-size-fits-all solution for every company or every e-resident.

The choice of banking provider depends on various factors, including location, business needs, and prior experience with payment institution services. E-residents have a range of options to choose from and can even switch accounts as their business grows or requirements change. The e-Residency program is dedicated to facilitating access to diverse business banking and financial tools, actively seeking the best solutions in the private sector.

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Choosing the Right Banking Solution

E-residents have the flexibility to select a combination of banking options or make changes in the future based on their evolving needs. Some start with a banking provider that offers an easily accessible online account to get their business up and running quickly. Later, they may transition to an account with enhanced functionality once their company warrants the investment or meets specific criteria. The e-Residency program encourages e-residents to provide feedback on services that work well for them, ensuring ongoing improvement in the available options.

Exploring Payment Institutions

Many e-residents find EU/EEA-based payment institutions or fintech companies to be the most…




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