Banking in Estonia
Opening a bank account is rather simple in Estonia. You can do so at the nearest bank office; all you need is a personal identification document.
In addition to cash, debit and credit cards are accepted in most shops, restaurants and companies. Salary payments are usually made to a person’s bank account. The ATMs of the larger banks can be found in branch offices, petrol stations, larger supermarkets and other frequently visited places. Internet banking is very common, whereas cheques are seldom used in Estonia.
It is also advisable to learn about the conditions for closing the bank account, if needed, and take care of all the necessary procedures in time, as this may turn out to be rather complicated later, after leaving the country.
For short term stays in Estonia, please note that the banks have rather high fees for opening an account in case a person does not have a local ID (situation in 2016). In case you are asked to provide an Estonian bank account number for receiving your stipend or similar, please discuss the possible solutions with the contact person at your institution, if needed.
The three larger banks in Estonia for private customers are: