Estonian startups, often OU companies formed through e-Residency, value fast remote onboarding, low fixed costs and multi currency support. Wise Business and Revolut Business open quickly online, while a traditional bank such as LHV becomes relevant once the company raises funds or builds local substance.
Suits startups best
Depends on speed, cost and whether you have local ties.
Typical monthly fee
EUR 0 to about EUR 35 a month with fintechs, as of 1 February 2026.
Non resident position
Possible with EEA fintechs that onboard remotely. Verify with the provider.
Providers that fit
3 covered here, more in the market
Fees and features as of 1 February 2026Last reviewed 1 February 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
An early stage Estonian startup usually wants to open an account fast, keep fixed costs low and handle customers and suppliers in several currencies. Wise Business has no monthly fee and strong multi currency support, while Revolut Business adds cards, expense management and an API on tiered plans. Payoneer suits collecting from platforms. As the company raises money or builds local substance, a traditional Estonian bank such as LHV can add a full local IBAN. Figures shown as of 1 February 2026.
What startups in Estonia need from a business account
A new company needs to open quickly, often remotely, and keep costs predictable while revenue is small. Multi user access for founders and an accountant, cards with expense controls, multi currency receiving and clean export to accounting all matter early. Many Estonian startups are foreign owned and formed through e-Residency, so remote onboarding is decisive. Investor due diligence and payroll grow in importance after a raise, which is when a traditional Estonian bank with a full local IBAN becomes more useful alongside the fintech account.
W
Wise Business
Hold and receive many currencies and pay suppliers at the mid market rate, with no monthly fee. Verify current fees with Wise.
Best for
Multi currency holding and payments
Monthly fee
No monthly fee, one off setup fee, per use pricing, as of 1 February 2026
These providers accept business customers in Estonia. Fees and eligibility shown as of 1 February 2026. Confirm current terms with the provider before applying.
Wise Business has no monthly fee and strong multi currency support, Revolut Business adds cards, expense tools and an API on tiered plans, and Payoneer suits collecting from platforms. As of 1 February 2026, confirm features with the provider. This is general information, not advice.
Can an e-Resident startup open an account remotely?
Often yes with an EEA fintech that verifies identity online, subject to checks. e-Residency lets you form and run the OU online but does not guarantee an account. Traditional banks usually require an in person visit. As of 1 February 2026, confirm with the provider.
Is there a free business account for startups in Estonia?
Wise Business has no monthly account fee and charges per use, which suits a startup with low volumes. Revolut Business starts from about EUR 10 a month on the Basic plan. Per transaction and conversion fees still apply, so compare your actual flows. As of 1 February 2026, verify pricing with the provider.
When should a startup add a traditional Estonian bank?
A traditional bank such as LHV becomes more useful once the company has local substance, raises funds or needs a full Estonian IBAN and lending. Many startups run on a fintech first and add a bank later. As of 1 February 2026, confirm eligibility with the bank.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 1 February 2026. Confirm current terms with the provider before applying.