Switching business account in Estonia

How switching works in Estonia

There is no automatic account switch service for business customers in Estonia, so you control the move. The safe approach is to run the old and new accounts in parallel for a period, move everything across in order, and only close the old account once no payment still relies on it. As of 24 November 2025, confirm the current process with each provider.

Your IBAN changes

A new provider issues a new IBAN, and it may not start with EE if you choose an EEA fintech. You therefore need to share the new IBAN with anyone who pays you and update it on invoices, payment pages and accounting software. Check that your customers and partners accept the IBAN type your new provider issues.

Moving recurring payments

List every standing order, recurring card payment and direct debit on the old account, then recreate them on the new one. Tax authority and payroll payment details also need updating. Missing a recurring payment is the most common switching problem, so work from a written list.

What to move when you switch

As of 24 November 2025, a switch usually involves moving these items. Verify with the provider

• Incoming payments, by sharing the new IBAN with customers and updating invoices and payment pages.
• Outgoing recurring payments, such as standing orders, subscriptions and supplier payments.
• The account balance, and any links to payroll, tax filings and accounting software.

How to switch without missing a payment

1. Open the new account and keep the old one running in parallel while you move everything across.
2. Update your IBAN with customers and partners and recreate each recurring payment on the new account.
3. Close the old account only once no payment depends on it, and confirm any closing terms with the provider.