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OPEN A TEMPORARY ACCOUNT REMOTELY

Have you begun registering your business and now need to make the equity payment? Save time and open a temporary account remotely.

Fill in an application

What is a temporary account and why is it necessary?

A temporary account for a business is a bank account which the business opens during its initial registration process. It is temporary and is opened before a business is founded. This account is necessary for paying in equity (in case your share capital is 50 000 EUR and above) and completing the business registration process.

4 simple steps to founding a business

Step one.

Begin registering your business

In the Enterprise Register.
Step two.

Open a temporary account

Fill the application and make your equity payment.
Step three.

Finalise the registration

Provide Bank's confirmation of the share capital contribution to the Enterprise Register (in case share capital is 50 000 EUR and more).
Step four.

Open a permanent account

Apply Remotely
Step one.

Begin registering your business

In the Enterprise Register.
Step two.

Open a temporary account

Fill the application and make your equity payment.
Step three.

Finalise the registration

Provide Bank's confirmation of the share capital contribution to the Enterprise Register (in case share capital is 50 000 EUR and more).
Step four.

Open a permanent account

Apply Remotely

Temporary account

You have taken the first steps in launching a business and now need a business account? We have worked to ensure that opening one is as simple as possible. Open a temporary account remotely.*

  • Fill in an application to open a temporary account*
  • Once your temporary account is open, you will receive an digitally-signed letter from the bank by email, in which we will give you your temporary account number.
  • Make your equity contribution electronically.
  • Once you have founded your business, transfer your temporary account into a permanent account remotely.
Fill the application

* Remote opening of a temporary account is only available for newly established companies in the Republic of Estonia with up to five founders, all of whom are natural persons and residents of the Baltic states.

Frequently Asked Questions

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A temporary account for a business is a bank account which the business opens during its initial registration process. It is temporary and is opened before a business is founded. This account is necessary for paying in equity and completing the business registration process.

Please note that share capital can only be made via electronic transfer. Cash deposits to the temporary account are not available.

You can find out the NACE code which matches your economic activity here.

A Foundation Decision/Agreementis a crucial aspect of founding a business. It should include the planned name, equity amount and how it will be paid, as well as the founders and board members. It includes information about the business and its operations. 
You can find out more or view document examples here.

Depending on how many applications we receive, we will review and give you an answer on your application wihin 1 business day. 

Only newly-founded companies from the Republic of Estonia with up to five founders, all of whom are private individuals and residents of the Baltic states, can open a temporary account remotely.

The equity must be transferred electronically from the founder’s personal account to the temporary account. When making the transfer, indicate "Share capital contribution" in the payment purpose. Please note that cash deposits to the temporary account are not allowed.

You can check the name of your business here.

A temporary account for a business is a bank account which the business opens during its initial registration process. It is temporary and is opened before a business is founded. This account is necessary for paying in equity and completing the business registration process.

Please note that share capital can only be made via electronic transfer. Cash deposits to the temporary account are not available.

You can find out the NACE code which matches your economic activity here.

A Foundation Decision/Agreementis a crucial aspect of founding a business. It should include the planned name, equity amount and how it will be paid, as well as the founders and board members. It includes information about the business and its operations. 
You can find out more or view document examples here.

Depending on how many applications we receive, we will review and give you an answer on your application wihin 1 business day. 

Only newly-founded companies from the Republic of Estonia with up to five founders, all of whom are private individuals and residents of the Baltic states, can open a temporary account remotely.

The equity must be transferred electronically from the founder’s personal account to the temporary account. When making the transfer, indicate "Share capital contribution" in the payment purpose. Please note that cash deposits to the temporary account are not allowed.

You can check the name of your business here.

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