Current account

You need a current account to make your daily settlements and use most banking services and products. It is simple and convenient to open and use a current account.
  • A current account allows you to do your daily banking swiftly and simply: make transactions, use debit and credit cards, open deposit accounts and use the internet and mobile bank.
  • Your current account will grant you rapid access to your funds through various bank channels (ATMs, Telephone Bank and internet bank, Mobile Bank and branch office) and lets you make transactions quickly by bank transfer or in cash.
  • Money on your current account will earn you interest.

To open a current account you will need to come to a Nordea branch office and present an identity document.

For opening a current account, we accept the following forms of identification:

  • ID card,
  • passport,
  • residence permit card,
  • Estonian driver’s licence (only for Estonian citizens)

Citizens of foreign countries will also need to present a document stating the reasons for their stay in Estonia and for opening a current account, such as a study or work certificate or proof of real estate ownership in Estonia.

A current account can be opened for minors by their legal representatives or guardians. Children aged seven and older can get a bank card and the right to use the current account independently. Legal representatives or guardians can also sign an internet bank user agreement on their behalf. There is no age limit for signing a Child’s Deposit agreement.

To open a current account on behalf of a minor, you will need the following documents:

  • the minor’s birth certificate or assigned guardian statement,
  • the minor’s ID card or passport,
  • the ID of a legal representative of the guardian.

If you want to choose Nordea as your home bank and switch from another bank, we will help you do everything necessary and we can deal with your current bank on your behalf. You can bring over your current account and all the standing orders and e-invoice standing payment arrangements related to your current account.

Switching from another bank means closing your current account in your previous bank and opening a new one in Nordea if you haven’t yet done so. We can bring over your current account if you don’t have any of the following agreements with your other bank:

  • a credit agreement like a housing loan or credit card;
  • an agreement for managing a securities account;
  • an agreement on a savings or investment product like a term deposit or investment deposit;
  • an agreement to use your current account for depositing foreign currencies or as a multi-account or multi-currency
  • account where the balance of the accounts is not sufficient to pay the service fees for foreign currency transactions.

Switching e-invoice standing payment arrangements and standing orders from another bank means that you end your agreements in your previous bank and sign new ones in Nordea.
You cannot switch from another bank if:

  • the current account has been frozen in the other bank;
  • you owe money to the other bank, such as debts for unpaid service fees.

How do I switch from another bank?

  • Via the Nordea Netbank or Telephone Bank
  • In a branch office or service point

For further information, please call 1772* / 6 283 300

Currency of the current account Interest rate
EUR 0,01%
  • The interest rate shown in the table is in percent over the reporting year (360 days)
  • The interest is calculated for the actual number of deposit days
  • The interest is calculated from end-of-day account balances of at least 300 euros and is transferred to your current account at least once a year
Opening a current account
Current account opening for European Economic Arearesidents Free
Reviewing current account opening application and documentation for residents outside of European Economic Area 1 250 €
Account closing fee Free
Account statements

Statements at customer’s request

  • From a branch office
  • From Nordea Netbank (not encrypted)
  • From Nordea Netbank (encrypted)
  • By email (digitally signed, encrypted)


  • 0.30 € / page, min 5 €
  • Free
  • 5 €
  • 5 €

By post**

  • Within Estonia
  • Abroad


 0.30 € per page min 5 €

Regular statements**

  • Monthly statement by post within Estonia
  • Monthly statement by post abroad


7 €

1 including persons who do not have Estonian ID card or residence card
** Postage fees will be added.

An IBAN (International Bank Account Number) is an internationally agreed means of identification for bank accounts. The IBAN is needed for making foreign transactions, receiving payments from foreign countries and making transfers outside Estonia.

The Estonian IBAN has 20 digits. A six-digit combination of letters and numbers has been added in front of the old domestic account number:
  • a two-letter country code (EE for Estonia);
  • a two-digit control number;
  • a two-digit bank code (17 for Nordea);
  • three zeros (000);
  • the old domestic account number (17000123456).

From 1 February 2014 the IBAN is used in Estonia and the old domestic account number is no longer valid.

Calculate your international bank account numberOpens new window