Become our client!

To open an account, click on ‘Open account’ and log in with Smart ID, Mobile ID or your ID card. Next, select the company you want to open the account for, fill in the application form and digitally sign the agreement. The account will be opened immediately, and the person opening it will gain access to the Internet bank. If the company’s management board has more than one member, access isn’t automatically granted to the other members, but must be requested separately.

If entering into the agreement fails, this means we’ve received your application to open the account but will get in touch with you as soon as possible to ask for further information, if needed. Be prepared to describe your business model to us as precisely as you can, and to tell us who you plan to perform transactions with. All banks follow the ‘Know Your Customer’ principle, so additional questions may have to be asked.

If you’d prefer to, you can open a business client’s account at one of our bank offices. The account can only be opened by your company’s legal representative.

A business account can be opened online only if the representative is an Estonian citizen or holds a permanent residence permit in Estonia.

Yes – for companies registered in Estonia. But if the company’s ownership structure includes an individual or legal entity linked to a foreign country, if the company’s field of activity is specific or if the company is registered outside of Estonia, the fees set out in the price list apply.

If the apartment association has a management board, transactions can be performed by the member of the board named in the register without them needing to submit separate authorisation. In the event that the members of the board have joint representation rights, the board can only represent the association collectively.

An apartment association isn’t required to have a management board if there are 10 or fewer apartments in the building or if all of the apartments are owned by the same individual. If there is no management board, the association is jointly led and represented by all of the owners, who are regarded as members of the board with joint representation rights. However, this means that all owners must indicate their volition when transactions are performed on behalf of an apartment association: the consent of all owners is required, which is why all of them must come to a branch of the bank or issue a joint power of attorney or a digitally signed letter of authorisation on the bank’s letterhead granting someone the authority to represent the apartment association in order to open an account and enter into other agreements.

Presentation of authorisation at a bank branch:

• Fill in the authorisation form.
• Digitally signed forms can be e-mailed in advance to klienditugi@cooppank.ee, noting the branch you’ll later come to in order to open your account.
• We also accept simple written letters of authorisation signed at a branch in front of a member of our staff.

The easiest way to open a business client account as a non-resident is at one of our branches. You’ll need to demonstrate that you have a clear connection to Estonia and explain what financial need will be served by opening the account.

Coop Pank treats companies registered abroad or Estonian companies which are not controlled by an Estonian resident as non-residents.

We count the following as a strong connection to Estonia:

• The company’s economic activities are connected to Estonia (e.g. its permanent place of business is in the country or it has employees in the country)
• Its main partners are in Estonia
• It provides a product or service aimed at the Estonian market (e.g. an Estonian-language online store)
• It has property in Estonia or the company’s operations are related to property (e.g. property management or development)

When coming in to the branch, make sure you have the required documents with you:

• Personal ID
• An overview of the ownership structure and real beneficiaries of the company
• If the company is registered outside of Estonia, then the registration certificate or a registry extract of the company (notarially attested) issued within the last six calendar months and translated into Estonian, Russian or English
• The statutes of the company (notarially attested) translated into Estonian, Russian or English
• A document (notarially attested) evidencing representation rights
• An account statement for the last 12 months

Once we’ve received your application to open the account, we’ll get in touch with you as soon as possible to ask for further information, if needed.

If your application is approved, we’ll send the agreement to you for signing. In the event that those representing the company have not previously identified themselves at a branch of Coop Pank, they must do so prior to signing the agreement.

When you identify yourself electronically, you can make outgoing payments from your company's account to the value of up to 25,000 euros per month. If you need to make payments to a greater value in a single month, come in and identify yourself at any Coop Pank branch or banking point, bringing personal ID with you.