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Banking in Estonia is well developed, and financial matters are quite simple and comfortable. The Estonian currency is the Estonian Kroon, and 1 kroon is worth 100 sents. The Estonian Kroon has a fixed rate to the Euro, i.e. 15.6466 kroons per Euro. The exchange rate for other currencies is calculated daily on the basis of the exchange rates set by the Bank of Estonia.
In addition to cash, debit and credit cards are accepted in most shops, restaurants and companies. Salary payments are usually made to a person's bank account. The ATMs of the larger banks can be found in branch offices, petrol stations, larger supermarkets and other frequently visited places. Internet banking is also very common. Cheques are seldom used in Estonia.
Opening a bank account is very simple in Estonia. You can do so at the nearest bank office; all you need is a personal identification document.
- The four larger banks in Estonia are:
- Swedbank
- SEB
- Sampo bank
- Nordea bank
Bank of Estonia. Exchange rates
Bank of Estonia. Banknotes
Delfi Regio. ATMs (Select Map Layers, search for suitable ATMs)
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