Visiting Researcher's Guide - EURAXESS Estonia
Visiting Researcher's Guide - EURAXESS Estonia
Visiting Researcher's Guide - EURAXESS Estonia
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8.4 Banking<br />
EVERYDAY NECESSITIES<br />
Banking in <strong>Estonia</strong> is well developed, and financial<br />
matters are quite straightforward and convenient.<br />
Opening a bank account is very simple – you can do<br />
so at the nearest bank office; all you need for this is<br />
an ID card or passport.<br />
The <strong>Estonia</strong>n currency is the <strong>Estonia</strong>n kroon (EEk),<br />
1 kroon = 100 sents. The <strong>Estonia</strong>n kroon has a fixed<br />
rate to the Euro, i.e. 1 € =15.6466 EEk. The exchange<br />
rate for other currencies is calculated daily on the basis<br />
of the exchange rates set by the Bank of <strong>Estonia</strong>.<br />
In addition to cash, debit and credit cards are also<br />
accepted in most shops, restaurants and companies.<br />
salary payments are usually made to a person’s bank<br />
account. The ATMs of the larger banks can be found<br />
in branch offices, petrol stations, larger supermarkets<br />
and other frequently visited places. VIsA and<br />
MasterCard are widely accepted. Internet banking<br />
is very common, while cheques are seldom used in<br />
<strong>Estonia</strong>.<br />
Bank of <strong>Estonia</strong> (exchange rates, banknotes and coins, and more)<br />
http://www.bankofestonia.info/<br />
Hansabank http://www.hansa.ee/eng/<br />
SEB Eesti Ühispank http://www.seb.ee/eng/<br />
Sampo Bank http://www.sampo.ee/eng/<br />
Nordea Bank http://www.nordea.ee/<br />
VAl RAJAsAAR<br />
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