Industry News

New opportunities in e-Estonia: remote opening of a bank account

Minister of Finance of Estonia Sven Sester has signed the decree that will simplify the procedure of opening an account in the local banks.

Now Estonian and foreign e-residents will have an advantage for identification without their presence in the bank during opening an account. Banks will start to use digital technologies that allow remote verification of the identity of costumers. The decree comes into force on 31 October 2016, nevertheless, banks will still have a right to demand the personal presence of the client.

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