Estonian draft legislation to provide easier banking for e-residents

  • 2016-05-05
  • BNS/TBT staff
The government of Estonia has approved and will forward to the parliament a draft legislation that will allow Estonian residents and e-residents to open bank accounts without visiting a bank branch. “We would like to keep up with the times and make opening a bank account simpler and faster, while still ensuring that we maintain the necessary level of security. As technological solutions for remote person identification have been around for quite a while, it is sensible to allow them to be used for opening bank accounts. At this point I would especially like to thank all our p...
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