Overview
LHV Bank, at a glance.
LHV Bank is a bank headquartered in Estonia, regulated by Finantsinspektsioon, PRA and FCA. Business accounts cost from €0 a month. Opening an account takes 3–5 days. Accepted. Estonian companies whose owners live abroad pay €30 a month, and LHV expects a connection to Estonia.
AS LHV Pank is a licensed bank in Estonia. Eligible deposits are covered up to €100,000 by the Estonian deposit guarantee fund.
Why businesses pick LHV Bank
- A free business account for companies registered in Estonia and owned by residents
- Accepts companies with owners abroad and companies from other countries, at a published price
- Payments in 15 currencies, including SEPA Instant
- Free SEPA payments in the internet bank and app
- Support in Estonian, English and Russian
- Deposits covered up to €100,000
Watch out for
- Companies with owners abroad or from other EU countries pay €30 a month and €300 to open; other countries €60 and €600
- Companies outside Estonia are expected to have a connection to Estonia
- Companies from Cyprus, Luxembourg and Malta are priced as other countries
- SWIFT payments cost €7 online and €12 with assistance
- Shell companies, unregulated crypto, MLM, binary options and unlicensed gambling are not accepted
- Trustpilot score of 2.7 from 48 reviews
Business fit
Will LHV Bank accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on LHV Bank's published rules
Needs review
LHV Bank works with Startups and SMEs, but does not publish the countries it accepts companies from.
LHV Bank does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What LHV Bank publishes about the businesses it takes on.
Who LHV Bank serves
- Startups and SMEs
- Freelancers
- Financial institutions
- E-commerce
Not supported
Industries and countries LHV Bank does not accept, from its own published lists.
Industries
- Unregulated financial services where licensing is required
- Multi-level marketing
- Hawala/informal value transfer
- Unlicensed FX brokers
- Binary options
- Get-rich-quick schemes
- Anonymous-crypto exchange facilitation
- Unregulated virtual/crypto exchanges or marketplaces
- Crypto ATMs
- Unregulated ICOs
- Crypto mixers/tumblers
- Unlicensed gambling
- Financial institutions lacking appropriate AML approval/monitoring
- Multi-layered MSB arrangements
- Unauthorised pharmaceuticals/food supplements claims
- Unauthorised copyrighted-material distribution
- Grey-market digital goods and unofficial key resale
- Arms/dual-use goods
- Unregulated charities
- Shell companies
- Bearer securities/shares over 10%
- Cash-funded payment flows
- Shell banks/offshore-licence banks
- Adult services involving trafficking/intermediation/prostitution/pornography/striptease clubs
- Certain personalised HNW asset-holding services
- High-risk NGOs, political/religious organisations and persons linked to serious offences
Countries
- Not published
Coverage
Where can you use LHV Bank?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
15 currencies
- EUR
- USD
- GBP
- CHF
- CAD
- AUD
- JPY
- CZK
- DKK
- HKD
- HUF
- NOK
- PLN
- RON
- SEK
Payment reach
Not published
Who can apply
Company incorporation countries25 countries · show list
- Estonia
- Austria
- Belgium
- Bulgaria
- Croatia
- Czechia
- Denmark
- Finland
- France
- Germany
- Greece
- Hungary
- Ireland
- Italy
- Latvia
- Lithuania
- Netherlands
- Poland
- Portugal
- Romania
- Slovakia
- Slovenia
- Spain
- Sweden
- Norway
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Private limited companies, Other Estonian legal entities
Pricing
What does LHV Bank cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
From €0
depends on plan
Monthly fee
€0–60
depends on plan
Estonian company
Lowest cost€0 per month
€0 setup · €0 in year one
Estonian company with owners abroad
€30 per month
€300 setup · €660 in year one
EU or Norwegian company
€30 per month
€300 setup · €660 in year one
Company from another country
€60 per month
€600 setup · €1,320 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Outgoing | ||
| SEPA | Free | No charge · In the internet bank and app |
| SEPA Instant | Free | No charge · Up to €100,000 |
| SWIFT / international | €7 | Fixed fee · Shared fees, online; €12 with assistance, €22 more if you pay all charges |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Crypto
| Cost | Listed amount | How it is charged |
|---|---|---|
| On-ramp (fiat to crypto) | Not published | |
| Off-ramp (crypto to fiat) | Not published |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Is LHV a bank?
Yes. AS LHV Pank is a licensed bank in Estonia, supervised by the Finantsinspektsioon. Eligible deposits are covered up to €100,000. The group also owns LHV Bank Limited, a UK bank.
How much does an LHV business account cost?
Free for an Estonian company owned by residents. An Estonian company with owners abroad, or a company from another EU country or Norway, pays €30 a month and €300 to open; a company from any other country pays €60 a month and €600.
Can a non-resident open an LHV business account?
Yes, at the higher price, and LHV expects the company to have a connection to Estonia. Companies from Cyprus, Luxembourg and Malta are priced as other countries.
Which businesses does LHV not accept?
Its list includes shell companies, unregulated crypto exchanges, crypto ATMs and mixers, MLM, binary options, unlicensed gambling and FX brokers, hawala, arms and dual-use goods, and unregulated charities.
Alternatives
How LHV Bank compares.
If LHV Bank is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 LHV BankThis pageBank |   | Business accountDeposit protection |
 Wise BusinessE-money institution |  | Low FX costsStandard businesses |
 Revolut BusinessBank |  | Cards and spend controlsStartups and SMEs |
 PayseraE-money institution |  | Low fees16 support languages |
| bunq BusinessBank |  | Deposit protectionFreelancers |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.