e-Banking
It’s hard to overstate the enormous role Estonia’s banks have played in creating and promoting the nation’s e-government solutions. Banks wholeheartedly embraced e-ID, encouraging customers to use their ID cards for secure transactions, and even giving away free card readers. They also helped move the population online by developing and offering high-quality internet banking services. Today, over 99% of all banking transactions in the country are carried out online.
You can access internet banking services anytime from anywhere in the world and you can do transactions online without visiting a bank.
99%
banking transactions online
#1
In OECD Tax Competitiveness Index (2020)
Users of bank services benefit from the convenience of having user-friendly online services available 24/7, a vast improvement over typical banking hours. In contrast with the US, where a third of money transfers are still carried out by writing and mailing checks, which can take days to process, Estonia’s e-banking system is simple, secure, and practically instantaneous.
Based on regulatory changes in 2017, opening a bank account is now possible online using e‑ID or e-Residency card, a video interview recording, and facial recognition technology. Banks are working hard to develop technical solutions that will allow them to welcome clients from anywhere without a face-to-face meeting by enhancing the security of customer identification.
Developers of e-banking systems:
Other solutions & services
e-Identity
Cyber security
Healthcare
Smart city and mobility
Ease of doing business
Education and research
Contact
Visit us physically or virtually
We host impactful events both in our centre and online for government institutions, companies, and media. You’ll get an overview of e-Estonia’s best practices and build links to leading IT-service providers and state experts to support your digitalisation plans.
Questions? Have a chat with us.
Call us: +372 6273157
E-mail:
Media:
Find us
The Briefing Centre is conveniently located just 2 minutes drive from the airport and 7 minutes drive from the city centre.
You will find us on a ground floor of Valukoja 8, central entrance behind the statue of Mr Ernst Julius Öpik. Photo of the central entrance.
Valukoja 8
11415 Tallinn, Estonia
