Receive from European customers
Customers in any SEPA country pay the LT IBAN as an ordinary euro transfer, typically arriving the same or next working day.
European IBAN · Estonia
EUR IBAN for businesses in Estonia
Yes. A company registered in Estonia can hold a named EUR IBAN without opening a European company. TrillioniPay provides a Lithuanian IBAN, starting with LT, in your company’s own name through a regulated partner in Lithuania, typically issued within 48 hours of approval. European customers pay it by SEPA, and you pay suppliers in any SEPA country from it the same way. Estonia is itself in the SEPA area, so you can pay your own euro accounts there by SEPA too.
At a glance
- Who can apply
- Companies registered in Estonia, subject to KYB
- IBAN country
- Lithuania (LT), 20 characters
- Account name
- Your company’s registered name
- Issued
- Typically within 48 hours of approval
- Euro payments
- SEPA in and out, with any SEPA country
- Estonia in SEPA?
- Yes
- Local currency
- Euro (EUR) · Euro: no conversion needed
- European company needed
- No
How to get a EUR IBAN in Estonia
- 01
Join the waiting list
Onboarding has not opened yet. Tell us your company is registered in Estonia, what you sell to or buy from Europe, and the euro volumes you expect.
- 02
Send your company documents
When onboarding opens, upload the KYB documents listed below for the company, its directors and its beneficial owners.
- 03
Review and approval
We check the company, who owns and runs it, and the payments you expect. We may ask follow-up questions; the time this takes depends on your file.
- 04
Your IBAN, typically within 48 hours
Once approved, you receive a Lithuanian IBAN starting with LT in your company’s name, ready to put on your invoices.
Documents you will need
- Certificate of incorporation or a recent extract from the commercial register in Estonia
- Memorandum and articles of association
- Proof of the registered business address
- Shareholder register or ownership chart, down to the ultimate beneficial owners
- Passport or national ID, and proof of address, for each director and beneficial owner
- A description of your business, main customers and suppliers, and expected monthly euro volumes
This is the usual KYB file; the exact list depends on how your company is structured, and we may ask for more. Some payments also need supporting documents, such as an invoice.
What your IBAN looks like
LTkk bbbb bccc cccc cccc
- LT country code
- k check digits
- b bank code
- c account number
- 20 characters
EEkk bbss cccc cccc cccx
- EE country code
- k check digits
- b bank code
- s branch code
- c account number
- x national check digits
- 20 characters
Letters stand for digits here; this is the layout, not an account. Your IBAN is issued in your company’s registered name, and it comes with the BIC European payers need.
How euros move in and out
Pay European suppliers, staff and partners
Send euros by SEPA from the same IBAN to any beneficiary in a SEPA country, without converting or routing through a bank at home.
Send money in Estonia
Estonia is in SEPA, so euros to your own account there go by SEPA too.
Receiving euros by SWIFT from outside the SEPA area is not confirmed yet; ask us about your flows before you rely on it. Timings are typical, not guaranteed.
Paying out in Estonia
Estonia uses the euro, so money arrives and leaves in the same currency: nothing to convert when you pay your own account. The exchange rate and fee are shown before you confirm.
Banking in Estonia: what to know
- Bank calendar
- The euro system (TARGET): Monday to Friday, closed on its public closing days
- Local account format
- EE IBAN (20 characters)
- Local currency
- Euro (EUR)
Your options compared
| EUR account at a bank in Estonia | Named IBAN from a payment provider (like TrillioniPay) | Setting up a company in the EU | |
|---|---|---|---|
| Account number | EE IBAN (20 characters) | Lithuanian IBAN (LT, 20 characters) | IBAN of the EU country where the company banks |
| How European customers pay you | SEPA | SEPA, like a domestic euro transfer | SEPA |
| Paying European suppliers | SEPA | SEPA | SEPA |
| Name on the account | Your company | Your company | The new EU company, not your existing one |
| European company needed | No | No | Yes |
| What it takes | Your bank’s own terms, which vary from bank to bank | KYB review; the IBAN typically follows within 48 hours of approval | Incorporation, a registered address and a bank account, then ongoing accounts and tax filings in that country |
General comparison of the three routes; terms at any given bank or provider differ.
Questions
- Can a company in Estonia get a EUR IBAN without a European company?
- Yes. Estonia is not on our list of countries we cannot serve, so a company registered there can apply, subject to KYB checks on the company, its directors and its owners. You do not need a European subsidiary, branch or address. The IBAN is Lithuanian, starts with LT and carries your company’s registered name, so European customers see exactly who they are paying. Onboarding has not opened yet: join the waiting list now and you will be invited to apply when it does.
- How long does it take to get the IBAN?
- The IBAN is typically issued within 48 hours of approval. Approval comes first: we review your company documents, ownership structure and expected payment flows, and how long that takes depends on how complete your file is and whether we need to ask follow-up questions. Once approved, you receive a 20-character Lithuanian IBAN starting with LT in your company’s name, which you can add to your invoices straight away. These timings are typical, not guaranteed.
- How do European customers pay the IBAN?
- By SEPA, like any European account. The IBAN is Lithuanian, and Estonia is itself in the SEPA area, so customers there and in every other SEPA country pay it as an ordinary euro transfer, typically arriving the same or next working day. You can pay suppliers, staff and partners in any SEPA country the same way, including your own euro account in Estonia. Receiving euros by SWIFT from outside the SEPA area is not confirmed yet, so ask us before you rely on it.
- Can I move the euros to my own bank account in Estonia?
- Yes, without converting. Estonia uses the euro and is in the SEPA area, so you can pay euros from the IBAN to any euro account there by SEPA, typically arriving the same or next working day. You can also keep the money in euros, or convert part of it into any of the 35 currencies you can hold when you pay suppliers elsewhere, and pay beyond the SEPA area by SWIFT. Every fee is shown before you confirm a payment, and some payments need supporting documents, such as an invoice.
- Does the IBAN start with EE or LT?
- LT. The account is held in Lithuania, so the IBAN starts with LT and is 20 characters long: LT, two check digits, a five-digit bank code and an eleven-digit account number. A local IBAN in Estonia starts with EE and has 20 characters, so the two are easy to tell apart. Give European customers the LT IBAN together with your company name exactly as it appears on the account and the BIC that comes with your account details.
- Is TrillioniPay a bank?
- No. Trillioni Pay Inc. is a Canadian money services business registered with FINTRAC and with the Bank of Canada under the Retail Payment Activities Act. It is not a bank. The EUR IBAN is provided through a regulated partner in Lithuania, and TrillioniPay runs the platform you use to receive, hold, convert and pay. Onboarding has not opened yet, so there is a waiting list; you will be invited to apply when it opens.
Related
A EUR IBAN for your company in Estonia
Join the waiting list. When onboarding opens, you apply once, and the IBAN typically follows within 48 hours of approval.