LHV vs Swedbank: what each publishes
As of October 17, 2026, LHV takes these industries by its own published rules: iGaming, with conditions; Forex and CFD, with conditions. We hold no such rule from Swedbank.
Not a ranking: the two names are in alphabetical order. The free check applies every provider’s rules to your own answers.
Where it takes companies from
LHV
- United Kingdom
- EU / EEA (western & northern, plus Spain, Italy, Portugal)
- EU / EEA (Baltics, central & eastern, plus Croatia, Greece, Cyprus, Malta)
- Switzerland / Liechtenstein
- United Arab Emirates
- United States
- Developed Asia-Pacific
- CIS / Central Asia / Caucasus
- Latin America
- Middle East & North Africa
- Africa
- Jersey, Guernsey, Isle of Man, Gibraltar
- Other offshore centres
- Other
The regions its own documents name, read on October 9, 2026
Swedbank
- United Kingdom
- EU / EEA (western & northern, plus Spain, Italy, Portugal)
- EU / EEA (Baltics, central & eastern, plus Croatia, Greece, Cyprus, Malta)
- Switzerland / Liechtenstein
- United Arab Emirates
- United States
- Developed Asia-Pacific
- CIS / Central Asia / Caucasus
- Latin America
- Middle East & North Africa
- Africa
- Jersey, Guernsey, Isle of Man, Gibraltar
- Other offshore centres
- Other
The regions its own documents name, read on October 16, 2026
Policy by industry
| Industry | LHV | Swedbank |
|---|---|---|
| iGaming | With conditions | No |
| Forex and CFD | With conditions | No published rule |
| Crypto | Depends on the activity | Depends on the activity |
| Unlicensed financial services | No | No |
| Adult | No published rule | No published rule |
| AI and SaaS | No published rule | No published rule |
| Marketplace | No published rule | No published rule |
Where owners must live
LHV
No published rule
Swedbank
No published rule
Rules about countries
LHV
Your company is registered in an offshore location or its ownership structure includes companies registered in offshore countries … LHV Pank does not open accounts for these companies.
Other offshore centres
Swedbank
The Bank shall only refuse to conclude an Agreement (incl. Current Account Agreement) with good reason, which first and foremost constitutes an Agreement where a person or a Related Person: … 3.4.10. comes from a country that has insufficient levels for preventing corruption / money laundering / terrorism financing and/or is a resident of a low tax rate country or territory (the so-called offshore region) or has a legal entity registered in the offshore region within its structure and/or partners;
Other offshore centres
Fees
LHV
| Plan | Account opening | Monthly | Checked |
|---|---|---|---|
| Legal entity registered in Estonia | Free ('free of charge') | Free ('free of charge') | · Source |
| Legal entity registered in Estonia with non-resident owners | EUR 300 account opening application fee, not refunded if the bank declines | EUR 30 | · Source |
| Legal entity registered in an EU member state (except Cyprus, Luxembourg, Malta) or Norway | EUR 300 account opening application fee, not refunded if the bank declines | EUR 30 | · Source |
| Legal entity registered in another country | EUR 600 account opening application fee, not refunded if the bank declines | EUR 60 | · Source |
| Company with a high-risk field of activity | EUR 1,000 ('Account opening application fee') | EUR 100 ('Maintaining the account') | · Source |
Swedbank
| Plan | Account opening | Monthly | Checked |
|---|---|---|---|
| New company, first year | Free ('Opening an account free of charge') | EUR 0 for the first year ('Monthly account fee 0€') | · Source |
| Estonian legal person with non-residents as representatives or owners | EUR 300 enhanced due diligence fee, paid before the decision and not refunded if refused ('Estonian legal persons with non-residents included as representatives or in the ownership structure') | EUR 50 a month servicing fee ('Monthly fee for servicing a client') when an owner holds an identity document from Cyprus, Liechtenstein or outside the EEA and is not an Estonian resident | · Source |
| Legal person from the EEA (excl. Estonia, Cyprus, Liechtenstein) | EUR 300 enhanced due diligence fee, paid before the decision and not refunded if refused ('Legal persons from European Economic Area') | Not published as a fixed fee (the EUR 50 servicing fee applies when owners or the field of activity call for it) | · Source |
| Legal person registered in Cyprus or Liechtenstein | EUR 300 enhanced due diligence fee, paid before the decision and not refunded if refused ('Legal persons from European Economic Area') | EUR 50 a month servicing fee ('Monthly fee for servicing a client') | · Source |
| Legal person from outside the EEA | EUR 500 enhanced due diligence fee, paid before the decision and not refunded if refused ('Legal persons from other states') | EUR 50 a month servicing fee ('Monthly fee for servicing a client') | · Source |
Closing an account
LHV
Unless otherwise provided by law or the Agreement, the Party has the right to terminate the Agreement by giving at least two (2) months’ advance notice to the other Party.
Swedbank
9.1. The Bank may unilaterally terminate the Agreement immediately for good cause (extraordinary termination). The Bank may terminate the Agreement ordinarily and/or extraordinarily by notice of cancellation on the terms and conditions set out in the Agreement, unless such notice of cancellation is restricted by applicable legislation.
Licence
| Licensee | LHV | Swedbank |
|---|---|---|
| Licensee | AS LHV Pank · credit institution licensed by Finantsinspektsioon, the Estonian Financial Supervision and Resolution Authority (licence 4.1-1/37) | Swedbank AS · credit institution licensed by Finantsinspektsioon, the Estonian Financial Supervision and Resolution Authority (licence EP-13 PO), supervised by the European Central Bank |
| Regulator | Finantsinspektsioon (Estonia) · | Finantsinspektsioon (Estonia) / European Central Bank · |