Swedbank vs Wallester: what each publishes
As of October 17, 2026, we hold published rules from Swedbank on 3 of 7 industries and from Wallester on 0.
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
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
Wallester
- Austria
- Belgium
- Bulgaria
- Canada
- Croatia
- Cyprus
- Czechia
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Iceland
- Ireland
- Italy
- Latvia
- Liechtenstein
- Lithuania
- Luxembourg
- Malta
- Netherlands
- Norway
- Poland
- Portugal
- Romania
- Singapore
- Slovakia
- Slovenia
- Spain
- Sweden
- United Arab Emirates
- United Kingdom
- United States
Its own list of countries, quoted below with its source and date
Policy by industry
| Industry | Swedbank | Wallester |
|---|---|---|
| Crypto | Depends on the activity | No published rule |
| iGaming | No | No published rule |
| Unlicensed financial services | No | No published rule |
| Adult | No published rule | No published rule |
| AI and SaaS | No published rule | No published rule |
| Forex and CFD | No published rule | No published rule |
| Marketplace | No published rule | No published rule |
Where owners must live
Swedbank
No published rule
Wallester
No published rule
Rules about countries
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
Wallester
Wallester Business offers services to businesses within the European Economic Area (EEA) countries, the United Kingdom (UK), the United Arab Emirates (UAE), Singapore, the USA, and Canada.
All countries named (35)
Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, Spain, Sweden, United Arab Emirates, United Kingdom, United States
Fees
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 |
Wallester
| Plan | Account opening | Monthly | Checked |
|---|---|---|---|
| Free (300 virtual cards included) | Free ('User account creation' is free on the price list) | EUR 0 ('€0 /month') | · Source |
| Premium (3,000 virtual cards) | Free ('User account creation' is free on the price list) | EUR 199.00 ('€199.00/mo') | · Source |
| Platinum (18,000 virtual cards) | Free ('User account creation' is free on the price list) | EUR 999.00 ('€999.00/mo') | · Source |
| Enterprise Suite | Free ('User account creation' is free on the price list) | No published price ('Custom') | · Source |
Closing an account
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.
Wallester
Either Party has the right to terminate the Agreement for convenience at any moment by providing a 1-month prior notification to the other Party.
Licence
| Licensee | Swedbank | Wallester |
|---|---|---|
| Licensee | Swedbank AS · credit institution licensed by Finantsinspektsioon, the Estonian Financial Supervision and Resolution Authority (licence EP-13 PO), supervised by the European Central Bank | Wallester AS · payment institution licensed by Finantsinspektsioon, the Estonian Financial Supervision and Resolution Authority (licence 4.1-1/224) |
| Regulator | Finantsinspektsioon (Estonia) / European Central Bank · | Finantsinspektsioon (Estonia) · |