I recently attempted to open an account with Coop Pank AS as an e-resident with an IT company. Despite having an existing account with another Estonian bank, my experience with Coop Pank was disappointing. The online form was non-functional, so I had to contact a manager directly and I briefly explained my business so it was clear that we're not working with the local market only. Nevertheless, I had to fill out a lengthy form and was also charged a 200 EUR fee. Ultimately, after a while and several follow-ups my application was rejected because Coop Pank works with clients focused on the local market only. This policy not clearly communicated initially on their website, and by their manager. This lack of clarity, combined with the fee for an ultimately unsuccessful application, made the experience particularly disheartening. The inclusion of Coop Pank in the e-Residency marketplace seems somewhat misleading, considering the global nature of many e-resident businesses.

No support for international entrepreneurs, no fast and flexible solutions! I`m from Ukraine, and I can`t leave the country due to the military situation. But in order to open a business account, I must personally visit your office. So what about business without borders, digital entrepreneurship, and other tasty words? It doesn`t work! To get a business account in a real bank for your company, you need to go to their office in person. And it also does not guarantee that you`ll get it: "We don`t see your strong connections to Estonia. Go home". I don`t want to use so-called "digital banks" such as Wise, Paysera, Payoneer, etc. There are tons of messages on the internet about blocking accounts and freezing money without any reason. Zero guarantees that you will get your money back. That`s why I`m looking for a business bank account in a real bank. But seems it`s just impossible...

As a foreign resident doing business in Estonia as if you are living in the country is very easy with Estonian e-resident card. But this is not enough of course, you will need a bank services who can provide you right solutions at the right time when you needed. As the e-resident card holder I get my banking services from Coop Pank and I am very much satisfied the services I get from the bank from day 1. The key point is that, you must have strong connection with Estonia and present a good business plan. With Coop Pank everything becomes easy for me because I got right and quick satisfying services whenever needed, I am very with Coop Pank. Thanks

If you are not European, it will ask you for dozens of connections etc. It has nothing to do with entrepreneurship. When I entered my company establishment number, the information to call me by phone fell on my screen. How come I said they suck.