After charging Euro 300, they declined the application without any proper reason. I specifically came to Estonia to open the account so that I am identified by them with physical verification however after doing everything possible and paying fees (Euro 300), they declined the next day. No update on refund also. Seems like a good way for them to earn money. If they are genuine, they should take fees after account approval only

I am highly satisfied of LHV services for the personal usage. But with business account there a lot of problems. Please keep in mind that 300EUR it is not the price of “Business banking account opening”, it is a price of “Application for business banking account opening”, which you must pay just to apply. And if they decline your application they will not return your 300EUR.

I'm very thankful to them. Their support is very good!

This is not for (all) e-residents, although it is presented here in this marketplace. They simply will decline you, unless you are from a favored country of their choice. In fact, the whole Estonian e-residency system is a half baked offer for those who are from those "unfavored" states...

Here is the exact quote from the email I received from LHV once I wrote them about insurance for e-residents (I've hidden the surname of the assistant): "Dear Simon, Thank you for your letter! Unfortunately we do not offer medical insurance. We hope that you will find insurance in other companies. Heade soovidega Vivian ****** kindlustuse klienditoespetsialistide tiimijuht"