Open Banking in Estonia [updated]

2 min readDec 21, 2020

Facts and figures

According to EBF, Estonia has 14 banks and the largest are Swedbank, SEB Bank, LHV Bank and Luminor Bank. The largest banks serve 2 million private and 300 thousand business customers. Estonians have 1.8 active current accounts per inhabitant and 1.25 active internet bank accounts per inhabitant. The population of Estonia is 1.3 million people.

Open banking

Open banking in Estonia is regulated by Payment Services Directive 2. Most of the largest banks have active open banking developer portals that provide regulated access to account information.

Active portals:

Integration with APIs

To use access and use the open banking APIs in Estonia, you will need to acquire an account information service provider (AISP) licence, issued by the relevant authority. In addition to that, you will require a qualified certificate, compliant with PSD2 requirements.

Alternatively, you can use Nordigen’s free Account Information solution.

Nordigen free PSD2 data API

Nordigen offers a free PSD2-compliant open banking API, that allows businesses to access bank account information of their existing or potential customers.

  • Nordigen is a licenced AISP,
  • one API, integrated with all the major Estonian banks,
  • access to bank account history, up to 2 years,
  • 90-day continuous access to bank accounts,
  • access to Personal and Business account information,
  • free to use, no hidden fees.

Learn more about Nordigen’s Account Information here or get access to the API now.

Get Free Access to Account Information today or learn more about Nordigen’s Account Information product.

Connect to bank accounts and get raw transaction data. Free access to regulated banking data in Europe.

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