Bigbank Unveils Convenient New Current Account for Customers

Introduction of Bigbank's Current Account Service

Bigbank AS has made an exciting announcement regarding its latest offering. Starting soon, private customers in Estonia will have the ability to open a current account through the internet bank, improving their banking experience. This service is tailored to enhance user convenience while managing everyday financial transactions.

Features of the Current Account

The current account presented by Bigbank aims to be incredibly beneficial for customers. Funds deposited in this account will earn an impressive 2% annual interest rate, making it a lucrative option for saving while banking. Customers will enjoy the advantage of free SEPA payments that are processed swiftly, generally as instant transactions. Furthermore, this account comes with no hidden fees—there are no charges for signing contracts, monthly maintenance or any additional expenses.

CEO Remarks on the Service Launch

The launch of this current account service is described as a pivotal moment for Bigbank by CEO Martin Länts. He remarked, "The introduction of the current account services aligns perfectly with our strategy to enter the everyday banking market. After successfully providing savings deposits and credit cards, it's time to expand our product suite with current accounts." This launch signifies an important evolution in Bigbank's service offerings, and Länts indicated future aspirations to provide corporate banking solutions as well.

Future Expansion Plans

Looking ahead, Bigbank has ambitious plans to extend its current account service beyond individual customers. According to Länts, the bank plans to introduce these services to corporate clients in Estonia shortly. Additionally, there are intentions to reach out to customers in neighboring countries, specifically Latvia and Lithuania, further expanding their market presence.

Bigbank's Strong Market Position

Bigbank AS (Tallinn:BIGB080032A) is well-regarded in the banking industry, with over three decades of experience. As of the end of October 2024, the bank reports total assets of €2.7 billion and an equity base of €267.6 million. The institution operates across nine countries and caters to over 150,000 active customers. With a committed workforce of more than 500 employees, Bigbank has earned a solid reputation in the financial sector.

Credit Ratings and Security

Bigbank's reliability is further underlined by a credit rating from Moody's, which has given the bank a long-term deposit rating of Ba1. Additionally, the bank's baseline credit assessment, as well as its adjusted BCA, is rated Ba2, assuring clients of its strong financial standing and ability to meet obligations.

Contact Information for Inquiries

For those looking for more details regarding the current account service or other banking inquiries, customers can reach out directly to:

Argo Kiltsmann
Member of the Management Board
Phone: +372 5393 0833
E-mail: argo.kiltsmann@bigbank.ee
Website: www.bigbank.ee

Frequently Asked Questions

What is the interest rate for Bigbank's current account?

The current account offers a 2% annual interest rate on the funds deposited.

Are there any fees associated with the current account?

No, there are no fees for signing contracts, monthly maintenance, or other charges.

Can corporate customers use the current account service?

Currently, the service is for private customers, but Bigbank plans to roll it out for corporate customers in the future.

In which countries does Bigbank operate?

Bigbank operates in nine countries, serving a wide range of customers.

How long has Bigbank been in operation?

Bigbank AS has over 30 years of experience in the banking sector.

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