Stocks

Investing is for everybody

There are several reasons why buy stocks from Swedbank.

Baltic stocks - buying, selling, and holding are always free regardless of the amount.
Transaction fees for stocks outside the Baltics start at 9.90 euros, and holding them up to a value of 100,000 euros is free.
From dividend payments on Finnish, Swedish, and Norwegian stocks, you can conveniently use a more favorable tax rate with us.

To participate in Enefit Green's voluntary takeover offer, go to the 'Corporate actions, offers' page.

A stock is a security, the purchase of which confers a holding in the company and rights related to the company. Companies offer their stocks to the public for a variety of reasons, such as to expand their operations. By buying a stock, you essentially become one of the owners of the company and are entitled to a share of its profits.

Why invest in stocks?

In long-term investment, the stock portfolio has historically produced high returns.*
From dividend payments on Finnish, Swedish, and Norwegian stocks, you can conveniently use a more favorable tax rate with us.
You may receive dividends from the company, i.e. a portion of the company’s distributable profits.
You will make a profit from a possible increase in stock price.
You can own a tiny slice of a company whose products or services you love and which are important.

*Since the inception of the S&P 500 index (index that is composed of 500 large US companies) in 1926, it has generated gross annual returns in USD of around 10% on average (Level of return is an average across all stocks in the S&P500 index).

What are the risks associated with stocks?

Prices of stocks may also fluctuate due to reasons not necessarily directly connected to the company‘s economic results (e.g. cooling of the global economy or liquidity crises).
Stocks, just like any other investment product, are also accompanied by other risks, such as liquidity risk, legislative risk, currency risk, tax risk, interest rate risk, etc.

The investor should be aware of these risks and evaluate them on a continuous basis. Regarding the potential risks, more information is available here.

Stocks, like all investments, are accompanied by risks. It is important to understand that stocks do not guarantee a return.

Baltic stocks analysis

Keep up to date with the news of particular Baltic stocks (in Estonian).

Monthly overview of global financial markets

Read about global financial market trends and economic news.

The securities account can be opened in Internet Bank by company’s legal representative.
Apply for the LEI code.
Review information on transactions in financial instruments and the associated risks.
Choose your preferred stock.
Place an order for buying stock.

The LEI (Legal Entity Identifier) code is a global legal entity identifier consisting of a 20-digit code. Legal entities are required to have an LEI code in order to perform transactions with listed securities.
We offer our customers to apply for a LEI code through our partner LEI Register quickly and conveniently here. Registration and management of the code is paid.
More information about the LEI code can be found here.

In case of stocks investments, the investors themselves are liable for any applicable taxes according to the Corporate Income Tax Law.

Price list

Further information on payable and paid charges is available from the Bank.
If the Bank is obliged to pay taxes, fees, interest, penalties or incur other costs (that are not covered in the Bank’s price list below) for the provision of securities safekeeping and transaction services to the Client, the Bank shall have the right to debit such amounts from the Client’s Current Account without Client consent.

Account opening

Effective as of 01.12.2024

Securities Account	Free of charge
pledge / financial collateral account	30 €

Account closing

All securities account types	Free of charge

Empty account monthly fee

Fee applies in case of no balance on the securities account as of the last date of the previous calendar month.

Other securities account types	5 €

Account statements

Bank account statements available free of charge from internet bank.

Statement fees are subject to VAT.

For accounts opened with Estonian register of securities, account opening statement and statements of holdings and transactions for securities registered with the register are available at daily weekly, monthly, quarterly and annual frequency. Periodic statements are available free of charge at Nasdaq CSD Estonian branch Estonia webpage.

Bank statements
securities account statement of holdings / transactions from branch office	2 €
copy of transaction instruction	2 €
Nasdaq CSD Estonian branch statements	2 €

Trading of equities, bonds and Exchange Traded Fund (ETF) shares

Percentage based trading fees calculated from trade amount, in certain cases transaction fee will be added.

Trading fee is charged in trading currency based on the Bank’s exchange rates.

Trading via brokerage is subject to the Master Agreement for Financial Transactions. Information on the agreement is available from the Bank.

Trading orders transmitted to the Bank can be cancelled until executed.

In case the order is not executed in full during a single trading day, the trading fee (including minimum trading fee) for partial order execution is charged in full for each trading day when part of the order is executed.

On certain markets, minimum transaction amounts may apply.

A stamp duty of 0,5% of transaction amount on buying UK securities and 1% on buying Irish securities is added to the transaction charges. In certain events, a higher rate (1,5%), a bonus rate or tax exemption may apply for UK securities.

If purchase transactions are subject to FTT according to local market regulations (e.g. France, Italy, Spain), such tax is added to the transaction charges.

Exchange traded funds (ETFs) are treated as shares.

Trading via Swedbank brokerage on other markets is subject to prior agreement with the Bank.

Shares and ETF-s	Securities account in internet bank
Estonia, Latvia, Lithuania	Free of charge
Sweden, Finland, Denmark, Norway, USA, Germany, UK, Canada, Netherlands, France, Belgium, Ireland, Italy, Portugal, Spain, Switzwerland, Austria, Poland, Hungary, Czech	0,14%, min 9,90 €
Russia	0,30%, min 125 €

Shares and ETF-s	Branch office	Via brokerage
Shares and ETF-s Estonia	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 €
Shares and ETF-s Latvia	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 €
Shares and ETF-s Lithuania	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 €
Shares and ETF-s Sweden	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 500 SEK
Shares and ETF-s Finland	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 €
Shares and ETF-s Denmark	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 400 DKK
Shares and ETF-s Norway	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 400 NOK
Shares and ETF-s USA	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 USD
Shares and ETF-s Germany	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 €
Shares and ETF-s UK (London SE)	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 GBP
Shares and ETF-s UK London International (Russian and other GDRs)	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 USD
Shares and ETF-s Canada	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 CAD
Shares and ETF-s Netherlands	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 €
Shares and ETF-s France	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 €
Shares and ETF-s Belgium	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 €
Shares and ETF-s Ireland	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 €
Shares and ETF-s Italy	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 €
Shares and ETF-s Portugal	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 €
Shares and ETF-s Spain	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 €
Shares and ETF-s Switzerland	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 CHF
Shares and ETF-s Austria	Branch office 0,25%, min 50 €	Via brokerage 0,25%, min 50 €
Shares and ETF-s Poland	Branch office 0,25%, min 50 €	Via brokerage 0,25%, min 200 PLN
Shares and ETF-s Hungary	Branch office 0,25%, min 50 €	Via brokerage 0,25%, min 15000 HUF
Shares and ETF-s Czech	Branch office 0,25%, min 50 €	Via brokerage 0,25%, min 1300 CZK
Shares and ETF-s Russia	Branch office 0,3%, min 150 €	Via brokerage 0,3%, min 150 USD
Shares and ETF-s Bulgaria	Branch office 0,6%, min 50 €	Via brokerage 0,6%, min 150 BGN

Shares and ETF-s	Branch office	Via brokerage
Shares and ETF-s Estonia, Latvia, Lithuania	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 €
Shares and ETF-s Norway	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 400 NOK
Shares and ETF-s Sweden	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 500 SEK
Shares and ETF-s Finland	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 €
Shares and ETF-s Denmark	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 400 DKK
Shares and ETF-s Belgium, Spain, Netherlands, Ireland, Italy, France, Portugal, Germany	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 €
Shares and ETF-s Switzerland	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 CHF
Shares and ETF-s Austria	Branch office 0,25%, min 50 €	Via brokerage 0,25%, min 50 €
Shares and ETF-s Poland	Branch office 0,25%, min 50 €	Via brokerage 0,25%, min 200 PLN
Shares and ETF-s Hungary	Branch office 0,25%, min 50 €	Via brokerage 0,25%, min 15000 HUF
Shares and ETF-s Czech	Branch office 0,25%, min 50 €	Via brokerage 0,25%, min 1300 CZK
Shares and ETF-s Bulgaria	Branch office 0,6%, min 50 €	Via brokerage 0,6%, min 150 BGN
Shares and ETF-s Canada	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 CAD
Shares and ETF-s UK (London International)	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 USD
Shares and ETF-s UK (London SE)	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 GBP
Shares and ETF-s USA	Branch office 0,2%, min 50 €	Via brokerage 0,2%, min 50 USD

Bonds	Internet bank	Branch office	Via brokerage
Estonia	0,2%, min 3 €	-	0,2%, min 50 €
Latvia	0,2%, min 3 €	-	0,2%, min 50 €
Lithuania	0,2%, min 3 €	-	0,2%, min 50 €
trading in bonds in all other applicable markets via Swedbank brokerage	-	-	0,5%, min 50 €
transaction fee (all instruments)	Included in trading fee	Included in trading fee	3€ Baltic markets 4€ other markets

Bonds	Internet bank	Via brokerage
Bonds Estonia, Latvia, Lithuania	Internet bank 0,2%, min 3 €	Via brokerage 0,2%, min 50 €
Bonds Trading in bonds in all other applicable markets via Swedbank brokerage	Internet bank -	Via brokerage 0,5%, min 50 €
Bonds Transaction fee (all instruments)	Internet bank Included in trading fee	Via brokerage 3€ Baltic markets 4€ other markets

Transactions with investment fund units

Percentage based fees calculated from trade amount.

Fund orders submitted to the Bank cannot be cancelled.

Fund switch subject to the conditions specified in the fund terms, fee charged only on sell transaction.

Foreign fund transaction fee includes standard settlement fees charged by the Bank’s Custodians.

Other Estonian funds – subscription and redemption fee may be added subject to fund terms.

	Subscription	Regular investment	Redemption	Switch
Swedbank Group funds	Subscription Free of charge	Regular investment Free of charge	Redemption Free of charge	Switch Free of charge
SubscriptionRegular investmentRedemptionSwitch Other foreign fixed income funds
Franklin Templeton funds	Subscription 0,5% + 7 €	Regular investment 0,5%, min 0,75 €	Redemption 7 €	Switch 7 €
funds managed by other management companies	Subscription 0,5% + 21 €	Regular investment -	Redemption 21 €	Switch 21 €
SubscriptionRegular investmentRedemptionSwitch Other foreign equity and mixed funds
Franklin Templeton funds	Subscription 1% + 7 €	Regular investment 1%, min 0,75 €	Redemption 1% + 7 €	Switch 7 €
funds managed by other management companies	Subscription 1% + 21 €	Regular investment -	Redemption 1% + 21 €	Switch 21 €
Other Estonian funds	Subscription 1,5 €	Regular investment 0,75 €	Redemption 5 €	Switch 5 €

Other transactions with Estonian securities and fund units Fees charged from both parties of the transaction.
free of payment transaction	4,8 €
against payment transaction	3,2 €
pledge registration / amendment / appropriation	15 €
transfer of pledged securities	30 €
pledge release	Free of charge

Other transactions with foreign securities and foreign funds

Fees charged from both parties of the transaction.

Bank internal transactions are transactions between the securities accounts of the Bank’s clients.

Transaction fee includes standard settlement fees charged by the Bank’s Custodians.

Bank internal transactions	6 €
Bank external transaction
Latvia, Lithuania	10 €
Belgium, Canada, Denmark, Eurobond, Finland, France, Germany, Ireland, Netherlands, Norway, Sweden, UK, USA	15 €
Austria, Czech Republic, Hungary, Italy, Poland, Portugal, Spain, Switzerland	25 €
Bulgaria, Russia	45 €
foreign funds	45 €

Other transaction fees Cancellation is allowed if instruction is not yet processed by the Bank.
transaction cancellation	Transaction fee
other transactions based on bailiff’s instructions	Transaction fee
subscription to a new issue / Participating in an offer	Transaction fee

Monthly Securities Safekeeping Fees

Safekeeping fees are subject to VAT. VAT exemption applies if client safekeeps only units or shares of investment funds specified in the Investment Funds Act or investment/ exchange traded funds of the EEA member state.

Safekeeping fee is calculated based on the portfolio value on the last date of the calendar month. Securities are priced according to month end prices of the Bank’s local agents, market price or nominal value. Bonds are priced at nominal value. Fees are debited on the 20th or later date of the following month from the Client’s current account linked to the securities account.

ETF safekeeping fee equals to the safekeeping fee of its trading country.

Estonian investment funds units safekeeping fee equals to the safekeeping fee of Estonian securities.

Safekeeping of Depositary Receipts (ADR, GDR) is subject to the respective DR Agent’s fees in addition to safekeeping fee.

Safekeeping on other countries is subject to prior agreement with the Bank.

Other investments: Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK, USA, Depositary Receipts, Poland, Czech, Hungary, Bulgaria, Russia, foreign funds.

Swedbank Group funds	Free of charge
Estonia, Latvia, Lithuania	Free of charge
Other investments, equities, bonds
Up to 100 000 €	Free of charge
From the value above 100 000 €	0,008%
Safekeeping of Depositary Receipts (ADR, GDR) is subject to the respective DR Agent’s fees in addition to safekeeping fee.

Other Services

Fees for other services are subject to VAT.

Tax relief at source / tax reclaim and general meeting services are subject to availability on each specific market.

Maintenance fee is charged in addition to monthly securities safekeeping fee.

Maintenance fee is charged in addition to monthly securities safekeeping fee. Actual cost amount depends on the costs of service on each specific market.

Tax reclaim fee will be debited as soon as the tax reclaim application is submitted by the client. The fee will be debited from clients cash Account which is linked to securities account. The fee will not be refunded in case the application is denied by third parties.

Participation in general shareholder’s meeting	subject to prior agreement
Tax reclaim	subject to prior agreement
Tax relief at source	subject to prior agreement

Mandatory corporate actions	free of charge
Participation through the bank / representing a client at a general meeting	120 € + actual costs
Processing of electronic voting instructions at general meeting	50 € + actual costs
Other corporate action	subject to prior agreement
Tax reclaim	60 € + actual costs
Tax relief at source	free of charge

Not a customer yet?

Stocks

Investing is for everybody

Why invest in stocks?

What are the risks associated with stocks?

Where can I get advice?

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ETFs

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