LHV review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
LHV pairs a free euro current account with fixed-term deposits that pay a fixed rate. It suits savers in the euro area who can leave money locked for a term, with a monthly fee of €0 and deposit protection of EU DGS up to EUR 100,000.
Key facts
- Best for
- A free euro account with a fixed-term deposit and EU deposit protection.
- Monthly fee
- €0↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Currency conversion fee
- 1%↗
- Currencies
- 15↗
- Local account details
- IBAN↗
- Free ATM withdrawals
- €2,000↗
- Transfer fee
- SEPA and intra-bank outgoing payments free of charge; foreign payment 7 EUR via internet bank or mobile app, 12 EUR with LHV client service↗
- Legal entity
- AS LHV Pank↗
- Headquarters
- Estonia↗
- Founded
- 1999↗
- Support channels
- Email, Chat, Phone, Help-centre↗
- Audience
- Expats, Business, Students, Teens
- Pricing model
- No monthly fee
- Features
- Free ATM withdrawals
- Official website
- lhv.ee
Savings
Money transfer
- Exchange rate markup
- 1%↗
- Delivery time
- SEPA instant payment: within 10 seconds; regular foreign payment: 2-5 banking days↗
- Payout methods
- Bank↗
- Fee to send 1,000
- €0↗
Facts checked September 26, 2026, 7 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- Monthly fee of €0 and SEPA and same-bank payments at €0
- Fixed-term deposits paying 1.9% to 2.45% over terms of 1 to 24
- Deposits covered by EU deposit protection of EU DGS up to EUR 100,000
- Support runs through email, chat and phone, including a phone line and a help centre
Cons
- Currency conversion costs 1% on a margin of 1%, against a site median of 0.22%
- Fixed deposits tie your money up for terms of 1 to 24
- Foreign payments cost more, and the charge is higher when client service places the order than when you order online
Who it suits
- Eurozone residents and expats who want local IBAN details
- Savers who can leave money locked for a fixed term
- Businesses and students opening an account at a bank
Who should look elsewhere
- People trading many currencies, since the conversion fee of 1% sits above the everyday-accounts median of 0.22%
- Anyone who needs instant access to savings, since the account kind is fixed
- PayPal Colombia or Skrill users who mainly move money through a wallet rather than a bank account
How LHV compares
9.2 vs 8.7
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9.2 vs 8.0
9.2 vs 8.9
9.2 vs 9.1
9.2 vs 9.2
9.2 vs 8.7
9.2 vs 8.7
9.2 vs 8.7
9.2 vs 9.0Charges 3.99% on conversion against 1% at LHV, so the fee profile is the main trade-off.
9.2 vs 8.7
9.2 vs 9.5
9.2 vs 9.4
9.2 vs 9.3
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.1
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 8.9
9.2 vs 8.9- 9.2 vs 8.9
9.2 vs 8.7
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.4
9.2 vs 8.3
9.2 vs 8.2
9.2 vs 8.1- 9.2 vs 8.1
9.2 vs 8.0
9.2 vs 8.0
9.2 vs 8.0
9.2 vs 9.1
Where LHV is available
- Available
- Estonia
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does LHV charge each month to keep an account?+
The monthly fee is €0, and the account model is a no monthly fee account. That puts it at rank 1 of 500 brands on monthly fee, with free ATM withdrawals covering €2,000.
How much does it cost to send money abroad?+
SEPA and same-bank outgoing payments cost nothing, and the outgoing transfer fee is €0. Payments to other countries cost more, with a lower charge when ordered in online banking or the app than when the client service places them.
What interest does a term deposit pay, and for how long?+
Term deposits pay a fixed rate of 1.9% to 2.45% on terms of 1 to 24, with a minimum deposit of €100. The account kind is fixed, so the rate is set when you open the deposit and does not move afterwards. Interest is paid at the end of the term.
How is my money protected at LHV?+
Deposits sit under EU deposit protection of EU DGS up to EUR 100,000. On a fixed-term deposit, the balance returns to your account on the first morning of the final day of the agreement, and the interest is paid at the end of the term.
How many currencies can I hold and what are local account details like?+
LHV supports 15 currencies and gives local account details as an IBAN. The currency conversion fee is 1%, with an exchange rate markup of 1%, and support runs through email, chat and phone.
How fast do payments go out?+
A SEPA instant payment lands within seconds, and an ordinary foreign payment takes a few banking days. Payouts and incoming money are handled through a bank account. The currency conversion fee of 1% applies whenever money moves between currencies.
Who is LHV aimed at?+
LHV lists its audience as expats, business and student, and it is headquartered in Estonia as AS LHV Pank. It was founded in 1999. The account is built for euro use, with a euro monthly fee of €0.
What deposit options are there and what do they pay?+
The deposit is a fixed-term one, with a headline rate of 1.9% to 2.45% and terms of 1 to 24. The minimum deposit is €100. The balance returns on the first morning of the last day of the agreement, and the interest lands once the term ends.
Sources
- esma.europa.eu/sites/default/files/2024-12/CASPS.csv checked September 26, 2026
Backs: Deposit protection
- lhv.ee/en checked September 26, 2026
Backs: Audience
“Become a customer: Private customer, Premium customer, Business customer, Child account, Youth bank, Private banking, Non-resident”
- lhv.ee/en/about checked September 26, 2026
Backs: Founded, Headquarters, Legal entity
“LHV was founded in 1999, by Rain Lohmus and Andres Viisemann”
- lhv.ee/en/contact/customer-support checked September 26, 2026
Backs: Support channels
“visit our frequently asked questions section or our chatbot Uku may be able to help. 6 800 400, info@lhv.ee”
- lhv.ee/en/faq/payments checked September 26, 2026
Backs: Delivery time, Payout methods
“If you make a payment under EUR 100,000 and the recipient's bank accepts instant payments, the money will reach the recipient's account within 10 seconds”
- lhv.ee/en/payments checked September 26, 2026
Backs: Currencies
“Payments can be initiated to following currencies - AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, JPY, NOK, PLN, RON, SEK, USD”
- lhv.ee/en/price-list checked September 26, 2026
Backs: Free ATM withdrawals, Features, Currency conversion fee, Exchange rate markup, Local account details, Pricing model, Monthly fee, Transfer fee, Fee to send 1,000
“From LHV ATMs: free of charge + 0.3% of the amount that exceeds 2,000 EUR per month”
- lhv.ee/et/tahtajaline-hoius checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Rate type, Term
“Hoiustatud raha laekub hoiuselepingu viimase päeva hommikul automaatselt sinu kontole ... Intressimakse toimub hoiuperioodi lõpus”
Compiled from 8 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type.