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- You can make domestic, European and other cross-border payments
- When entering a payment you can use pre-filled forms and add information for other users
- You can confirm payments one by one immediately after entering them or as a consolidated payment (i.e. no code is required for every individual payment)
With a consolidated payment order, for example, it is convenient to make salary payments. The account will be debited in one amount and the bank will distribute the amount to predefined beneficiaries. Internal payments, made with a consolidated payment, are free of charge - You can import payments to Internet Bank from the accounting program
- Compatibility of the Internet Bank with various accounting software solutions simplifies daily operations. For example, you can direct payments from the accounting software directly into Internet
- Bank and account statements to the accounting program
- Upon need, you can set up the Internet Bank in a manner that a payment must be confirmed by several users
- You can add the bank’s digital signature to the payment receipt. This enables to use the electronic receipt as an evidence of concluded payment
- You can repay credit card loan
- You can declare cross-border payments
- E-invoices make payment of bills easy and fast
- A signing weight indicates the maximum amount of payment, which if exceeded, needs certain aggregated amount of signing weights in order to be executed.
- You can establish different signing limits for each account.
- Every user may have a different signing weight for each account.
- You can establish signing weights in Internet Bank, under menu "User rights and limits" → “Signing settings”.
Common signing weights
Payments exceeding EUR 10,000 need approval of the company manager.
- Signing limit EUR 10,000, requested signing weight 100%
- Signing weight of 0% is assigned to persons, who enter the payments
- Signing weight of 100% is assigned to the company manager
All payments need the confirmation of one accountant and the company manager.
- Signing limit 0, requested signing weight 100%
- Signing weight of 25% is assigned to the accountants
- Signing weight of 75% is assigned to the company manager
All payments need the confirmation of both accountants.
- Signing limit 0, requested signing weight 100%
- Both accountants are assigned a signing weight of 50%
Payments in amount up to EUR 5000 need the confirmation of two accountants;
a payment in larger amount has to be confirmed also by chief accountant. Chief accountant can make all payments also alone.
- Signing limit 0, requested signing weight 50%
- Signing limit EUR 5000, requested signing weight 100%
- Both accountants are assigned a signing weight of 25%
- Chief accountant is assigned a signing weight of 100%
A company (or its subsidiary), holding an account in a foreign bank, can order foreign bank account statements to Internet Bank and send transfer orders via Internet Bank for making payments from the foreign bank account.
To order the service, contact business client executive or your nearest SEB branch.
Initiating a payment from a foreign bank account
- Choose in Internet Bank for Business the cross-border payment form and the respective account in a foreign bank.
- SEB forwards your payment order as a message in SWIFT MT101 format to the respective foreign bank, who will execute the order.
- According to an agreement, the foreign bank accepts such a payment order equally with a payment order, submitted to the bank directly.
Receiving account statements from a foreign bank
- The foreign bank sends account statements to SEB via SWIFT every day or every week.
- To view the statements, select under menu of account statements the respective account in the foreign bank and enter the desired period.
- As a separate service, you can order from the foreign bank intraday balance information up to three times a day.
- Order accounting documents, summary account statement or unnumbered statement to Internet Bank for Business. Account statement can be ordered by a person, who is authorised to sign account-related contracts with the bank
- With the help of a cash pool account, you will get an overview of the financial status of the group, view the turnover, internal limits and credit card statements, group internal interests and end-of-day balance
- You can change intra-group limits and interests and order interest calculation report on overnight deposit. You can enter internal interest rates and limits, applicable in the future. In addition, you may now adjust the settings of balancing between currencies (needs a separate agreement)
- You can view and make transfers from the SEB current accounts located in other Baltic countries. For example, a business client of SEB Estonia can view and make transfers from SEB current accounts located in Latvia and Lithuania
- Account Information Service enables you to link your other bank’s current accounts to SEB Internet Bank and manage your financial matters in one place
- You will also have a possibility to manage your foreign bank accounts. A company (or its subsidiary), holding an account in a foreign bank, can order foreign bank account statements to Internet Bank and send transfer orders via Internet Bank for making payments from the foreign bank account.
- Opening a current account and deposits
- Choosing a suitable daily settlement plan
- Signing and amending standing payment order contract
- Signing e-invoice automated standing payment order contract
- Ordering a virtual card for payments on the Internet
- Ordering a debit card
- Submitting credit card application
- Applying for payment solutions (accepting card payments, e-commerce)
- Opening securities account, making transactions and make inquiries
- Signing Express Notification Contract for ordering an SMS or e-mail on account movements
- Staggering of commission fees
- Applying for bank guarantees, letters of credit, documentary collections
- Signing Bank Link contract
- Obtaining information on active loan, surety and guarantee contracts
- Submitting loan and lease applications
- Signing lease contracts
