Changes in the price list and the terms and conditions of AS SEB Pank
On 1 September 2022, changes to the price list of AS SEB Pank and to the general terms and conditions, the terms and conditions of internet-bank for business customer and the terms and conditions of debit and credit cards will enter into force. In spite of the rapid increase in prices, the fees of the daily banking products and services of SEB in the electronic channels will remain at the same level.
Changes in the price list
Despite the overall increase in prices, we want to keep the prices of our products and services stable. Therefore, we leave the fees for daily banking services carried out in all our electronic channels – in the mobile application and in the internet bank – at the same level. In the price list, some fees for making payments at branch offices will be increased, so we recommend using our 24/7 working electronic channels, where the service fees will remain the same.
| General transaction and service fees | Currently valid | From 01.09.2022 |
|---|---|---|
| Sending a card by | ||
| - registered mail in Estonia | EUR 2.50 | EUR 5 |
| - mail outside Estonia | EUR 6 | EUR 10 |
| Mastercard Business debit card | Currently valid | From 01.09.2022 |
|---|---|---|
| Activating the card at a bank office or through the customer support (1) | EUR 3 | EUR 5 |
| Activating the prolonged card at a bank office or through the customer support (1) | EUR 3 | EUR 5 |
(1) A card ordered to a bank office always activated by an employee of the bank office when the card is issued.
| Outgoing payments at the branch office | Currently valid | From 01.09.2022 |
|---|---|---|
| 1. Internal payment | ||
| - in euros | EUR 2.30 | EUR 5 |
| - in foreign currency | EUR 3 | EUR 5 |
| 2. European payment | ||
| - ordinary payment (incl. instant payment) | EUR 3.50 | EUR 5 |
| Legal entity | Currently valid | From 01.09.2022 |
|---|---|---|
| Monthly account management fee for payment and e-money institutions | EUR 500 | EUR 700 |
| Securities account (legal entity) | Currently valid | From 01.09.2022 |
|---|---|---|
| Opening the Baltic Securities account | EUR 25 | in the internet bank free of charge; at the branch office EUR 3 |
| Legal entity | Currently valid | From 01.09.2022 |
|---|---|---|
| Identification of the customer’s representative or account user via SEB bank in Latvia or Lithuania (1) | - | EUR 150 (2) |
(1) A fee is charged for the identification of each person.
(2) VAT as per Value Added Tax Act will be added to the price.
| Currently valid | From 01.09.2022 | |
|---|---|---|
| 1. Choice application for the II pillar pension fund | ||
| - under power-of-attorney | EUR 4.79 | EUR 3 |
| 2. Application for exchanging the II pillar pension fund units | ||
| - under power-of-attorney | EUR 6.39 | EUR 3 |
| 3. Succession application | ||
| - resale of inherited fund units | EUR 22.37 | EUR 22 |
| - transfer of inherited fund units to the successor's pension account | EUR 6.39 | EUR 3 |
| - resale of inherited fund units and transfer to the successor's pension account | EUR 22.37 | EUR 22 |
| 4. Payout applications at the retirement age | ||
| - application for single payout | At the branch office EUR 4.79 / via SEB internet bank EUR 3.52 | At the branch office and/or via the internet bank EUR 3.00 |
| - statement of partial payment from pension funds | - | Free of charge at the branch office and the internet bank |
| - application for payment from the pension investment account | - | Free of charge at the branch office and the internet bank |
| - funded pension application | At the branch office EUR 6,39 / via SEB internet bank EUR 5.11 | At the branch office and/or via the internet bank EUR 5.00 |
| Currently valid | From 01.09.2022 | |
|---|---|---|
| Disbursement applications | ||
| Submission of an application for opening a supplementary fund pension in SEB internet bank | - | EUR 3.20 |
| Monthly fees | Currently valid | From 01.09.2022 |
|---|---|---|
| 1. Monthly fee for SEB Private Banking for clients with liquid assets (EUR 200,000 at minimum) (1) | EUR 35 | EUR 39 |
| 2. Monthly fee for the SEB Private Banking Plan for clients with liquid assets (EUR 200,000 at minimum) (1) | EUR 55 | EUR 62 |
| Card fees | Currently valid | From 01.09.2022 |
|---|---|---|
| Mastercard World Elite credit card (with Priority Pass service and travel insurance World Elite) | ||
| - issue (with the cover of Emergency service, incl. prolongation) | EUR 35 | EUR 39 |
| - monthly fee | EUR 35 | EUR 39 |
| - replacement card | EUR 15 | EUR 19 |
| - additional card | EUR 35 | EUR 39 |
| Outgoing payments through Private Banking | Currently valid | From 01.09.2022 |
|---|---|---|
| 1. Internal payment | ||
| - in euros | EUR 2.30 | free of charge |
| - in foreign currency | EUR 3 | free of charge |
| 2. European payment | ||
| - ordinary payment (incl. instant payment) | EUR 3.50 | free of charge |
(1) The price includes VAT according to the Value Added Tax Act.
| Amendment of contractual conditions | Currently valid | From 01.09.2022 |
|---|---|---|
| Amendment of changing interstate from floating to fixed for valid leasing contract upon customer’s request | 1% on outstanding residual value, min EUR 160 |
EUR 50 |
| Powers of attorney, deeds, certificates, bills and other | Currently valid | From 01.09.2022 |
|---|---|---|
| Issue of a specific statement or report upon the client's request; confirmation of a period turnover statement provided by the client | EUR 30 | EUR 50 |
Amendment of the terms and conditions
In the General Terms and Conditions of SEB Pank, the right of the bank to establish customer-specific restrictions on the use of services for the management and alleviation of the risks of money laundering, terrorist financing, and international sanctions, as well as the right to restrict the provision or use of services and terminate the customer relationship if the customer fails to comply with international sanctions in their activities have been complemented.
AS SEB Pank General Terms and Conditions as of 1. September 2022
In the Terms and Conditions of debit and credit card agreements, the definitions and wording have been amended and the structure of the terms and conditions has been adjusted. Furthermore, in the terms and conditions of credit card, the terms of blocking the credit limit, blocking the card and the possibilities for paying by using the digital version of a credit card in the mobile application have been specified.
Terms and Conditions of credit card agreement as of 1. September 2022
Terms and Conditions of international debit card agreement as of 1. September 2022
Provisions have been added to the Terms and Conditions of the internet bank, which specify the removal of the access rights of users in the internet bank for business customers.
Terms and Conditions of the internet bank for business as of 1. September 2022
The Terms and Conditions of all, including updated SEB products and services, are available on the SEB Terms and Conditions page.
If you accept the changes, you do not need to take any further action: your agreement(s) will be subject to the new price list and the new terms and conditions as of 1 September 2022. If you do not agree to the changes in the price list or the terms and conditions, you have the right to terminate the agreement(s) with the bank by no later than 31 August 2022.
