Price list and terms and conditions of AS SEB Pank will change
Our general terms & conditions and the terms and conditions of several products will change from 26 June 2025.
To follow the rules of the Products and Services Accessibility Act, we have updated the wording of our private client product and service terms. The text is now written at B2 language level, so important information is clearer and easier to understand. Accessibility means designing products and services to be usable also by the people with special needs.
In addition to linguistic editing, we have made substantive additions and clarifications to the General Terms & Conditions, the Terms & Conditions of the Current Account Agreement and Settlement, the Terms & Conditions of the Temporary Card Agreement, Debit Card Agreement, Credit Card Agreement, Term Deposit Agreement, Savings Deposit Agreement and Pension Investment Account Agreement. You can read more about the changes below.
From 1 July 2025, our price list and interest rate for private client’s current accounts will change.
From the beginning of July, we will pay private clients interest 0.01% per year on the balance of a current account (except for credit card accounts). We decided to lower the interest rate because interest rates in the financial markets have gone down overall.
Changes to the price list
| Service | Currently valid | From 01.07.2025 |
|---|---|---|
| Amendment of transfer order - European payment | EUR 10 | Service offering discontinued |
| Changes of the service name and footnotes | Revoking a transfer oder (1) (1) Charges of foreign banks and the cost of conversion will be added. Payment of the commission fee does not guarantee the return of money to Customer’s account. Return of the executed payment is possible only with the consent from the receiver of the payment. | Sending payment transaction recall (1) (1) If the transfer order cannot be revoked and the payment amount was debited from the customer's account less than 13 months ago, the bank will forward the request to revoke the payment transaction to the payment intermediary, the beneficiary's bank or the beneficiary. Charges of foreign banks, payment intermediaries and the cost of conversion may be added. Payment of the commission fee does not guarantee the return of money. Return of the executed payment is possible only with the consent from the receiver of the payment. |
| Addition of a service footnote | Certificate on forwarding a payment (regular, by e-mail) Certificate on forwarding a payment (on demand) | Certificate on forwarding a payment (regular, by e-mail) (2) Certificate on forwarding a payment (on demand) (2) (2) The certificate is issued in Estonian or English. |
| Other cards | Currently valid | From 01.07.2025 |
|---|---|---|
| Issuing of temporary card in the branch | EUR 3 | EUR 5 |
| General transaction and service fees | Currently valid | From 01.07.2025 |
|---|---|---|
| Sending a card by registered mail in Estonia | EUR 5 | Service offering discontinued |
| General transaction and service fees | Currently valid | From 01.07.2025 |
|---|---|---|
| Temporary limit increase | 1.5% of additional limit, min. EUR 8 | Service offering discontinued |
| Additional services | Currently valid | From 01.07.2025 |
|---|---|---|
| Subsequent issuance of Smart-ID at a bank office (1) | EUR 5 | EUR 10 |
| Subsequent issuance of Smart-ID at a bank office for minors | Free of charge | EUR 10 |
| Replacement of PIN-calculator | EUR 8 | EUR 15 |
(1) Price includes VAT as per Value Added Tax Act
| Other loan-related services | Currently valid | From 01.07.2025 |
|---|---|---|
| Certificate on paid interests | EUR 4 | EUR 5 |
| Brokerage fee for securities | Currently valid | From 01.07.2025 |
|---|---|---|
| Removed Russian shares | Polish, Czech, Hungarian, Russian shares 0,25%, min. EUR 25 | Polish, Czech, Hungarian shares 0,25%, min. EUR 25 |
| Monthly fees | Currently valid | From 01.07.2025 |
|---|---|---|
| SEB Private Banking client agreement fee (1) | EUR 29 | EUR 36 |
(1) Price includes VAT as per Value Added Tax Act. From investment portfolio management or portfolio account agreement owner, client agreement fee is not charged..
| Card fees | Currently valid | From 01.07.2025 |
|---|---|---|
| Mastercard World Elite credit card | ||
| - activate a card (incl. replacement, additional and prolonged cards) through Private Banking (2) | EUR 15 | EUR 19 |
| - monthly fee | EUR 15 | EUR 19 |
(2) A card ordered to a bank office always activated by an employee of the bank office when the card is issued.
| Service | Currently valid | From 01.07.2025 |
|---|---|---|
| Monthly current account management fee for credit institutions (1) | - | EUR 1000 |
(1) Monthly account management fee is applied on client basis (does not depend on the number of accounts).
Changes to terms and conditions
In which we have edited the wording and made clarifications
In the General Terms & Conditions, we specified the grounds for refusal to enter into a contract and for extraordinary termination of a contract as well as the grounds for blocking transactions in order to comply with the due diligence measures set forth by law. We updated the terms and conditions of processing information subject to bank secrecy, including data exchange within the SEB Group, so that we can perform our group-wide financial and control functions.
In the Terms & Conditions of the Current Account Agreement, we specified how interest is paid. We will credit interest to the client's account if the accrued interest equals or exceeds the amount set for making a payout. In addition, we will issue certificates of transmission of payments in Estonian or English.
In the Terms of Settlement, we clarified the definition of a European payment, the deadlines for the execution of payment orders and the possibilities and conditions for revoking payment orders.
We clarified and updated definitions and wording throughout the Terms & Conditions of Temporary Card Agreement. For example, we clarified the conditions relating to the application of the deductible limit. We will updated the chapter on the general terms and conditions, including the terms and conditions concerning the setting of limits and the obligations of the account holder, the issue and validity of cards, the security of cards, the execution of operations, the blocking of cards, the liability of the parties, the resolution of disputes and the term, amendment and termination of the agreement. We added a term: authorisation.
We clarified and updated definitions and wording throughout the Terms & Conditions of International Debit Card Agreement. For example, we clarified the conditions for carrying out operations and applying the deductible limit as well as the conditions for the term, amendment and termination of the contract. We extended the chapter on general provisions, including the conditions on the setting of limits and the obligations of the account holder, the issue and validity of the card and the liability of the parties. We added the terms: reserved amount and international card organisation.
We clarified and updated definitions and wording throughout the Terms & Conditions of Credit Card Agreement. We added a provision about the obligation of the cardholder to introduce the Terms & Conditions of the Credit Card Agreement to the card user. We completed the sections on the issue and validity of the card, dispute resolution and the liability of the parties and clarified the application of the card’s deductible limit. We added the terms: reserved amount and international card organisation.
In the Terms & Conditions of the Term Deposit Agreement, we specified that if we do not offer an automatic renewal option at the time of renewal, or do not offer it at all, or do not offer it for a specific currency/maturity, we will consider the automatic renewal to have ended.
In the Terms & Conditions of the Savings Deposit Agreement, we changed the definitions related to automatic depositing.
In the Terms & Conditions of the Pension Investment Account (PIA) Agreement, we added a new condition under which the PIA contract will be deemed to be terminated when the client has transferred financial assets from the PIA and the money has been paid to the client (i.e. when the client has left the Pillar II scheme).
In which we have edited the wording
Terms and conditions of the Internet Bank for private individuals
Private loan product terms and conditions
Terms and conditions of Service Plan Agreement for private customer
Terms and conditions of e-invoice with automated standing order agreement
Terms and conditions of digital coin jar agreement
Terms and conditions of standing order agreement
Terms and Conditions of SEB Financial Planner
Terms and conditions of the notification services agreement
The Terms and Conditions of all, including updated SEB products and services, are available on the SEB Terms and Conditions page.
The changes to the price list will take effect automatically from 1 July and the changes in the terms and conditions of products from 26 June. It a client does not consent to the changes, they have the right to terminate the contract(s) concluded with the Bank no later than 25 June 2025.
