Processing of payments during holidays from 2 to 6 April

From 3 to 6 April, Europe will be celebrating Easter. The pan-European clearing systems will be closed during the holidays, accordingly domestic interbank and cross-border payments in euros will not be settled.

Intrabank payments
All intrabank payments made in SEB will generally reach the beneficiary’s account immediately, but not later than within one hour.

Domestic payments in euros
We accept domestic interbank payments in euros made from 3 to 6 April and debit these from the customer’s account, however will forward to the beneficiary’s bank on 7 April.

Payments made on Thursday, 2 April, will be sent to the beneficiary’s and/or correspondent bank according to the following schedule:

European Payments: 

• European (i.e. SEPA) payments received before 4.30 p.m. will be forwarded on the same settlement day. Payments received after 4.30 p.m. will be forwarded to the beneficiary’s bank on 7 April.
• European express payments received before 5.45 p.m. will be forwarded on the same settlement day. Payments received after 5.45 p.m. will be forwarded to the beneficiary’s bank on 7 April.

Cross-border payments in euros

• Express payments and SEB Group payments will be forwarded on the same settlement day, if made before 3 p.m. Payments received after 3 p.m. will be forwarded on 7 April.
• Urgent payments will be forwarded on the same settlement day, if made before 3 p.m. Payments received after 3 p.m. will be forwarded on 8 April.

Ordinary payments will be sent to the beneficiary’s and/or correspondent bank on 8 April.

Cross-border payments in other currencies

• Express payments and SEB Group payments will be forwarded on the same settlement day, if made before 3 p.m. Payments received after 3 p.m. will be forwarded on 6 April.
• Urgent payments will be forwarded on the same settlement day, if made before 3 p.m. Payments received after 3 p.m. will be forwarded on 7 April.
• Ordinary payments will be sent to the beneficiary’s and/or correspondent bank on 7 April.

The crediting of the amount to the beneficiary depends on the holidays of the receiving country and bank.

Settlements with domestic and international securities
Securities (shares, bonds and fund units, incl. pension funds) are not settled from 3 to 6 April.

We recommend planning all payments to be made during holidays well in advance and if possible, using intrabank settlement.

Further information is available from Customer Support 665 5100 or via Skype (username seb.eesti).