Processing of payments during holidays on 1 May

On 1 May the pan-European clearing systems will be closed, accordingly domestic interbank and cross-border payments in euros will not be settled.

Intra-bank payments

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

Payments in euros

We accept domestic interbank payments in euros made on 1 May and debit these from the customer’s account, however will forward to the beneficiary’s bank on 4 May.
Payments made on Thursday, 30 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 4 May.
• 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 4 May

Cross-border payments:

• 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 4 May.
• Urgent payments will be forwarded on 4 May, if made before 3 p.m. Payments received after 3 p.m. will be forwarded on 5 May.
• Ordinary payments will be sent to the beneficiary’s and/or correspondent bank on 5 May.

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 on 1 May.

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

Mobile payments work also on publik holidays
A mobile payment is received immediately, including on weekends and public holidays as well as between different banks providing the service (at the moment, only SEB and Swedbank offer mobile payments). See more: www.seb.ee/eng/everyday-banking/service-channels/mobile-payments

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