Processing of payments during holidays from 24 to 28 March

From 25 to 28 March Europe will be celebrating Easter. The pan-European clearing systems will be closed during the holidays, accordingly interbank 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.

Interbank payments in euros
We accept domestic interbank payments in euros made from 25 to 28 March and debit these from the customer’s account, however will forward to the beneficiary’s bank on 29 March.

Payments made on 24 March, will be sent to the beneficiary’s 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 29 March.
• 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 29 March.

Cross-border payments in euros

• Ordinary payments will be sent to the beneficiary’s and/or correspondent bank on 30 March
• Urgent payments will be forwarded on 29 March, if made before 3 p.m. Payments received after 3 p.m. will be forwarded on 30 March.
• 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 29 March.

Cross-border payments in other currencies

• Ordinary payments will be sent to the beneficiary’s and/or correspondent bank on 29 March.
• Urgent payments will be forwarded on 28 March, if made before 3 p.m. Payments received after 3 p.m. will be forwarded on 29 March.
• 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 28 March.

Settlements with domestic and international securities
Securities (shares, bonds and fund units, incl. pension funds) are not settled from 25 to 28 March.

Mobile payments are processed also during holidays
Mobile payment is credited immediately to the beneficiary also during the weekends and holidays. Mobile payment can be effected between accounts of banks offering the service (currently SEB and Swedbank). For additional information go: http://www.seb.ee/eng/everyday-banking/service-channels/mobile-payments

Further information is available from Customer Support 665 5100 or info@seb.ee