Payments in euros
- Quick and convenient way of transferring money to other banks in Estonia, European Union, European Economic Area countries and the United Kingdom
- Payments up to 15 000 euros are made immediately, if the beneficiary bank is eligible for Instant payments
- Apply for a service plan to make Instant and SEPA payments free of charge
Service
This type of transfer is beneficial when you need to transfer funds in euros to accounts in European Union’s member states, United Kingdom, Switzerland, Monaco, San Marino, Andorra, as well as in European Economic Area – Norway, Iceland and Lichtenstein.
European payment fees are paid accordingly: remitter pays SEB commission fees, whereas the beneficiary pays other bank’s commission fees.
There are three types of European payments: Instant, Standard SEPA and Express SEPA.
Order fulfilment duration
If money is transferred to you from an account opened with banks in Latvia, European Union or European Economic Area countries, the funds will be credited to your account on the same day they reach SEB.
What should you specify to the remitter for money to be credited to your account?
If you are expecting money transfer to your account with the SEB, you should specify to the remitter following details:
- The correct number of your account with the SEB in the IBAN format (the funds are credited to the account based on the number)
- Your first name and surname
How to transfer funds?
There are several ways you can transfer money to your or to any other account in Estonia, European Union, European Economic Area countries and the United Kingdom: online, via mobile app or by visiting our branch:
- Log in to the internet bank, select “Payments” → “New payment”, complete the required fields of the electronic payment order and confirm the transaction
- Open SEB mobile app
- Visit a SEB branch of your choice and bring your personal identity document. Remember to book the meeting first
Estonian special characters added to the payment order will be sent to beneficiary only if beneficiary’s account is opened with a Lithuanian bank. If beneficiary’s account is in a foreign bank, Estonian special characters will be changed to Latin characters.
| Outgoing payments | At a bank office | Electronic services (incl. standing payment order, banklink payment |
|---|---|---|
| 1. Internal payment (1) | ||
| in euros (9) | EUR 5 | EUR 0.25 |
| in foreign currency | EUR 5 | EUR 2 |
| intra-account conversion | free of charge | free of charge |
| 2. European payment (1,2) | ||
| ordinary payment (incl. instant payment (3)) (9) | EUR 5 | EUR 0.25 |
| express payment (4) | EUR 35 | EUR 30 |
| 3. Cross border payment | ||
| ordinary payment | ||
| - with shared charges | EUR 25 | EUR 6 |
| - without charges to beneficiary (5) | EUR 45 | EUR 26 |
| urgent payment | ||
| - with shared charges | EUR 35 | EUR 14 |
| - without charges to beneficiary (5) | EUR 55 | EUR 34 |
| express payment in euros | ||
| - with shared charges | EUR 35 | EUR 30 |
| - without charges to beneficiary (5) | EUR 55 | EUR 50 |
| express payment in foreign currency (6) | ||
| - with shared charges | EUR 60 | EUR 39 |
| - without charges to beneficiary (5) | EUR 80 | EUR 59 |
| additional fee for payment to high sanction risk country (8) | EUR 100 | EUR 100 |
| 4. Transfer order for debiting in consolidated amount (7) | - | EUR 0.16 |
| the internal payment on the transfer order | - | EUR 0.25 |
| the ordinary European payment on the transfer order (incl. instant payment) (2, 3) | - | EUR 0.25 |
| 5. Exchange rates used for executing a payment transaction | ||
| an amount corresponding to 10 000 euros or equivalent in other currency | transfer purchase or sale rate of the respective currency valid at the bank at the moment of debiting | transfer purchase or sale rate of the respective currency valid at the bank at the moment of debiting |
| an amount starting from 10 000 euros or equivalent in other currency |
Market rate determined by the bank, if the payment is made on a settlement day from 9.00 to 17.00. |
Market rate determined by the bank, if the payment is made on a settlement day from 9.00 to 17.00. |
(1) Upon compulsory collection (attachment order of a bailiff, tax administrator, other entitled persons) the fee for a payment made at a branch office shall apply.
(2) Payments in euros, shared charges, beneficiary’s account number must be indicated with IBAN. The beneficiary’s bank is in a member state of the European Union, Iceland, Liechtenstein, Norway, Switzerland, Andorra, San Marino, United Kingdom, Monaco or Vatican City.
(3) Instant payments can be made only in electronic channels.
(4) Payment originated in euros only to a member state of the Eurozone (Austria, Belgium, Estonia, Spain, Netherlands, Ireland, Italy, Greece, Cyprus, Lithuania, Luxembourg, Latvia, Malta, Portugal, France, Germany, Slovak Republic, Slovenia, Finland), if the bank has accepted the payment before 17.00. The beneficiary's bank must have a correct BIC and account number must be indicated with IBAN.
(5) Can be made only to a beneficiary’s bank outside the EEA contracting country. If the actual costs of other payment service providers, participating in processing a cross border payment, exceed EUR 20, the bank may later debit in addition the difference of the commission fees from the client’s account, however not more than within an amount, corresponding to EUR 75. The bank ensures transfer of the cross border payment in full amount from the bank’s correspondent account, however shall not guarantee that the payment is received in the beneficiary’s account in full amount.
(6) Upon agreement with the Markets department.
(7) A transfer order for debiting a consolidated amount can be forwarded from electronic channels via SEB Baltic Gateway and SEB Internet Bank for Business.
(8) High sanction risk payment fee is applied for executing transfer order to countries which under the assessment of the bank are considered to be of higher sanction risk. Full list of high sanction risk countries is available on our homepage. Fee shall be charged additionally to other fees for the payment services as described in the price list. Fee is applicable to business clients only.
(9) The service fees for Salary payment product are applied to each individual payment separately.
The service fee for a cross-border payment has up to three different components depending on the type of payment:
1. the SEB Estonia services fee
2. the services fees of foreign banks
3. the services fees for handling a payment order as an urgent payment
| Receivables | |
| 1. Internal | free of charge |
| 2. European payment (1) | free of charge |
| 3. Cross border payment International (2) | EUR 5.75 |
| from the Baltic banks of the SEB Group | free of charge |
| - additional fee for payment from high sanction risk country (3) | EUR 100 |
(1) Cross-border receivable in euros with shared charges. Beneficiary's account number must be indicated with a proper IBAN and remitter's bank has to be an European bank.
(2) An incoming payment is free of charge if the transfer order has been marked by remitter’s bank as “without charges to beneficiary“. Except for business customers when payment is from high sanction risk country (more information in (3)).
(3) High sanction risk payment fee is applied for transfer orders from countries which under the assessment of the bank are considered to be of higher sanction risk. Full list of high sanction risk countries is available on our homepage. Fee shall be charged additionally to other fees for the payment services as described in the price list. Fee is applicable to business clients only.
