Swedbank is updating Principles of Processing of Client Data

In relation to the upcoming new regulation on data protection (GDPR) that strives to further protect your personal data, we are updating „Principles of Processing Client Data” in the Estonian companies of Swedbank*, which will come into force 25.05.2018. New GDPR regulation will affect not only financial sector but also other service providers who handle personal data.

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Swedbank Estonia Q4/year end 2017 financial results

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Securities Account pricing change

On 01.03.2018, the new securities account and transactions price list will become effective. Depending on the securities account related services used by the client, the fees may either decrease or slightly increase. The price list also accommodates the requirements under MiFID 2, CSDR and Target2Securities regulations.

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Swedbank will no longer issue password cards

Swedbank will no longer issue new password cards as of 1 February. Password cards that are currently in use will remain functional until 1 February 2019. A trans-European amendment will be enforced next fall, which, for security reasons, will significantly limit transactions that can be made with a password card; thereby, rendering password cards useless in the future.

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Notification of the amendments to the Terms and Conditions of the Master Agreement for Financial Transactions

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Processing of payments during the holiday season

Domestic settlements
Payments made on 22 December after 4:00 PM in bank office or 4:30 PM in electronical bank channel and from 23 to 26 December are sent to the payee's bank on 27 December.
Payments made on 29 December after 4:00 PM in bank office or 4:30 PM in electronical bank channel and on 29 December to 01 January are sent to the payee's bank on 2 January.

Intrabank payments are processed as usual.

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