Domestic payment

Domestic payment

Domestic payments can be used to make transfers from your Swedbank account to any other bank in Estonia. Payments between banks move fast and the money is generally received in the payee’s account on the same day. Intra-Bank Payment is the quickest and the cheapest i.e. both you and the payee have accounts in Swedbank. In such a case the money reaches the payee´s account in an hour at the latest.

Intra-Bank Payment

If both you and the payee have accounts in Swedbank, then the money will be received in the payee’s account in an hour at the latest. Payments made after 10 pm will reach the payee the next day at the latest. Intra-bank payments made in the Internet bank cost 0,16 euros.

Domestic Payment

Transfers to other Estonian banks usually reach the payee the same day if the payment is made before 4:30 pm. Payments made in evenings, at weekends and on public holidays will usually reach the payee the next business day. Domestic Payments made in the Internet bank cost 0,38 euros.

Future Payment

If you need to transfer money some time in the future, you can prepare a payment order for up to a year in advance. You do not need to have sufficient funds for the payment in your account on the day you prepare the payment order. However, you need to make sure that you have the required funds in your account on the payment date.

Good to know

Make sure payment data are correct

Check all the relevant payment data before making the payment. Payment is transferred immediately and therefore the annulment process is not always possible.

Foreign Currency Transfers

You can only transfer foreign currencies to accounts in Swedbank by domestic payments. Foreign currency transfers to other Estonian banks can only be made with international payment orders. You must also keep in mind that you will be charged the international payment fee for such payments.