Domestic payment

At bank office

• will be immediately transferred to the payer's account;
• will be transferred to the payer's account within 1 hour.

Amounts paid in at online depositor will be transferred to the payer's account immediately.

The decision on whether or not a current account is opened is made within 10 banking days of receipt of all required documents

Incoming domestic payments

• An incoming domestic payment is transferred to the beneficiary's account on the settlement day of receipt of the money if beneficiary's details are correct.

Outgoing regular domestic payments and instant payment:

• a regular domestic payment made through electronic channels is sent to the beneficiary's bank on the same settlement day if the payment has been debited rom the remitter's account before 4:30 p.m. Payments sent by the remitter after 4:30 p.m., at weekends and on public holidays are debited, but sent to the beneficiary's bank on the next settlement day;
• a regular domestic payment made in an office is sent to the beneficiary's bank on the same settlement day if the payment has been debited from the remitter's account before 4:00 p.m. Payments sent by the remitter after 4:00 p.m., at weekends and on public holidays are debited, but sent to the beneficiary's bank on the next settlement day;
• instant payment is sent to the beneficiary's bank without delay if beneficiary's bank is joined the instant payment scheme.

Outgoing urgent domestic payments:

• an urgent domestic payment made through electronic channels in between 8:30 a.m. to 4:30 p.m. is sent to the beneficiary's bank without delay but not later then on the same settlement day. Payments sent by the remitter after 4:30 p.m., at weekends and on public holidays are debited, but sent to the beneficiary's bank on the next settlement day;
• an urgent domestic payment made in an office before 4:00 p.m is sent to the beneficiary's bank without delay but not later then on the same settlement day. Payments sent by the remitter after 4:00 p.m., at weekends and on public holidays are debited, but sent to the beneficiary's bank on the next settlement day.

Intra-bank payments are transferred to the beneficiary's account generally without delay.

Incoming international payments

• European payment is transferred to the beneficiary's account on the settlement day of receipt of the money if beneficiary's details are correct.
• receipts through international settlement systems are credited to the beneficiary's account on the bank's value date; Bank's value date is the settlement day when the right to use the amount in the payment transaction transfers from the intermediary to the beneficiary's bank.
• receipts from banks in the Swedbank Group are credited to the beneficiary's account on the bank’s value date; Bank's value date is the settlement day when the right to use the amount in the payment transaction transfers from the intermediary to the beneficiary's bank.
• receipts through the bank's correspondent accounts are credited to the beneficiary's account until 4:00 pm on the bank's value date; Bank's value date is the settlement day when the right to use the amount in the payment transaction transfers from the intermediary to the beneficiary's bank.
• receipts are credited to the beneficiary's account on the bank’s value date provided that the beneficiary's details are correct. Bank's value date is the settlement day when the right to use the amount in the payment transaction transfers from the intermediary to the beneficiary's bank.

Outgoing international payments

Payment type

• Ordinary
  • ordinary European payment are sent to the beneficiary’s bank one settlement date after the client's value date; Client's value date is the calendar day when the Bank debits the remitter's account or credits the beneficiary's account.
    The beneficiary's bank is located in a Member State of the European Union (or Norway, Iceland, Liechtenstein, Switzerland, the Åland Islands, the Azores, Ceuta and Melilla, Gibraltar, Guadeloupe, the Canary Islands, Madeira, Martinique, French Guinea, Reunion, Monaco, San Marino, Vatican, Andorra).
  • ordinary payments are sent to the beneficiary’s/correspondent bank two settlement date after the client's value date, excl payments that are made in euros and transferred to European countries, that are sent to the beneficiary’s bank one settlement date after the client's value date; Client's value date is the calendar day when the Bank debits the remitter's account or credits the beneficiary's account.
    The beneficiary's bank is located in a Member State of the European Union (or Norway, Iceland, Liechtenstein, Switzerland, the Åland Islands, the Azores, Ceuta and Melilla, Gibraltar, Guadeloupe, the Canary Islands, Madeira, Martinique, French Guinea, Reunion, Monaco, San Marino, Vatican, Andorra).
• Urgent
  • urgent European payments are sent to the beneficiary's/correspondent bank on the same settlement date if the payment order is submitted to the bank before 4:00 pm;
  • urgent payment orders, except orders in EUR and USD, are sent to the beneficiary’s/correspondent bank one settlement date after the client's value date if the payment order is submitted to the bank before 2:00 pm. Client's value date is the calendar day when the Bank debits the remitter's account or credits the beneficiary's account.
  • EUR and USD urgent payment orders (excl urgent European payment) are sent to the beneficiary’s/correspondent bank one settlement date after the client's value date if the payment order is submitted to the bank before 3:00 pm; Client's value date is the calendar day when the Bank debits the remitter's account or credits the beneficiary's account.
• Express
  • express payments of less than 10 million euros (or same amount in foreign currency) are sent to the beneficiary's/correspondent bank on the same settlement date if the payment order is submitted to the bank before 2:00 pm. Express payments that exceed 10 million euros (or same amount in foreign currency) are sent to the beneficiary's/correspondent bank on the same settlement date if the payment order is submitted to the bank before 10 pm or between 10 am and 2:00 pm by mutual agreement with the bank for processing the relevant payment.
  • Express payment scan only make in USD and in EUR.
• Swedbank Group payments are sent to the beneficiary’s bank on the following settlement date.

one-time statements of the previous and current month are issued on the same banking day if the number of printed pages is below 20.

earlier and 20-page and over statements are issued within 3 banking days.

Transaction value date

• stock exchange transaction: T +2 or T+3 according to market practice T is the transaction date, i.e. the date of agreement / conclusion of the transaction.
• extra-stock exchange transaction without or against payment: upon agreement between the parties to the transaction from T+0 to T+n according to the stock market practice. T is the transaction date, i.e. the date of agreement / conclusion of the transaction.

Fund units transaction value date – according to fund conditions.

Transaction realisation entries are made:

• in case of securities registered in the Estonian securities register (Nasdaq CSD SE Estonian branch) transaction value date from 8:15 a.m. until 7:15 p.m. if the securities register gives affirmation;
• in case of Estonian fund transactions according to fund conditions;
• in case of foreign securities and foreign fund when affirmation is given by sub-custodian

In the case of security transfers which are subject to confirmation by phone the deadlines of execution of securities transactions shall be calculated as of the moment when the Bank is able to contact the client and securities transaction order was entered in Bank`s system.