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. Instant Payment is the quickest solution and the money reaches the payee´s account instantly.

Intra-Bank Payment

If both you and the payee have accounts in Swedbank, then the money will be received in the payee’s account instantly.

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.

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.

Instant Payment

Swedbank’s new app, ‘Swedbank in Estonia’ enables private clients to make up to 15,000 euros in instant payments in a 24-hour period. These payments generally reach the recipient immediately. Instant payments can be made to all banks that offer the opportunity of receiving them. Swedbank clients can already make such payments within Swedbank itself, Coop Pank, LHV and to clients with accounts in SEB. The payments can be received from European banks that have joined the pan-European system of instant payments. You can check with the recipient’s bank whether they enable instant payments. The list of participating banks can be found on the official website of the Eba Clearing. As per other euro-based SEPA payments, incoming instant payments are free of charge. No additional fee is levied for outgoing payments – the price is the same as for ordinary domestic payments in euros.

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.