Domestic payment

Effective as of 26.11.2020

Cash
Depositing	In branches: will be immediately transferred to the depositor’s account; will be transferred to recipient’s (if other than depositor) account within 1 hour. In ATMs: will be immediately transferred to the depositor’s account.
Withdrawal	Payment of the reserved amounts of the euro shall be made on the following 2 banking days after the submission of the reservation application is filed if the reservation application is filed for bank on the banking day before 2:00 PM.
Opening a current account
The decision of current account opening	The decision on whether a current account is opened is made within 10 banking days of receiving necessary documents: Applicable in the case of private persons who are not citizens of the Republic of Estonia or do not hold an Estonian residence permit (a long-term resident’s residence permit or a temporary residence permit for at least one year). The decision on whether a current account is opened is made within 10 banking days of receiving the corresponding document handling fee: Applicable in the case of private persons who are not residents of the European Economic Area countries.

Bank transfers

Incoming payment
Payments in euros are transferred to the beneficiary's account on the settlement day of receipt of the money if beneficiary's details are correct. Payments in foreign currencies are transferred to the beneficiary's account on the value date before 20:00. Settlement day – a day on which the payer´s bank, the beneficiary´s bank, the intermediary or another payment service provider is open for settlement necessary for the execution of a payment transaction. Settlement days are generally all calendar days except Saturday, Sunday or public or national holidays.
Outgoing payment
Payments submitted before 22:00 are debited from remitter`s account on the same day, payments submitted after 22:00 are debited on the next day (excluding domestic and instant payment).

Outgoing payment	Currency	Payments are sent to the beneficiaries/correspondent bank Settlement day – a day on which the payer´s bank, the beneficiary´s bank, the intermediary or another payment service provider is open for settlement necessary for the execution of a payment transaction. Settlement days are generally all calendar days except Saturday, Sunday or public or national holidays.	Payment order submitted	Notes
Intra-bank payment	all currencies	without delay	at all times
Instant payment	EUR	without delay	at all times, not available in branches and consultation center	if beneficiary's bank has joined the instant payment scheme
Domestic payment (incl. urgent payment)	EUR	on the same settlement day (T+0)	before 4.30 pm. NB! In branches and consultation center before 4.00 pm	Payments made later are sent on the following settlement day, excluding weekends and public holidays
European payment, European urgent payment Terms and conditions of a European payment: the payment currency is the euro; the correct IBAN is indicated in the payment; the service fee type is ‘shared’; the beneficiary’s bank (remitter`s bank when incoming payment) is located in a Member State of the European Union (or Norway, Iceland, Liechtenstein, Switzerland, Aland Islands, Azores, Ceuta and Melilla, Gibraltar, Guadeloupe, Canary Islands, Madeira, Martinique, French Guinea, Reunion, Monaco, San Marino, Vatican, Andorra). International payment fee is applied when the beneficiary’s IBAN is not indicated in the payment.	EUR	on the same settlement day (T+0)	domestic payment before 4.30 pm, international payment before 4.00 pm. NB! In brach or consultation centre before 4.00 pm	Payments made later are sent on the following settlement day, excluding weekends and public holidays
Payment within Swedbank Group	EUR	on the same settlement day (T+0)	before 5.30 pm	Payments made later are sent on the following settlement day, excluding weekends and public holidays
Payment within Swedbank Group	SEK, USD	on the same settlement day (T+0)	before 4.00 pm	Payments made later are sent on the following settlement day, excluding weekends and public holidays
Payment within Swedbank Group	NOK, DKK	on the same settlement day (T+0)	before 3.00 pm	Payments made later are sent on the following settlement day, excluding weekends and public holidays
To Latvia, Lithuania	other currencies	on the same settlement day (T+0)	before 3.00 pm	Payments made later are sent on the following settlement day, excluding weekends and public holidays
To Sweden, Finland, Denmark, Norway	other currencies	in two settlement days (T+2)	at all times	Payments made later are sent on the following settlement day, excluding weekends and public holidays
International payments
Ordinary payment	all currencies	in two settlement days (T+2)	at all times	Payments made later are sent on the following settlement day, excluding weekends and public holidays
Urgent payment	EUR, USD	on the next settlement day (T+1)	before 3.00 pm	Payments made later are sent on the following settlement day, excluding weekends and public holidays
Urgent payment	other currencies	on the next settlement day (T+1)	before 2.00 pm	Payments made later are sent on the following settlement day, excluding weekends and public holidays
Express payment	EUR, USD	on the same settlement day (T+0)	before 2.00 pm	Payments made later are sent on the following settlement day, excluding weekends and public holidays

Statements
One-time statements from a branch	One-time statements are issued on the same banking day if the number of printed pages is below 20. Statements longer than 20 pages are issued within 3 banking days.
Securities transactions
Securities transactions	Transaction value date stock exchange transaction: T+2 or 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 realization 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; vin case of foreign securities and foreign fund when affirmation is given by sub-custodian
Certificates
Issuing a certificate	within 10 banking days

Access options for internet and mobile bank

We advise you to have at least 2 authentication solutions for both internet and mobile bank. Choose the authentication tools that suit your needs & lifestyle the best:

Smart-ID – recommended for internet and mobile bank.
Biometrics (fingerprint or face recognition) – recommended for internet and mobile bank.
PIN calculator - a secure solution for accessing the Internet Bank and the Mobile Bank.
ID card - in addition to this we advise you to obtain Smart ID.
Mobile ID – alternative for Smart-ID.

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

The Internet Bank (choose New Payment) and Swedbank’s new app, Swedbank Eestis, enable both private and business customers to make payments up to 15,000 euros in instant payments. Instant payments generally reach the recipient in a few seconds and can be made to all local banks that offer the opportunity of receiving them. At the moment, Swedbank clients can make instant payments within Swedbank itself, Coop Pank, LHV and 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 and 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. For outgoing instant payments the price is the same as for ordinary domestic payments in euros; with no additional fees.

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.

Get in touch with us

Domestic payment

Access options for internet and mobile bank

Intra-Bank Payment

Domestic Payment

Future Payment

Instant Payment

Good to know

Make sure payment data are correct

Foreign Currency Transfers

Easy settlements

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Domestic payment

Bank transfers

Access options for internet and mobile bank

Intra-Bank Payment

Domestic Payment

Future Payment

Instant Payment

Good to know

Make sure payment data are correct

Foreign Currency Transfers

Easy settlements

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