Salary payment with one order to all your employees
It is fast and convenient, it takes only one payment order. You can make a salary (consolidated) payment order by importing a payroll sheet from your accounting system, or creating a consolidated payment order manually in internet bank. No special agreement needed: the service is available for internet bank users who have corresponding rights. Salaries can be transferred to account in SEB or any other bank within Estonia and Europe.
Easy
Login to the internet bank, submit a single consolidated payment order, and the money will be transferred to all your employees.
- You can transfer money in euros to SEB or any other bank accounts within Lithuania, European Economic Area, Switzerland and the United Kingdom.
Fast
No matter how many salary recipients you have, money is transferred as a single consolidated payment order, which means that you will not waste time making separate payments.
Convenient
You’ll have two convenient options:
- import a ready-made payroll sheet from your accounting system
- create a single payroll sheet manually
You can create a template for consolidated payments in the internet bank by choosing option “Add to my templates”.
Secure
You can set restrictions who from your company can review consolidated payment details.
A detailed salary payment report is available in internet bank: under Other / Settings -> History. This information will be available only to those employees to whom you will grant such right.
Payments included in consolidated payment are shown as a single amount in your account statement.
Cheaper
No fee is applied for consolidated intra-bank payment if beneficiary’s account is in SEB.
Consolidated payment order import
Salary payment orders can be uploaded via internet bank in ISO20022 XML format.
All payments included in XML file will be executed as a consolidated payment (will be debited from your account in one total amount) in the following cases:
- If the field “Category Purpose Code” (pain.001.001.03 field 2.15 PaymentInformation/CategoryPurpose/Code) is filled with “SALA”, “SSBEE” or “PENS” and / or
- If the field “Batch Booking” (pain.001.001.03 index 2.3) is filled with “True”
These payment processing conditions apply to files containing only payments in euros to beneficiaries at SEB bank and SEPA payments.
| Outgoing payments | Electronic services (incl. standing payment order, banklink payment | At a bank office |
|---|---|---|
| 1. Internal payment (1) | ||
| in euros (9) | EUR 0.25 | EUR 5 |
| in foreign currency | EUR 2 | EUR 5 |
| intra-account conversion | free of charge | free of charge |
| 2. European payment (1,2) | ||
| European ordinary payment (incl. European instant payment (3)) (9) | EUR 0.25 | EUR 5 |
| European express payment (4) | EUR 30 | EUR 35 |
| 3. Cross border payment | ||
| ordinary payment | ||
| - with shared charges | EUR 6 | EUR 25 |
| - without charges to beneficiary (5) | EUR 26 | EUR 45 |
| urgent payment | ||
| - with shared charges | EUR 14 | EUR 35 |
| - without charges to beneficiary (5) | EUR 34 | EUR 55 |
| express payment in euros | ||
| - with shared charges | EUR 30 | EUR 35 |
| - without charges to beneficiary (5) | EUR 50 | EUR 55 |
| express payment in foreign currency (6) | ||
| - with shared charges | EUR 39 | EUR 60 |
| - without charges to beneficiary (5) | EUR 59 | EUR 80 |
| additional fee for payment to high sanction risk country (8) | EUR 100 | EUR 100 |
| 4. Transfer order for debiting in consolidated amount (7) | EUR 0.16 | - |
| the internal payment on the transfer order | EUR 0.25 | - |
| the ordinary European payment on the transfer order (incl. European instant payment) (2, 3) | EUR 0.25 | - |
| 5. Exchange rates used for executing a payment transaction | ||
| an amount corresponding to 10 000 euros or equivalent in other currency | transfer purchase or sale rate of the respective currency valid at the bank at the moment of debiting | transfer purchase or sale rate of the respective currency valid at the bank at the moment of debiting |
| an amount starting from 10 000 euros or equivalent in other currency | Market rate determined by the bank, if the payment is made on a settlement day from 9.00 to 17.00. For payments made outside the specified time limit, the transfer purchase or sale rate of the respective currency valid at the bank at the moment of debiting shall be used. | Market rate determined by the bank, if the payment is made on a settlement day from 9.00 to 17.00. For payments made outside the specified time limit, the transfer purchase or sale rate of the respective currency valid at the bank at the moment of debiting shall be used. |
(1) Upon compulsory collection (attachment order of a bailiff, tax administrator, other entitled persons) the fee for a payment made at a branch office shall apply.
(2) Payments in euros, shared charges, beneficiary’s account number must be indicated with IBAN. The beneficiary’s bank is in a member state of the European Union, Iceland, Liechtenstein, Norway, Switzerland, Andorra, San Marino, United Kingdom, Monaco or Vatican City.
(3) European instant payments can be made only in electronic channels.
(4) Payment originated in euros only to a member state of the Eurozone (Austria, Belgium, Estonia, Spain, Netherlands, Ireland, Italy, Greece, Cyprus, Lithuania, Luxembourg, Latvia, Malta, Portugal, France, Germany, Slovak Republic, Slovenia, Finland), if the bank has accepted the payment before 17.00. The beneficiary's bank must have a correct BIC and account number must be indicated with IBAN.
(5) Can be made only to a beneficiary’s bank outside the EEA contracting country. If the actual costs of other payment service providers, participating in processing a cross border payment, exceed EUR 20, the bank may later debit in addition the difference of the commission fees from the client’s account, however not more than within an amount, corresponding to EUR 75. The bank ensures transfer of the cross border payment in full amount from the bank’s correspondent account, however shall not guarantee that the payment is received in the beneficiary’s account in full amount.
(6) Upon agreement with the Markets department.
(7) A transfer order for debiting a consolidated amount can be forwarded via SEB Baltic Gateway and SEB internet bank for business.
(8) High sanction risk payment fee is applied for executing transfer order to countries which under the assessment of the bank are considered to be of higher sanction risk. Full list of high sanction risk countries is available on our homepage. Fee shall be charged additionally to other fees for the payment services as described in the price list. Fee is applicable to business clients only.
(9) The service fees for Salary payment product are applied to each individual payment separately.
The service fee for a cross-border payment has up to three different components depending on the type of payment:
1. the SEB Estonia services fee
2. the services fees of foreign banks
3. the services fees for handling a payment order as an urgent payment
| Receivables | |
|---|---|
| 1. Internal | free of charge |
| 2. European payment (1) | free of charge |
| 3. Cross border payment International (2) | EUR 5.75 |
| from the Baltic banks of the SEB Group | free of charge |
| - additional fee for payment from high sanction risk country (3) | EUR 100 |
(1) Cross-border receivable in euros with shared charges. Beneficiary's account number must be indicated with a proper IBAN and remitter's bank has to be an European bank.
(2) An incoming payment is free of charge if the transfer order has been marked by remitter’s bank as “without charges to beneficiary“. Except for business customers when payment is from high sanction risk country (more information in (3)).
(3) High sanction risk payment fee is applied for transfer orders from countries which under the assessment of the bank are considered to be of higher sanction risk. Full list of high sanction risk countries is available on our homepage. Fee shall be charged additionally to other fees for the payment services as described in the price list. Fee is applicable to business clients only.
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