Terms and conditions of the SEB current account agreement and the interest rate will change
From 1 January 2025, we will change the interest payable on the current account of a private customer and amend the terms and conditions of the current account agreement.
Current account interest
Starting from 1 January, the new interest rate for the current account balances of private customers (excluding credit cards) will be 0.20% per year for amounts up to 5,000 euros and 0.01% per year for any balance exceeding this limit. The interest rate adjustment reflects the overall decline in interest rates across financial markets.
Terms and conditions of the current account agreement
The amendments to the terms and conditions of the current account agreement concern the bank’s correspondent relationships with financial and credit institutions and the specific conditions applicable to them in relation to anti-money laundering, prevention of terrorist financing, and requirements for compliance with sanctions.
Terms and conditions of the current account agreement as of 1 January 2025 (PDF)
The Terms and Conditions of all SEB products and services, including updated terms and conditions of the current account agreement, are available on the SEB Terms and Conditions page.
If you accept the changes, you do not need to take any further action: your current account agreement(s) will be subject to the new terms and conditions as of 1 January 2025. If you do not agree to the changes in the terms and conditions, you have the right to terminate the current account agreement(s) with the bank by no later than 31 December 2024.
