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Business

VISA Business credit card

VISA Business credit card

Flexible and safe means of payment

  • Reliable in the eyes of the merchants
  • Guarantee for hotel reservation or renting a car
  • Interest-free credit for 50 days

With a credit card, you can use the bank’s credit within the agreed limit, instead of using the funds in the company’s current account.

NB! Starting from 10.03.2012 no new Visa Business credit cards can be ordered. Cards ordered until 9.03.2014 continue to be in force until the expiry date marked on the card and after expiry will be automatically replaced with Mastercard Business credit card.

VISA Business credit card considers the needs of a business client

  • Possibility to use interest-free credit for up to 50 days
  • The card statement includes a consolidated statement for the company’s accounting department

Use of the card

  • With a credit card, you can pay for the goods and services in Estonia as well as in abroad, incl. at Internet stores. When paying with the card in abroad you do not have to worry about exchanging currency – the bank shall perform all necessary conversions automatically.
  • With a credit card, you can withdraw cash from ATMs in Estonia as well as in abroad. A fee is applied to cash withdrawal from ATM.
  • You can view transaction information and card balance in ATMs.
  • You may conclude favourably priced annual travel insurance valid all over the world.
  • A credit card is an indispensable companion when travelling if you want to  book hotel rooms or rent a car.

Conditions

  • Depending on the company’s turnover and risk class, the credit limit will be between EUR 300 and 32,000.
  • If one credit limit is used by several persons, each is assigned an operating limit between EUR 0 and 20,000. The total sum of operating limits does not have to equal the credit limit, but may also exceed it.
  • You can use the interest-free credit for 50 days. The bank does not calculate interest on the credit, used until the payment day of the next month. On the first day of each month, a new credit limit will open to the full extent.

Repayment of credit

  • On the first day of each month, a new credit limit will open to the full extent.
  • The bank prepares a statement as at the last day of the month for the purchases and cash withdrawals carried out in course of the month and sends the statement to you at the beginning of the next month.
  • The payment day for the amounts used in the month is the 20th day of the following month. On the payment day, the limit used with the credit cards in the previous month shall be repaid in full.
  • If the funds in the card-related account are not sufficient on the payment day for making the payment, the bank shall start calculating a penalty for late payment on the outstanding amount.

Read more about the credit card conditions

You can apply for a credit card, if your company is registered in the Republic of Estonia, hold a current account with SEB and the company is financially solvent.

1. Order the credit card from Internet Bank for Business or an SEB branch. After submitting the application, a business client executive will contact you within a few days. At a bank office, the card may be ordered by a signatory.

2. Submit an application, a valid copy of the B-card of the Commercial Register, passport of the representative, and if necessary, a notarised power of attorney.

3. The card is issued at the SEB branch based on the card user’s identity document. The card is received within four banking days in Tallinn and ten banking days outside Tallinn.

4. Assign in Internet Bank the monthly and daily limits and transactions, which may be carried out with the card.

5. When ordering the card by post, activate the card after receiving it either in Internet Bank for Business or in Telephone Bank. If you order the card by post, you will be charged a fee in accordance with the price list.

6. The card is valid for three years, whereupon we shall prepare you a new card.

Travel insurance cover
Annual travel insurance provides cover for unexpected illness or if you need to pay for the medical costs incurred due to an accident. Insurance compensates also transportation of the patient into Estonia and emergency costs of people accompanying the patient.

Insurance covers also the cost of delay, curtailment and cancellation of trip, purchased tickets or services along with expenses incurred due to changing tickets or purchasing new tickets. The insurance package also includes baggage insurance, which offers protection for personal essential necessities and clothing, which the insured person had with him when travelling.

Compensation is also provided for expenses on lodging due to curtailment of trip, , which do not exceed the cost of accommodation contained in the tour package. And also inevitable expenses for returning home.

Read more about credit card related travel insurance

Private individual  
1. Mastercard credit card, Visa Classic credit card, Mastercard Standard credit card (1)  
issue (with the cover of Emergency service; incl. prolongation) free of charge
monthly fee EUR 1.60
replacement card, additional card EUR 5
2. MC Gold credit card  
issue (with the cover of Emergency service; incl. prolongation) free of charge
monthly fee EUR 3.50
replacement card, additional card EUR 5
3. Mastercard Platinum credit card (with Priority Pass service and travel insurance Platinum)  
issue (with the cover of Emergency service, incl. prolongation) EUR 20
monthly fee EUR 10
replacement card EUR 10
additional card EUR 20
4. Credit card with fixed payment  
issue (incl. prolongation) free of charge
monthly fee free of charge
replacement card, additional card free of charge
5. Mastercard World Elite credit card (with Priority Pass service and travel insurance World Elite)  
issue (with the cover of Emergency service, incl. prolongation) EUR 35
monthly fee EUR 35
replacement card EUR 15
additional card EUR 35
6. Pildikaart credit card  
issue (with the cover of Emergency service; incl. prolongation) EUR 5
monthly fee EUR 1.60
replacement card, additional card (issue) EUR 5
7. Pildikaart with fixed payment  
issue (with the cover of Emergency service; incl. prolongation) EUR 3.20
monthly fee free of charge
replacement card, additional card (issue) EUR 3.20
8. Card finder's reward/refund for card confiscation and/or Emergency Service user charge in case there is no Emergency Service insurance actual expenses, up to EUR 130
Legal entity  
1. Mastercard Business credit card  
issue (with the cover of Emergency service; incl. prolongation) EUR 2
monthly fee EUR 3
additional card EUR 2
replacement card EUR 5
2. Mastercard credit card Pildikaart  
issue (with the cover of Emergency service; incl. prolongation) EUR 5
monthly fee EUR 3
replacement card, additional card EUR 5
3. Mastercard Gold credit card  
issue (with the cover of Emergency service; incl. prolongation) EUR 5
monthly fee EUR 7
replacement card, additional card (issue) EUR 5
4. Mastercard Platinum credit card (with Priority Pass service and travel insurance Platinum)  
issue (with the cover of Emergency service, incl. prolongation) EUR 20
monthly fee EUR 12
replacement card EUR 10
additional card EUR 20

(1) Starting from 02.10.2018 it is not possible to order Mastercard Standard credit card.

General transaction and service fees  
1. Approval of loan limit free of charge
2. Annual interest of used loan 18%
3. Credit card with fixed payment (MC Standard, Pildikaart)  
interest on used credit 18% per year
4. Approval/extension of credit limit free of charge
5. Security deposit interest rate one-month term deposit
6. Agreement amendment  
loan limit change free of charge
credit limit change EUR 10
permanent change of monthly limit  
           at a bank office EUR 3.20
           internet-bank free of charge
7. Temporary card´s limit increase 1,5% of additional limit, min. EUR 8
8. Regular statement  

by e-mail to a legal entity(1)

free of charge

by post in Estonia

EUR 0.4 per page, min EUR 4

by post outside Estonia

EUR 0.4 per page, min EUR 10
9. Single statement at a bank office  
for up to last 10 years EUR 4
10. Balance inquiry (balance; last transactions)  
from SEB Estonia ATM's free of charge
from other bank's ATM EUR 0.40 / per inquiry
11. Payment at a service enterprise (fee for transaction in foreign currency will be added) free of charge
12. Cash deposit in SEB Estonia ATM’s (2)  
up to EUR 4000 in a calendar month per client (holder of account(s)) with credit and/or debit card free of charge
if the amount exceeds EUR 4000 in a calendar month per client (holder of account(s)) with credit and/or debit card 0.3% of the deposited amount
13. Cash withdrawal from cash machine or bank office (incl. abroad) Fee for transaction in foreign currency will be added EUR 2 + 2.5% of the withdrawn amount
14. Transfer of credit limit to current account EUR 2 + 2% of the transaction amount
15. Fee for transaction in foreign currency (3)  
transaction original currency is other (excl. EUR) 1,5% of the transaction amount
16. Blocking of card by bank free of charge
17. Debt claim letter EUR 5
18. Contractual penalty for use of blocked card, breach of limit or amounts not paid in time EUR 65
19. Duplicate of POS receipt  
domestic transaction EUR 4
cross-border transaction EUR 8
20. Unjustified demand for refund  
domestic transaction EUR 12
cross-border transaction EUR 16
21. Preparation of express bank cards EUR 40
22. Sending a card by  
mail in Estonia free of charge
registered mail in Estonia EUR 2.50
mail outside Estonia EUR 6
23. Using Priority Pass service EUR 27 per using
24. Taking a bank card from an ATM and returning it (4) EUR 30

(1) Starting from 11.10.2018, it is not possible to order regular account statements by e-mail.
(2) Maximum cash deposit limit per private person (holder of account(s)) in a month EUR 10,000, per business customer (holder of account(s)) EUR 15,000 a month.
(3) All claims for Card Operations executed in a foreign currency are received by the Bank from international card organisations (Visa, Mastercard), converted into euros according to their determined exchange rates.
(4) Confiscated cards are returned during the opening hours of the bank office of the bank. Only cards of other banks are returned.

Contact

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