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NEWS - 30. October 2018 09:20

On 1 January, the price list and terms and conditions of AS SEB Pank will change

Changes will enter into force on 1 January 2019 in the price list of AS SEB Pank, the terms of settlement, and the contracts of international credit cards, credit cards with fixed payment, and the Business Client Internet Bank.

Changes to the pricelist are related to day-to-day invoicing and concern both private and business clients. The biggest changes are related to the settlement plans. However, settlement plans will still be the most affordable solution for our clients compared to purchasing each product separately on a regular basis.

Changes to the commission fees

  • concluding settlement plans and monthly fees;
  • cross-border payments in a bank branch;
  • issuing ITIC Teacher and ISIC Student cards and maintenance fees;
  • maintenance fees of debit and credit cards of business clients;
  • holding Estonian securities;
  • concluding and amending loan agreements;
  • foreign trade in products (warranty, letter of credit, documentary collection);
  • opening accounts for non-residents and monthly fees for their accounts.

For a comparison of current and future prices, see table below.


Changes to the terms and conditions

Terms of settlement

In the terms of settlement, we specified that the bank can choose not to pay the incoming payment to the account if the account number in the payment order and the name of the receiver are contradictory.

New terms of settlement as of 1 January 2019


Terms and conditions of credit cards

  • We combined the terms and conditions of the contracts for credit cards and credit cards with fixed payment. Now, all conditions related to credit cards are in one document regardless of the type of credit card.
  • The procedure of repayment for card transactions will change for holders of contracts for credit cards with fixed payment. Until now, it was possible to determine the amount of the mandatory repayment limit, in which case credit repayments were made only after the amount of the used credit exceeded the repayment limit agreed upon in the contract. Now, credit repayments will be made on a monthly basis and the mandatory repayment limit is no longer applicable.
  • We will no longer send automatic credit card statements to the private client's e-mail address. Credit card transactions can be viewed on the Internet bank or at a bank branch.
  • We specified the repayment term. So far, the repayment had to be received by the payment term. After the change, the repayment must be received by 6 p.m. on the payment term.
  • We added the option of blocking the credit limit of a credit card to the terms and conditions. So far, we blocked credit cards in the case of debt or violation of other obligations. After the change, we can choose a less restrictive measure and block the credit limit on the card account.
  • We made changes regarding the inclusion of additional features to the credit card account. We will add the same functions to the card account as we have on current accounts today. For example, you will also be able to make payments from a card account.

New terms and conditions of credit cards as of 1 January 2019


Terms and conditions of the Business Client Internet Bank

The biggest change in the terms and conditions of the Business Client Internet Bank is that loan disbursements made on the basis of a loan disbursement application are no longer considered for Internet Bank limits.

New terms and conditions of the Business Client Internet Bank as of 1 January 2019


If you accept the changes, you do not need to do anything: in this case, the new price list and the new terms and conditions of your contract(s) will take effect on 1 January 2019. If you do not agree to the changes in the price list or the terms and conditions, you are entitled to terminate the contract(s) concluded with the bank no later than on 31 December 2018.


Changes in AS SEB Pank price list starting from 1 January 2019

Accounts

  Currently valid From 01.01.2019
Current account opening    
Private person    
resident of another country (except EEA member state) EUR 250 free of charge
Legal entity    
resident of EEA member state EUR 100 free of charge
resident of another country (except EEA member state) EUR 400 free of charge
Handling fee of documents submitted for current account opening (1)    
Private person    
resident of Estonia - free of charge
resident of EEA member state - free of charge
resident of another country (except EEA member state) - EUR 250
Legal entity    
resident of Estonia, except for legal persons registered in Estonia, represented by a non-resident or whose ownership structure or ultimate beneficial owners include a non-resident - free of charge
resident of EEA member state, including legal persons registered in Estonia, represented by a non-resident or whose ownership structure or ultimate beneficial owners include a non-resident - EUR 500
resident of another country (except EEA member state) - EUR 750
Current account monthly fees (2,3,4)    
Private person    
Resident of another country (except EEA member state) EUR 0.30 EUR 5
Legal entity    
Resident of EEA member state (except Estonia) EUR 1, except for legal persons, registered in Cyprus and Liechtenstein EUR 20

(1) The bank starts handling of documents after the handling fee of documents has been paid The fee is not returned if the bank decides not to open the account. The fee is not applied to the opening of each subsequent current account.
(2) Monthly fee is not charged for the account opening month, if the account is opened after the 15th day of the month.
(3) Monthly fee is not applied to clients of SEB Plans. Monthly fee is charged in full amount for the month, when the plan ends.
(4) Monthly fee is not applied to clients, who are younger than 19 years of age (incl.) or older than 65 years of age (incl.).


Plans for private persons

Plans name Currently valid From 01.01.2019
SEB + Plan (1) formalization and monthly fee EUR 1.60 formalization and monthly fee  EUR 1.95
SEB Super+ Plan (1) formalization and monthly fee EUR 2.45 formalization and monthly fee  EUR 2.95
SEB Family Plan (1,2) formalization and monthly fee EUR 2.95 formalization and monthly fee EUR 3.50

(1) A client is not charged monthly fee for formalizing a plan.
(2) Client, who forms SEB Family Plan, can invite 7 members to Plan. For members monthly fee doesn't expand.


Plans for business customers (1)

Plans name Currently valid From 01.01.2019
Plan S (2) general monthly fee EUR 6
special monthly fee EUR 4.80
general monthly fee EUR 7
special monthly fee EUR 6
Plan M (2) general monthly fee EUR 12
special monthly fee EUR 9.60
general monthly fee EUR 14
special monthly fee EUR 12
Plan L (2) general monthly fee EUR 22
special monthly fee EUR 17.60
general monthly fee EUR 26
special monthly fee EUR 22
Plan XL (2) general monthly fee EUR 40
special monthly fee EUR 32
general monthly fee EUR 48
special monthly fee EUR 40

(1) Product is not offered to non-resident legal persons.
(2) A special fee applies to a business customer, who has taken out a Bank Link contract, a contract for servicing payment cards, a credit card agreement, a loan-, leasing- or a factoring agreement.


Account statements

  Currently valid С 01.01.2019
Regular account statement, statement of payments/statement of receivables by e-mail service free of charge service not offered anymore


Payments

Outgoing payment at a bank office Currently valid From 01.01.2019
Cross border payment    
ordinary payment    
with shared charges (1) EUR 10 EUR 25
without charges to beneficiary (2) EUR 30 EUR 45
urgent payment    
with shared charges (1) EUR 16 EUR 35
without charges to beneficiary (2) EUR 36 EUR 55
express payment in euros    
with shared charges (1) EUR 35 EUR 55
without charges to beneficiary (2) EUR 55 EUR 75
express payment in foreign currency (3)    
with shared charges (1) EUR 50 EUR 60
without charges to beneficiary (2) EUR 70 EUR 80

(1) If a payment in any currency is made to an European Union Member State, Island, Norway, Liechtenstein, Switzerland, Andorra, San Marino or Monaco and the account number on the payment order is not in the IBAN format, a fee in addition to the above commission fees may be charged in amount, corresponding to 12 euros.
(2) 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.
(3) Upon agreement with the Markets department.


Debit cards

Ordinary cards Currently valid From 01.01.2019
MC Business debit card, VISA Business debit card    
monthly fee (1) EUR 1.50 EUR 2
Pildikaart debit card for legal entity    
monthly fee EUR 1.50 EUR 2
ISIC ja ITIC cards Currently valid From 01.01.2019
ISIC Tudeng (Student)    
issue, replacement, prolongation EUR 6.33 EUR 7.50
extension of the right to use the card EUR 4 EUR 6
monthly fee (1) EUR 0.50 EUR 1
ISIC Õpilane (Scholar)    
issue, replacement, prolongation from the age of 20 EUR 6.33 EUR 7.50
extension of the right to use the card from the age of 20 EUR 4 EUR 6
monthly fee (1) EUR 0.50 EUR 1
ITIC Õpetaja (Teacher)    
issue, replacement, prolongation EUR 6.33 EUR 7.50
extension of the right to use the card EUR 4 EUR 6
Other cards Currently valid From 01.01.2019
Postipank-card free of charge service not offered anymore
General transaction and service fees Currently valid From 01.01.2019
Cash deposit limit at SEB Estonia ATMs - 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
Cash withdrawal in SEB Estonia ATMs with a Postipank-card EUR 0.58 per transaction service not offered anymore

(1) Free with a Plan.


Credit cards

Legal entity Currently valid From 01.01.2019
MC Business credit card    
monthly fee EUR 2 EUR 3
Pildikaart credit card    
monthly fee EUR 2 EUR 3
General transaction and service fees Currently valid From 01.01.2019
Cash deposit limit at SEB Estonia ATMs - 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
Regular statement to a private person by e-mail free of charge service not offered anymore


Electronic products and services

  Currently valid From 01.01.2019
SEB Internet Bank for Business    
monthly maintenance fee for a resident of a non-EEA member state EUR 9.59 EUR 10
Other mobile services    
mobile payment to private person EUR 0.06 commission fee of the respective payment in an electronic channel
mobile payment to merchant free of charge service not offered anymore
Express notification    
notification by SMS message EUR 0.19 per message EUR 0.20 per message
Bank link    
authentication    
subscription EUR 65 EUR 65 + VAT as per Value Added Tax Act
amendment of agreement EUR 15 EUR 15 + VAT as per Value Added Tax Act
monthly maintenance fee EUR 20 or as agreed with the client EUR 20 or as agreed with the client + VAT as per Value Added Tax Act
Host to host banking interface    
agreement conclusion EUR 63.91 EUR 65
monthly maintenance fee min. EUR 47.93 min. EUR 50


Loans

Private person Currently valid From 01.01.2019
Home loan, mortgage loan    
agreement conclusion 1% of the loan amount, min. EUR 250 /min. EUR 190 1% of the loan amount, min. EUR 250
agreement amendment (1) up to 1% of the remaining loan, min. EUR 190 up to 1% of the remaining loan, min. EUR 250
changing the payment date once in a year EUR 20 free of charge
changing the payment date as of the second change of payment date in one year EUR 20 EUR 20
Consumer loan    
changing the payment date once in a year EUR 20 free of charge
changing the payment date as of the second change of payment date in one year EUR 20 EUR 20
Overdraft    
changing the payment date once in a year EUR 20 free of charge
changing the payment date as of the second change of payment date in one year EUR 20 EUR 20
Endowment loan    
agreement amendment (1) up to 1% of the remaining loan, min. EUR 190 1% of the loan amount, min. EUR 250
changing the payment date once in a year EUR 20 free of charge
changing the payment date as of the second change of payment date in one year EUR 20 EUR 20
Limit loan    
changing the payment date once in a year EUR 20 free of charge
changing the payment date as of the second change of payment date in one year EUR 20 EUR 20
Other loan-related services    
certificate on paid interests (2) - EUR 4

(1) All amendments to the loan, which have not been indicated under separate clauses in the price list (incl. amendment of collateral in a notarised or other form).
(2) Commission fee applies to certificates issued at a bank office. A certificate issued automatically in the Internet Bank is free for the client (for enclosing electronically to income tax return).

Legal entity Currently valid С 01.01.2019
Start-up loan    
agreement conclusion 1% of the loan amount, min. EUR 200 1,5% of the loan amount


Guarantees

Guarantee issued by AS SEB Pank Currently valid From 01.01.2019
Preparation of a draft or a guarantee or an amendment min. EUR 65 EUR 70
Cancellation of a guarantee EUR 65 EUR 70
Handling of documents or their drafts and payment fee - 0,15% of the amount of documents, min. EUR 95
Guarantee received by a client of AS SEB Pank Currently valid From 01.01.2019
Advising EUR 65 EUR 70
Advising of an amendment EUR 65 EUR 70
Filing a payment claim to the bank that issued the guarantee when requested by client EUR 65 EUR 100
Preparation of the draft of a guarantee, an amendment or a claim depending on costs, min. EUR 65 depending on costs, min. EUR 70
Verification of the guarantee authenticity EUR 65 EUR 70
Advising the issuing bank of cancellation of a guarantee EUR 65 EUR 70
Handling of documents or their drafts and payment fee - 0,15% of the amount of documents, min. EUR 95


Collection

  Currently valid From 01.01.2019
Fee for partial payment from second payment EUR 65 EUR 70
Fee for refusal or cancellation EUR 65 EUR 70


Letters of credit

Import letter of credit Currently valid From 01.01.2019
Preparation of a draft of a documentary credit or an amendment depending on costs, min. EUR 65 EUR 70
Amendment fee EUR 65 EUR 70
Export letter of credit Currently valid From 01.01.2019
Advising fee EUR 65 EUR 70
Preparation of a draft of a documentary credit or an amendment depending on costs, min. EUR 65 depending on costs, min. EUR 70
Payment fee upon payment of the amount of documents before the payment date of the documentary credit 0.1% on the amount of payment, min. EUR 65 0.1% on the amount of payment, min. EUR 70
Deferred payment fee EUR 65 EUR 70
Assignment of proceeds EUR 65 EUR 150
Amendment advice EUR 65 EUR 70
Fee for refusal and/or cancellation EUR 65 EUR 70


Securities

Securities account Currently valid From 01.01.2019
Private person    
Opening the Baltic securities account EUR 1.60 in the Internet Bank - free of charge;
over the counter - EUR 3
Baltic securities Currently valid From 01.01.2019
Monthly securities account maintenance fee (1,2,3)    
Private person    
Estonian securities EUR 0 - 6,500 EUR 0.64 EUR 0.80
Estonian securities EUR 6500 – EUR 65,000 EUR 2 EUR 2.50
Estonian securities over EUR 65,000 EUR 4 EUR 5
Legal entity    
Estonian securities up to EUR 320,000 EUR 8 Estonian securities up to EUR 2,000,000 - 0,004%, min. EUR 8;
Estonian securities over EUR 2,000,000 - EUR 80 + 0,001% of portfolio value exceeding EUR 2,000,000
Estonian securities EUR 320,000 up to 3,000,000 0,0025%
Estonian securities over EUR 3,000,000 EUR 80 + 0.001% of portfolio value exceeding EUR 3,000,000

(1) Maintenance fee is calculated once a month on the last banking day on the basis of the aggregated value of securities, kept on the securities accounts tied to one cash account. However a minimum maintenance fee as per price list is applied to an empty Baltic securities account. When calculating the value of securities, the bank proceeds from the net asset value (NAV) of the fund unit, for bonds - from the nominal value, for traded shares - from the market value or the most recent price, known to the bank. For the rest of the securities, the bank proceeds from the par value of the security or the accounting par value of the security. If information about the par value cannot be obtained from the financial data vendor, the par value shall be deemed to be 1. The maintenance fee of the securities account and the fee for the statement shall be debited from the client's cash account tied to the securities account once a month, the latest by the 15th day of the following calendar month.
(2) VAT shall be added to the service charge as per Value Added Tax Act. VAT is not added to monthly maintenance fee, if the securities account holds only the units or shares of a mutual fund stipulated in the Investment Funds Act or a mutual fund of a Member State of the European Economic Area.
(3) Only those accounts, which contain only the securities of Estonian companies, which are either bankrupt or under liquidation, are exempt from a monthly maintenance fee, based on the information received from the Baltic Central Securities Depository. Monthly maintenance fee is not calculated, if the only securities held in the securities account throughout the entire calendar month are those, belonging to Estonian companies, which are in bankrupt or under liquidation.
 

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