Account switching

When transferring the settlement services, you can choose whether you would like to transfer the services to SEB

• completely, i.e. current account with all the standing payment orders and e-invoice with automated standing orders
• partially, i.e. only your chosen standing payment order and e-invoice with automated standing order contracts (current account is not transferred)

When transferring the current account, we shall take care of the closure of your current account in your former bank and open a new account with SEB. Upon transfer, the current account number will change.

When transferring the standing payment orders and e-invoices with automated standing orders we shall proceed in the same manner.

For more detailed information about the relevant circumstances related to the transfer of e-invoices with automated standing orders please read the client newsletter.

Transfer of settlement services is not possible if

1. Your current account in your former bank has been seized
2. You have debts towards your former bank

You can transfer the settlement services only in part, if

1. You have concluded with your former bank
   • a credit contract
   • a securities account management contract
   • a term deposit, investment deposit, savings or operating deposit or any other investment service contract
2. The funds in your former bank are insufficient for paying for the transfer of current account balance.

You can obtain further information on the transfer of settlement services from our client service employee at your nearest branch, by customer support line 665 5100 or from the website of the Estonian Banking Association.