Cross-border payment

An ordinary cross-border payment will reach the beneficiary in 2-7 settlement days, depending on the country. Ordinary payments have the most favourable the commission fees.

Urgent payment will generally reach the beneficiary in 2-5 settlement days.

Express payment will reach the beneficiary’s current account the latest on the next settlement day, if you originated the payment on a working day:

For Canadian dollar, pound sterling and Russian rouble, before 11.a.m.
For Danish krone, Norwegian krone and Swiss franc before 1.p.m.
For US dollar, euro and Swedish krona before 3 p.m.

If someone wants to send you a payment from abroad

Forward to the remitter:

IBAN of your current account, which can be found from the Internet Bank or calculated by using a calculator. Estonian IBAN has 20 digits (E.g.: EE901010123456789012)
SEB Bank BIC (SWIFT Code): EEUHEE2X
Bank’s address: Tornimäe 2, Tallinn, Estonia

The speed of receiving a cross-border payment depends on the type of payment, selected by the remitter, the country of location and currency. Read more

Choose the type of payment: the speed and commission fee of payment depend on it.1. Choose the type of payment. The speed and commission fee of payment depend on it.
- Ordinary payment
- Urgent payment
- Express payment
Choose suitable type of commission fee
- In the event of a payment with shared charges (SHA), the payment of commission fees is different for settlements in the European Economic Area (EEA) or outside it. If the beneficiary is located in the EEA and the payment is made in a currency used in the EEA, no bank in the payment chain can deduct service charges from the amount specified in the payment order. If you initiate a payment with shared charges, the amount will reach the beneficiary’s bank in full and you will pay the commission fee of SEB and the beneficiary will pay the fee of his bank. Shared charges is the most common type of commission fee in the world. If a payment with shared charges is made outside the EEA, each bank in the payment chain will deduct its service charges from the amount.
- For a payment “without charges to beneficiary” (OUR) you will pay all the commission fees. The payment will generally reach the beneficiary in full amount. Starting from 22 May 2010, this type of commission fee can be used for making payments between the EEA member states or in a currency, effective in the EEA only, if upon originating, the payment involves currency conversion.
If the payment is in another currency than that of the beneficiary’s country, enter also the correspondent bank data of the beneficiary’s bank, provided by the beneficiary (name, address (city and country) of the correspondent bank, other additional data).

If you make cross-border payments to Russia, then read more from the instructions of making RUB payments Instructions for making rouble payments to Russia.

Main correspondent banks of SEB
Restricted regions for cross-border payments
Cross-border payments to banks in the United Arab Emirates

Terms and conditions of settlement

The speed of receiving a cross-border payment depends on the type of payment, selected by the remitter, the country of location and currency.

As a rule, we transfer receivables to your account on the same settlement day. If the payment reaches the bank after 4 p.m, the recevables will be transfered to your account on the next settlement day.

Currency conversion of cross-border receivables

If you receive foreign currency in your current account, the currency will be converted into account currency by using the transfer rate, applicable on the settlement day.

If you would like to receive the amount in the currency it was received, then open a current account or a currency interface of your account for the relevant foreign currency in Internet Bank or at a branch.

IBAN calculator

Recurring payments can be pre-defined. Subsequently, when making a payment to the same payee the payment order shall be pre-completed already, and you will need to enter just the amount and payment text.

Predefined payments can be made in:

Predefined payments can be added in:

Outgoing payments	Over the counter	Electronic services (incl. standing payment order, banklink payment)
1. Internal payment (1)
in euros	EUR 2.30	EUR 0.16
in foreign currency	EUR 3	EUR 2
intra-account conversion	free of charge	free of charge
2. European payment (1,2)
ordinary payment (incl. instant payment (3))	EUR 3.50	EUR 0.38
express payment (4)	EUR 35	EUR 30
3. Cross border payment
ordinary payment
with shared charges (5)	EUR 25	EUR 6
without charges to beneficiary (6)	EUR 45	EUR 26
urgent payment
with shared charges (5)	EUR 35	EUR 14
without charges to beneficiary (6)	EUR 55	EUR 34
express payment in euros
with shared charges (5)	EUR 35	EUR 30
without charges to beneficiary (6)	EUR 55	EUR 50
express payment in foreign currency (7)
with shared charges (5)	EUR 60	EUR 39
without charges to beneficiary (6)	EUR 80	EUR 59
4. Transfer order for debiting in consolidated amount (8)	-	EUR 0.16
the internal payment on the transfer order	-	free of charge
the ordinary European payment on the transfer order	-	EUR 0.38
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. If the beneficiary's bank is outside Estonia, the beneficiary's bank must have a correct BIC. The beneficiary's bank is in a member state of the European Union, Island, Liechtenstein, Norway, Switzerland, Andorra, San Marino or Monaco. (3) Instant payments can be made only in electronic channels – in Internet Bank (including import of payments) and SEB mobile app. (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 17.45. The beneficiary's bank must have a correct BIC and account number must be indicated with IBAN. (5) 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. (6) 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. (7) Upon agreement with the Markets department. (8) A transfer order for debiting a consolidated amount can be forwarded from electronic channels via Host to host banking interface and SEB Internet Bank for Business. 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
(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". An exception is a transfer order received from an European bank marked as "without charges to beneficiary", where the remitting bank has not indicated currency conversion.

Cross-border payment

Payment in foreign currency or outside European Economic Area

IBAN calculator

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