SEPA payments starting from April 9th
We hereby inform you that Tallinn Business Bank will start the process of transition to a new intermediary in making SEPA payments on 9.04.2019. This may cause certain delays in effecting incoming and outgoing payments.
Bank will try to avoid any delays in effecting your outgoing SEPA payments made via the alternative TARGET-2 channel. The tariffs will remain unchanged.
We have arranged with the major Estonian banks that they will offer your payers to make payments in your favour via TARGET-2 provided that this payment completely conforms to the requirements of SEPA payment in case the effecting incoming SEPA payments is unavailable. This is a paid service, still we have an agreement with Coop Pank AS and AS LHV Pank banks to charge your payers according to usual tariffs.
As to incoming payments, we recommend you contacting payers making payments that conforms to the requirements of SEPA payment in your favour and advising them on the appropriate procedure effective from April 9, 2019.
The payers have the following option available: make payment that conforms to the requirements of SEPA payment in your favour via TARGET-2.
We will notify you immediately about additional opportunities.
We apologize for any inconvenience!
Tallinn Business Bank
Phone: (+372) 6688 066, (+372) 712 05 03
Fax: (+372) 6688 065