Terms and conditions of cash transactions
Amounts paid in cash shall be credited to the account the same day.
Amounts paid in by cash collection shall be credited to the account on the following banking day.
For cash withdrawal of over 15 000 EUR, an advance booking is required. An application for booking cash shall be submitted until 14.00 in writing or electronically.
Cash withdrawal takes place on the next banking day after booking.
A personal identification document is required for amounts exceeding 6 391 EUR.
Banking operations with non-clients are performed for double tariffs.
Assessment of bank notes takes place within a month.
Terms and conditions for executing transfers
Incoming payment orders.
|domestic - on the day the amount is credited to the account of Tallinn Business Bank with the Bank of Estonia.|
Ordinary payment order. Payment orders in EUR, DKK, GBP, SEK, LTL, LVL, CHF, NOK to be presented round of clock. Bank executes the payment according formula T+1, where T is the date when amount is debited from clients account. Payment orders in other currencies to be presented round of clock, bank executes these orders according to T+2 formula.
Urgent payment order. Payment orders in EUR, DKK, GBP, SEK, LTL, LVL, CHF, NOK to be presented until 13-00 local time. Bank executes the payment according formula T+0. Payment orders in other currencies to be presented round of clock. Bank executes these orders according to T+1 formula.
Express payment order. Payment orders in USD, EUR, LVL, LTL to be presented until 14-30 local time. Bank executes the payment according formula T+0.
Cancellation of payment order
It is possible to cancel a payment order if the money has not been debited from the correspondent account with the Bank of Estonia.
Conditions of converting
Conditions for buying-selling (converting) foreign currency:
- currency is transferred to the account on the same day the converting order was received
- currency is credited to a clients account on the day the amount is credited to the correspondent account
- converting is performed in case there is no force majeur.
- changes may occur in the converting conditions of CIS currencies, the bank is obliged to inform clients about the changes.
Calculation of current account interests and conditions of payment
Calculation of interests is based on considering the average balance of the current account, type of currency and the annual interest rate.
Annual interests shall be paid on current account, which are calculated from the minimal monthly average balance and shall be transferred to the clients account with Tallinn Business Bank once a year on the last working day of the year.
|Annual interests shall be paid on current account, which are calculated from the daily average balance|
Interests for accounts in the EUR are paid out monthly, on the last day of the month, by transfering the interest amount into the customers account with the Bank.
Interests for accounts in foreign currency are paid out on the last banking day of the year by transfering the interest amount into the customers account with the Bank.
Interests are calculated on the basis of the 365-days year.
When account is closed, interests smaller than 1 EUR shall not be paid out to the client.
Annual interest rates are calculated for each currency separately.
Factual costs are actual costs incurred to the correspondent banks (DHL, telex, fax, telephone, etc.)
Additional costs incurred to the bank at clients request shall be covered by the client.
All service charges are in EUR. Service charges on foreign currency accounts are converted according to the daily rates of Tallinn Business Bank.
Clients can perform transactions only within the amount of the average balance of his/her account.
Service charges are paid by the Client who performs transactions and the charges are withheld from the clients account.
The service charges of current account shall be withheld from the clients account on the last working day of the year. In case there is no sufficient amount on the account, the amount shall be booked and shall be debited from the first incoming payment. Current account is closed if there is no money on the account.
The Bank reserves the right to make changes in this price list. The bank shall notify the clients through electronic media, information boards in the branch offices, other media (post, telephone, fax).