International payments
We hereby inform you that on April 14, 2025, AS TBB pank received approval from the Estonian Financial Supervision Authority to voluntarily cease operations.
TBB pank is no longer providing financial services. This also means that TBB pank can no longer use standard payment systems.
Information for the customer with regard to the transfer of data to third countries
Pursuant to the general terms of the bank and the principles of processing customer data, when entering into a business relationship with the bank or expressing a wish to enter into a business relationship with the bank, the customer grants its consent to the bank for processing and transferring of personal data to third parties. Upon fulfilment of the agreement entered into with the customer, the bank will transfer the data to third parties, including other countries, in accordance with the principles of processing the customer data. The bank may transfer the customer’s personal data, including personal data and the data covered by banking secrecy, to correspondent banks and payment institutions involved in the execution of domestic urgent payments and international banking transactions (domestic and international payments in foreign currency; international payments and securities transactions; check processing, etc.), incl SWIFT (Society for Worldwide Interbank Financial Telecommunication). See www.swift.com.
According to SWIFT’s privacy policy (Frequently Asked Questions | SWIFT – The global provider of secure financial messaging services) SWIFT data processing centres are located in the member state of the European Union and in the United States, thus the banking transaction data, including the personal data of the originator and recipient of the transaction, is retained, regardless of where the transfer takes place, both at the SWIFT-owned processing centre in a member state of the European Union and in the United States.
The bank complies with the requirements arising from the money laundering and terrorist financing prevention act and data protection legislation. When executing a banking transaction, the bank, payment institution or SWIFT involved in the transaction may be required to disclose the details of the banking transaction and the personal data of the related customer to the competent national authority of the relevant country of location in the cases provided for in the legal acts of the country of location, in particular for money laundering and terrorist financing prevention purposes.
If an international banking transaction involves the financial institution (correspondent bank or other payment institution) in a country with an inadequate level of data protection (i.e. a country that has not acceded to the EEA Agreement and has not been considered by the European Commission as having an adequate level of data protection (e.g. China), see the list of countries here), the bank cannot ensure that in processing the customer’s personal data by the financial institutions located in those countries the data processor has the same obligations and the customer has the same rights as when processing the data in a member state of the European Union or in another country with an adequate level of data protection.
Information about the bank’s correspondent banks can be found on this page
The bank shall take all measures necessary to protect the personal data of customers.