etru

Payments

General

IBAN is an international bank account number used for both domestic and international transactions.

The IBAN number for your personal account can be found:

  • on the front page of the LHV client agreement
  • in LHV Internet bank, if you choose “Summary Statement” from the left hand side, or
  • on the back of your LHV bank card (if you have a bank card).

The BIC for LHV Pank is LHVBEE22.

Transfer limits can be viewed:

  • In the LHV Internet Bank, by selecting “Information and Settings” → “Accounts and Limits” in the menu on the left. There you can view your active accounts, access authorisations to the account(s), and the daily or monthly limits.
  • In your Internet Bank agreement (either printed or in digital container).
  • LHV mobile app.

The following options are available for changing transfer limits:

  • The most convenient way to change the limits is to submit an application in the LHV Internet Bank. After logging in, select “Information and Settings” → “Accounts and Limits” in the menu on the left. There you can view your active accounts, access authorisations to the account(s), and the daily or monthly limits. By using the button “Change”, you can select the limits and user rights you wish to grant to the users of the Internet Bank, and then conveniently submit your application to us. We will review the application and contact you (the owner of the account) as soon as possible to verify the limits.
  • If you do not have the option of using the Internet Bank, we can change the limits on the basis of a digital signature. To do so, send an application in unattested written form to the e-mail address info@lhv.ee. We will then contact you to specify the information presented and send a new Internet Bank agreement for you to sign.
  • If you do not have the option of using the Internet Bank or providing a digital signature, you can also change the transfer limits at LHV’s customer offices. See the opening hours of our offices here.

You can obtain your account statement from the LHV Internet Bank. After entering, select “Assets and Liabilities” → “Account Statement” from the menu on the left.
Select the account and the period for which you need the account statement. Then, press the button “Update Statement” and save the statement in BDOC format.

If you need to transfer money at some point in the future, you can fill in the payment order in advance. On the day when you are inserting the payment you do not need to have the required amount for the payment on your account. However, ensure that the required amount is on your account on the payment date and that your account’s transaction limit allows for the payment to be executed.

You can view payments with a future date in your Internet bank by choosing Everyday banking → Payments → Pending payments.

Under pending payments, you can see payments yet to be made, which are:

  • currently being processed,
  • prepared, but awaiting your final confirmation,
  • with a future payment date,
  • faulty, or
  • cancelled by you or by LHV. You can see payments cancelled by you for a period of 10 days.

On the payment date, checks for sufficient funds in your account and transaction limits shall be performed six times during the day (06:45, 09:30, 12:00, 14:00, 16:30 ja 18:00).

If the funds have not been received by the time of the last check or the transaction limits have not been increased for the payment, we shall cancel the payment and you will need to enter a new payment order.

The error message is displayed when:

  • the reference number field should be filled in, but is empty;
  • the reference number field is filled in, but is incompatible with the standard.

The reference number on LHV’s payment form must correspond to the Estonian or international creditor reference number standard (ISO 11649).

If you have made sure that the invoice has the same reference number as the one you entered on the payment form, then it means that the service provider has not followed the standard reference number format when compiling the invoice. In this case, please enter the reference number in the “Payment desciprion” field.

The restriction only applies to private customers using PayPal. Business customers can set up their account so that disbursements are made to an account opened in Estonia or to the business customer’s bank card issued by MasterCard.

Private customers can direct payments to a bank card issued by MasterCard.

European payment

A European payment is a payment in EUR to another Estonian bank or a bank within the SEPA area.

The SEPA area is a single euro payments area, consisting of 28 European Union Member States: Estonia, Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom, and in addition Iceland, Norway, Liechtenstein, Switzerland, Monaco, and San Marino.

To make a European payment, in the Internet bank choose Everyday Banking → Payments → Payment type → European payment.

In the Internet bank, European payments are free of charge for LHV clients.

Check the arrival dates of payments here

Settlements between banks in the SEPA area are performed five times a day. In order for a payment by a client of LHV to reach another bank on the same day, the payment needs to be made by 16:30 at the latest. The more accurate arrival periods are:

Sum of the payment is debited from the client’s accountPayment received by the beneficiary at another bank (in Estonia)
00:00-07:0008:45-10:00
07:00-09:3011:00-12:30
09:30-12:0013:30-15:00
12:00-14:3016:00-17:30
14:30-16:3017:30-18:00
16:30-00:00the next business day from 08:45-10:00

Payments made during the weekend arrive in the beneficiary’s account on Monday between 08:45-10:00.

The payment is made in another bank between*Money is deposited in the client’s LHV account
16:30 - 7:0008:45-10:00
07:00-09:3011:00-12:30
09:30-12:0013:30-15:00
12:00-14:3016:00-17:30
14:30-16:3017:30-18:00

* The times may vary depending on the bank. Precise information will be provided by the sender’s bank.

European payments made over the weekend are deposited in the beneficiary´s account on Monday at 08:45-10:00.

In-house payments

In case of an in-house payment, the accounts of both the remitter and the beneficiary are at LHV. The payment can be in any of the currencies that LHV mediates and the payment reaches the beneficiary immediately.

To make an in-house payment, in the Internet bank choose Everyday Banking → Payments → Payment type → In-house payment.

If you use LHV Trader, then a payment entered before 17.00 and associated with a Trader account shall be received within an hour, by the morning of the next business at day the latest.

LHV TransferWise payment

A TransferWise payment consists of two transactions: a currency exchange and a payment.

You can make a payment in the chosen currency to the country where this is legal tender (for instance, you can make a payment in pounds sterling to the UK, a payment in US dollars to the United States, etc.).

The payment is made in the LHV internet bank or mobile bank but using TransferWise technology.

An LHV TransferWise payment can be made in the LHV Internet Bank or using the LHV mobile bank app.

The key terms and conditions of a TransferWise payment made via LHV’s e-channels include:

  • TransferWise payments are available in the Internet Bank and using the mobile app
  • Your LHV bank account must have sufficient funds in euros for both the payment and the service charges
  • The receiving currency may be GBP, USD, SEK, INR or AUD
  • You must have an active TransferWise account, in addition to an LHV bank account, to be able to make a payment

Since the payment provider is TransferWise, an active TransferWise account is required. Opening one carries no obligations for you. Once you have opened an account, you can conveniently access information on both pending and past payments by logging in to the TransferWise website.

When you make a TransferWise payment in the LHV Internet Bank or using the LHV mobile bank, you will be redirected to open a TransferWise account as soon as you have chosen the currency in which you would like to make the payment.

The page for opening an account is in English.

You do not have to; however, when you make a TransferWise payment in the LHV Internet Bank or using the mobile app, you will be asked to connect your existing TransferWise account to your LHV account.

As soon as you have chosen the payment currency on the payment form you will be redirected to the TransferWise page from which you can log into your TransferWise account.

To make a payment, open the LHV mobile app and then:

  1. Write in beneficiary’s name;
  2. write in beneficiary’s account number;
  3. choose the currency you wish them to receive;
  4. write in the amount required;
  5. you will see the exchange rate and the payment service charge on the screen (the service charge is already included in the euro amount);
  6. press the ‘Start Connecting’ or ‘Continue’ button
  7. you first payment will bring you to a screen where you can link your existing TransferWise account to your LHV account or, if you do not have one, where you can open a new account;
  8. then enter the beneficiary’s details
    • details of the beneficiary’s bank
    • the beneficiary’s e-mail
    • a reference for the beneficiary
  9. approve the payment order, and the amount indicated on the payment order in euros will be transferred into your TransferWise account.

Open the LHV Internet Bank to make a payment. For the TransferWise payment form go to: Everyday banking → Payments → New payment → Payment type → choose TransferWise payment from the drop-down menu

  1. Write in the payment beneficiary’s name
  2. choose the currency you wish them to receive;
  3. write in the amount;
  4. you will see the exchange rate and the payment service charge on the screen (the service charge is already included in the euro amount);
  5. press the ‘Start Connecting’ or ‘Continue’ button
  6. Your first payment will bring you to a screen where you can link your existing TransferWise account to your LHV account or, if you do not have one, where you can open a new account;
  7. then enter the payment beneficiary’s details
    • details of the beneficiary’s bank
    • the beneficiary’s e-mail
    • a reference for the beneficiary
    1. approve the payment order, and the amount indicated on the payment order in euros will be transferred into your TransferWise account.

LHV collects no service charge for the payment; you only pay TransferWise’s service charge. The total amount of service charges is shown on the payment order, and this amount will be debited from your LHV bank account immediately after the payment has been approved.

Detailed information on TransferWise’s service charges and their calculation is available on TransferWise’s webpage.

The payment will be received within 1 to 4 business days.

The payment order shows the estimated date of its receipt. TransferWise will keep you up to date on the movement of the payment by e-mail until the payment has been received in the recipient’s account.

You can always call or write to LHV customer support. TransferWise will contact you if there is a problem with the payment.

You need to enter the ACH ABA number in the routing number field. A bank operating in the United States may have two routing numbers, one ACH and other for the Domestic Wire transaction system.

ACH ABA is a 9-digit number (like the Domestic Wire ABA number) and banks use different names for it, e.g. “Routing number", "Electronic ABA routing number", "ACH routing number" or "Routing/Transit number".

Find more information on TransferWise site (choose English (US) in language settings).

Other payments

A cross-border payment is a transaction:

  • in a foreign currency (even if the beneficiary’s bank is located in Estonia);
  • in EUR, but the beneficiary’s bank is located outside the SEPA area.

To make a cross-border payment, in the Internet bank choose Everyday Banking → Payments → Payment type → Foreign payment.

You can view service charges for cross-border payments here

When filling in the foreign payment form, it is necessary to know:

- The beneficiary’s account number and the BIC number of the beneficiary’s bank;If you are missing the BIC, please fill in the fields “Name of the beneficiary’s bank” and “Address of the beneficiary’s bank”. If you know the beneficiary’s bank code (e.g. ABA in the USA, BLZ in Germany, Sort Code in Great Britain, etc.), please write it in front of the name of the bank, in the field “Name of the beneficiary’s bank”.- The name of the correspondent bank can be marked down if this information has been forwarded by the beneficiary (optional).If you are making a cross-border payment, you can choose whether to pay the service charge yourself in full or to share payment of the service charge with the beneficiary. View the service charges [here](/en/price-list-and-terms-and-conditions)Receiving a cross-border payment can take 1-5 banking days depending on the payment speed, so make sure that the payment is forwarded in time and choose the suitable payment speed for your payment. View the specific [payment arrival deadlines.](#a13)

Upon making a cross-border payment you can choose whether to pay the full service fee yourself or share the service fee with the beneficiary of the payment.

A shared service fee means that the remitter covers the service fees of the remitter’s bank and the beneficiary those of the beneficiary´s bank.

  • If the beneficiary´s bank is located outside of the Single Euro Payments Area (SEPA), then each bank participating in the payment chain will reduce the final sum sent to the beneficiary by the amount of their service fees.
  • If the beneficiary’s bank is located within the Single Euro Payments Area (SEPA), then the banks participating in the payment chain usually do not reduce the final sum sent to the beneficiary by the amount of their service fees.

If the service fee is paid by the remitter of the payment, then they cover the service fee of the sending bank as well as any other bank in the payment chain. The beneficiary will get the full amount paid. Upon making a payment, EUR 20 is paid to LHV for service fees, which usually covers the service fees of all the banks participating in the payment chain.

See also service charge for a cross-border payment

Before submitting the payment, please make sure that you have sufficient funds on your account to pay the service charge. LHV’s cross-border payment charges are accounted in euros.

Payment typeFee
Other payments as a regular payments (fee: shared)5 EUR
Other payments as a regular payments (fee: Paid by Remitter)5 + 20 = 25 EUR
Other payments as an urgent payments (fee: shared)15 EUR
Other payments as an urgent payments (fee: Paid by Remitter)15 + 20 = 35 EUR
Other payments as an express payments (fee: shared)30 EUR
Other payments as an express payments (fee: Paid by Remitter)30 + 20 = 50 EUR

The arrival of a cross-border payment depends on the chosen payment speed:

Payment typeEntering the payment order (1)Receipt by the beneficiary or beneficiary´s bank
Other payment as a regular paymentRUB before 10:30
CHF before 12:30
GBP before 15:00
EUR before 16:00
other before 14:30
2-5 banking days
Other payment an urgent paymentRUB before 10:30
CHF before 12:30
GBP before 15:00
EUR before 16:00
other before 14:30
1-2 banking days
Other payment as an express payment (1)CHF before 12:30
EUR before 14:30
GBP before 15:00
Payment date

(1) The only currencies available for express payments are the EUR, GBP and CHF.

The arrival of a cross-border payment depends on the chosen payment speed:

Payment typeEntering the payment order
Other payment as a regular paymentRUB before 10:30
CHF before 12:30
GBP before 15:00
EUR before 16:00
other before 14:30
Other payment an urgent paymentRUB before 10:30
CHF before 12:30
GBP before 15:00
EUR before 16:00
other before 14:30
Other payment as an express payment (1)CHF before 12:30
EUR before 14:30
GBP before 15:00

(1) The only currencies available for express payments are the EUR, GBP and CHF.

Send the remitter:

  • Your current account’s IBAN, which can be found in the Internet bank (Estonian IBAN has 20 digits, e.g.: EE901010123456789012)
  • The BIC (or SWIFT) code for LHV Pank: : LHVBEE22
  • Address of LHV Pank: Tartu mnt 2, Tallinn, Estonia

Instructions for a rouble payment (pdf)

For rouble payments to be received, forward to the remitter:

  • Your current account’s IBAN, which can be found in the Internet bank (Estonian IBAN has 20 digits, e.g.: EE901010123456789012)
  • The BIC (or SWIFT) code for LHV Pank: : LHVBEE22
  • LHV Pank´s Correspondent Bank: SEB Pank, SWIFT: EEUHEE2X
  • LHV Pank´s Correspondent Bank account details:
    • Sberbank of Russia, SWIFT: SABRRUMM012
    • Sberbank’s INN: 7707083893
    • Sberbank’s BIK: 044525225
    • Sberbank’s account with CBRF: 30101810400000000225
    • SEB Pank´s account with Sberbank: 30111810100000000333

A list of the currencies accepted by LHV for cross-border payments can be found here: Currencies accepted for cross-boder payments (pdf)

A cross-border payment in USD can be made from LHV Pank only when the beneficiary account is in a bank located in the US.

To enter a payment in the Mobile Bank, choose USD as the currency, and in the Internet Bank, select TransferWise payment as the payment type. Read more on the TransferWise payment.

When the recipient account is not in a bank located in the US, the cross-boarder payment (and TransferWise payment) cannot be made.

  • Cuba
  • North Korea
  • Iraq
  • Iran
  • Syria
  • Sudan
  • Zimbabwe
  • Burma (Myanmar)
  • Ivory Coast
  • Democratic Republic of the Congo
  • Liberia
  • Sao Tome and Principe
  • Turkmenistan

Cancelling and changing payments

If a payment has not yet been accepted for processing, you can cancel it in the Internet bank yourself. To do so, choose Everyday banking → Payments → Pending payments.

It is not possible to personally cancel a payment order which is being processed, so please contact our customer support immediately by telephoning 6 800 400.

If the payment has not been sent out of the bank, then cancelling the payment is free.

If the payment has been sent out of the bank, then LHV’s service charge does not apply to cancelling within 10 banking days, but the beneficiary’s bank’s service charge may have been deducted from the returned amount.

If the payment has not been sent out of the bank, then cancelling the payment is free.

If the payment has been sent out of the bank, then a fee for cancelling the payment is charged. In this case, cancelling depends on the decision of the beneficiary. If the beneficiary agrees to return the payment, the beneficiary’s bank’s service charge as well as service charges of payment mediatorsmay have been deducted from the amount.

If the payment is not yet being processed, you can change it in the Internet bank yourself. To do so, choose Everyday banking → Payments → Pending payments. First, cancel the pending payment order and then insert a new payment.

You cannot personally change a payment order which is being processed, so please contact our customer support immediately by telephoning 6 800 400.

If the payment order has been sent out of the bank, it is not possible to change the payment.

Standing order

In LHV, a standing order means that LHV shall perform the required transactions on your behalf, on the date agreed in the contract. In LHV, it is possible to conclude a standing order agreement for in-house and European payments.

For the standing order, you can determine:

  • beneficiary and amount,
  • payment date and period when the payment repeats (e.g. week, month, year).

On the payment date, we shall take the designated amount from your account and transfer it to the beneficiary. You only need to take care that the required amount is available in your account on the right date and that the transaction limits are sufficient. We shall check whether there are sufficient funds for the payment on the payment date and on the two following days. If there are insufficient funds on the account at that time or the transaction limit is insufficient for a standing order payment, the standing order shall not be fulfilled this time. The standing order agreement shall remain valid and this shall not hinder further payments (provided that there are sufficient funds on the account and the transaction limit is sufficient at the time of the standing order payment).

The most convenient way to conclude a standing order is in the LHV Internet bank, bank office, or with a digitally signed agreement. If interested, please contact LHV's customer support.

If you want to change the details of a standing order, the current standing order payment must be terminated and a new agreement with new details must be concluded. The most convenient way to do so is in the LHV Internet bank, bank office, or with a digitally signed agreement. If you need help, please contact LHV's customer support.

Transfer of settlement services

The transfer of settlement services means closing the current account in your current bank and opening a new current account in a new bank.

Upon transfer, the current account number shall change.

Upon transferring settlement services, you can choose whether you want to transfer all or only some of your standing orders and e-invoice standing order agreements.

If you are still thinking about whether to transfer your settlements to LHV, then take a look at our list of good reasons here.

It is not possible to transfer settlement services, if:

- your current account has been seized;- you have debts before your current bank;- you have concluded one of the following agreements:    - credit agreement;    - bank’s securities management agreement;    - term deposit, investment deposit, saving or operating deposit, or some other investment service agreement    - The issuer of e-invoices does not send e-invoices to LHV

For all EUR and currency transfer and converting transactions that occur with the transfer, the service must be paid for according to the price list (current and new) of the banks.

Yes, the respective application needs to be presented in writing to your local office of the National Social Insurance Board. You can file the application at the office, send it by mail or sign it digitally and send it by e-mail. The application form for the payment of pension, family benefit or parental benefit to your bank account is available at the web page of the National Social Insurance Board. The changes take force from the first day of the following month, when the application has been filed before the 20th day of the current month.

Yes, definitely, as the employer transfers your salary or wages to your bank account. For this, please fill in the application we have prepared, sign it digitally and e-mail it to your employer’s accountant or print it out and deliver it to them in person.
Application to redirect earnings (pdf)

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