Estonia — SWIFT/BIC Codes & Payment Info

Payment requirements for Estonia: Overview: Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, IBAN, and beneficiary bank address). Central Bank: For additional information, please refer to www.eestipank.ee/en.
Country Requirements/Restrictions: SEPA: Strict formatting standards and SEPA guidelines exist in Europe regarding cross-border payments. IBAN and SWIFT BIC are required for all euro payments. SEPA standards apply for euro payments to beneficiaries with accounts in Estonia.
Payment Formatting Rules for EUR: Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary. Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), full name (no initials) and address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. IBAN numbers for beneficiaries with accounts in Estonia must be included in the payment instructions.
Account # Ex: 123456789123
Country Code: EE
Structure: EE2!n2!n2!n11!n1!n
Length: 20!c
Electronic Format Ex: EE987654123456789123
Print Format Ex: EE98 7654 1234 5678 9123
Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. There are no specific bank clearing codes in this country for cross-border payments. SWIFT BIC is key to routing payments. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxEExx or xxxxEExxxxx.