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Homepage / Settlements and Standards

Estonian IBAN

General Document of Implementation of Estonian IBAN (PDF, 13 pages)

Leaflet "International Bank Account Number" (PDF, 2 pages)

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Information on European banking standards on the homepage of ECBS (European Committee for Banking Standards)

Information on Estonian settlement systems on the homepage of Eesti Pank

Check Digit Calculator of Domestic Account Number

Estonian domestic account number with check digit consists of at least 4 and a maximum of 14 numeric digits. All characters in the account number structure are numeric. The first two digits are the code of the bank holding the account. The first digit of the bank code cannot be 0. The check digit is incorporated in the account number. It is always the last digit of the string.

Domestic account number without check digit:

Check digit:

Complete domestic account number with check digit:

Algorithm in PHP

Author: Indrek Päri

<?
function arvutaViitenumber($nr){
    $nr = (string)$nr;
    $kaal = array(7,3,1);
    $sl = $st = strlen($nr);
    while($nr{--$sl}>='0'){
        $total += $nr{($st-1)-$sl}*$kaal[($sl%3)];
    }
    $kontrollnr = ((ceil(($total/10))*10)-$total);
    return $nr.$kontrollnr;
}
?>

Bank Codes of Estonian Banks

Bank

BIC code

Bank code in domestic account number

Bank identifier in IBAN

Bank code in domestic inter-bank clearing system

AS Eesti Krediidipank

EKRDEE22

42

42

742

Eesti Pank (Bank of Estonia)

EPBEEE2X

16

16

160

SEB Bank

EEUHEE2X

10

10

401

AS Swedbank

HABAEE2X

22, 11

22

767

Bank DnB NORD AS Estonia branch

RIKOEE22

96

96

696

Nordea Bank Estonia Branch

NDEAEE2X

17

17

801

Parex Banka Estonia Branch

PARXEE2X

12

12

700

Marfin Bank Estonia

SBMBEE22

55

55

798

AS Sampo Pank (Danske Bank Estonian branch)

FOREEE2X

33

33

720

Tallinna Äripanga AS

TABUEE22

93

00

793

AS UniCredit Pank Estonia Branch

HYVEEE2X

88

88

699

Svenska Handelsbanken AB Estonia branch

HANDEE22

83

83

695

Pohjola Bank

OKOYEE2X

51

51

690

LHV Bank

LHVBEE22

77

77

689

>> Look here for BIC codes of other banks.

Updated: 25.09.2009

Reference Number of the Invoice

The standard of reference number

Standard defines:

· Length of reference number

· Position of check digit

· Algorithm for check digit calculation

Reference number is numeric transfer clearance issued by invoicing party witch is corresponding to the present standard.

Requirements of standard

The length on reference number is between 2 and 20 characters.
The last character of reference number is check digit (the invoicing company is free to generate its reference numbers at 1…19 characters of length, the check digit is calculated using 7-3-1 method.
To ensure better readability the characters of reference number may be presented as four-digit groups, groups being separated by one empty character space. The spaces are not used in the electronic form of reference number.
Check digit is calculated using 7-3-1 method.

The calculation of check digit using 7-3-1 method:

1. The digits in the basic reference data (1…19 numeric characters) to be verified are multiplied by the weights 7, 3, 1, 7, 3,1 … from right to left .

2. The multiplied sums are added up

3. The sum is subtracted from then nearest figure ending in zero.

4. The resulting difference is the check digit, which is entered as the last digit in the reference number.

The implementation of standard

The banks of Estonia are verifying the reference numbers accordance to standard since 01.02.1997, the inadequate reference numbers are not accepted.

Example for the calculation of the check digit

Basic reference data	1	2	1	3	1	2	9	5
Weights from right to left	3	7	1	3	7	1	3	7
The products arrived at are added together	3	14	1	9	7	2	27	35	98
The following number ending in zero									100
from which the added sum is subtracted									-98
Difference									2

In the example, the reference number with its check digit is 121312952 and it is printed from left to right in four-digit groups, the groups being separated by one empty character space. The spaces are not used in the electronic form of reference number.

Current account switching

Customers of Estonian banks can use assisted service for bank account switching from 01.01.2010

The following services will be switched to the new bank upon request of the client:

• the current account together with all the standing orders and direct debits (complete bank account switching) or

• only selected standing order and direct debit agreements (partial bank account switching).

Bank account number of customer will change when complete bank account switching option is used.

Bank account switching is not possible in all occasions; the prohibitive circumstances include for example seizure of current account and indebtedness to the bank. Other limitations arising from law or contractual agreement may occur.

Customers are advised to address switching request to the new bank, new bank

will support the consumer in switching and present to the consumer with the relevant

services. All further operations will be carried out by banks on behalf of customers according to the proxy given by the customer.

New bank is acting as a primary information source, information regarding to the switching is also available in following documents:

· Customer information booklet

· Common principles of current account switching

Estonian current account switching process is in correspondence with common principles of current account switching composed by EBIC (European Banking Sector Committee).

Ahtri 12 Tallinn 10151 Tel: 611 6567 Faks: 611 6568