Eesti Pank closes the interbank retail payment system ESTA

Date: 
Friday, 31. January 2014
Contact: 

Eesti Pank closes the interbank retail payment system ESTA. As of February 1, banks will be using the trans-European retail payment system STEP2 for interbank settlements. As a result, the deadlines for interbank settlements will change. Transferring money from one bank to another will take 3 to 5 hours. If the money needs to be received on the same day, the payment should be entered between 3 PM and 4:30 PM at the latest (depending on the bank). For further information please contact your bank.