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You can make payments inside Estonia and abroad via our Internet and mobile bank and in our branches. When you make an instant payment, the money reaches the recipient in a matter of seconds, any day and any time.

Intra-bank and European payments are free of charge via the electronic channels for the users of Corporate banking plan.

Intra-bank payment

An intra-bank payment, as a rule reaches, the payee immediately as both the payer and payee have accounts in Coop Pank. Payments can be made in different currencies.

Instant payment

Instant payments work in Europe as long as the recipient’s bank has joined the system. A payment that does not exceed 100,000 euros will reach the recipient almost instantly, irrespective of the day of the week and the time of day. In Estonia the following banks have joined the instant payments system: Coop Pank, Swedbank, SEB and LHV.

European payment

An European payment will reach the payee within 3-5 hours if the transaction is made on a business day before 3.30 p.m. A payment made after 3.30 p.m. will reach the other bank on the next business day. Payments can be made in euros to member states of the EEA Agreement.

Cross-border payment

A cross-border payment will reach the payee within 5 business days. Payments can be made in different currencies and as urgent or express payments.

Free payments

Free intra-bank and European payments for the users of Corporate banking plan.


See more

Payments up to the value of 100,000 euros are automatically transferred as instant payments if the recipient’s bank is part of the instant payment system. If this is not possible, the payment is transferred as an ordinary European i.e. SEPA payment. Settlements between banks in the SEPA region take place several times a day. A payment made by a Coop Pank client will reach another bank on the same day if it is made before 15:30. The time at which the payment is received in the account of the other bank depends on the speed with which said bank processes incoming payments.

The estimated times of receipts are:

Amount has been taken from the client’s account Money is received by payee in another Estonian bank*
Before 8:30 After 11:00
Between 8:30 and 11:30 After 13.30
Between 11:30 and 14:30 After 16.00
Between 14:30 and 15:30 After 17.30
After 15.30 After 8:45 on the next working day

 * The time when payments are received in other banks depends on the internal processes of each bank.

A SEPA payment initiated in the weekend will reach the payee on Monday after 8:45.

Coop Pank has instant payment capability, which means that we can receive the instant payments sent to us as instant payments as well. If the other bank did not send a payment to us as an instant payment, the receipt of the amount in the payee as a SEPA payment make take a little longer.
Receipt times:

Period when payment made in other bank* Money received by Coop Pank client
Before 7.00 After 9.30
7.00-9.30 After 11.30
9.30-12.00 After 15.30
12.00-14.30 After 16.30
14.30-16.30 After 18.30
After 16.30 After 9:30 on the next working day

* The times are different in respect of other banks, the times here are estimates. The exact information is obtained from the bank that initiated the payment.

There may be some exceptional cases where a payment may take longer to arrive. This may happen as a result of the bank’s control systems, technical situations, etc.

E-invoice is an electronic invoice sent to the Internet bank that replaces invoices sent on paper or via e-mail.

In Coop Pank Internet bank, you are able to order e-invoices at once from all companies that have joined the environment.

In order to conveniently pay your e-invoices, enter into a standing order agreement and the bank will automatically handle your transfers based on the e-invoices you have received.

Why use?

  • Convenient – e-invoice standing order is effected automatically (no need to remember payment deadlines)
  • Simple – all you have to do is make sure that you have the amount required for payment in your account
  • Environmentally friendly – trees required for the production of paper invoices are left growing

Review the conditions of the e-invoice standing order agreement.


Collecting payments with the e-invoice service

If your company receives payments from the same clients every month, it would make sense for you to use the e-invoice service to collect them. The service will make collecting money both quick and easy for your company and the payers.

In order to send e-invoices to the bank, your company must enter into an e-invoice forwarding agreement with the operator. E-invoice forwarding services are offered by the following operators (e-invoice mediators) Unifiedpost (Fitek AS) (tel +372 651 9519, või Finbite OÜ (Omniva) , tel +372 656 5400,

Standing orders are excellent for making regular payments of a fixed amount.

Standing orders can be used to automatically transfer a specific amount or your entire account balance. You are able to define the frequency of payments yourself: once a day, once a week, once a month, or once every quarter.

Why use?

  • Convenient – payment is effected automatically (no need to remember payment deadlines)
  • Simple – all you have to do is make sure that you have the required amount in your account

Review the conditions of the standing order agreement.

  • Import

In the Internet bank payments can be conveniently read from the accounting program in the Internet bank.
File formats that are compatible: XML (ISO 20022).

  • Export

Payments made through Internet bank can be saved in a statement extract file that can be imported into an accounting program.
Available file formats are XML (ISO 20022) and Telehansa.

You can confirm up to 10 payments using biometric identification (through fingerprint or facial recognition), provided that none of them exceed 100 euros. The 11th payment needs to be confirmed using Mobile ID, Smart ID or PIN2 on your ID card. Thereafter you can confirm another 10 payments using biometrics.

This limit applies in all channels: when making payments in our Internet and mobile banks, at third-party outlets and via a bank link.

The number of times you can confirm payments using biometrics is user-based and covers all of the accounts you are authorised to use – so for example you can still only confirm 10 consecutive payments even if you do so from your own account, your child’s account and your company’s account one after the other.

Biometrics cannot be used to confirm more than one payment at a time. In order to confirm mass and collective payments downloaded from a file or several individual payments at the same time you will still need to use PIN2 on your ID card.

To confirm a payment in the app using biometric authentication you will need to show your face to your device’s camera or place your finger on the screen after clicking ‘Confirm’ on the payment form.

When using biometrics to confirm a payment in the Internet bank, at a third-party outlet or via a bank link you will receive a payment confirmation notification on your phone which opens in the app in the form of a control code. If you don’t receive such a notification, open the app using the control code to view the payment form. If the code on the app form is the same as the one shown in the channel in which you initiated the payment and your face or fingerprint is recognised, your payment is confirmed.

You will still need to use Mobile ID, Smart ID or PIN2 on your ID card to enter into or amend contracts.