SEB EE review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
SEB EE suits students and teens in Estonia who want savings alongside everyday banking. A variable rate of 1.65% pays on an open-ended deposit, the minimum deposit is €0, though the everyday account carries a monthly fee of €1.45.
Key facts
- Best for
- Students and teens in Estonia saving small sums with easy access to the money
- Monthly fee
- €1.45↗
- Currency conversion fee
- 1.5%↗
- Currencies
- 18↗
- Local account details
- IBAN↗
- Free ATM withdrawals
- €1,000↗
- Transfer fee
- SEPA and internal EUR payments 0.25 EUR in electronic channels; foreign transfer from 6 EUR↗
- Legal entity
- AS SEB Pank↗
- Headquarters
- Estonia↗
- Support channels
- Chat, Email, Phone, Help-centre↗
- Audience
- Students, Teens
- Pricing model
- No monthly fee
- Features
- Free ATM withdrawals
- Official website
- seb.ee
Savings
Money transfer
- Delivery time
- Immediate for European instant payments up to the instant payment limit↗
- Payout methods
- Bank, Cash-pickup↗
- Fee to send 1,000
- €0.25↗
Facts checked September 26, 2026, 10 sources
Apps and profiles
- Get the app
- Google Play
Pros and cons
Pros
- Minimum deposit is €0, so the pot can be opened without paying in
- Easy-access account with no notice period and a variable rate of 1.65%
- A free ATM allowance of €1,000 sits with the everyday account
- Support runs on chat, email and phone
Cons
- The monthly fee of €1.45 is well above the site median of €0
- The currency conversion fee of 1.5% is above the site median of 0.5%
- Withdrawal to a current account is free from the third calendar day, and same-day transfers carry a percentage fee
Who it suits
- Students and teens who want a first savings habit in euros
- Estonian residents who bank in euros and want a local IBAN
- Savers who need easy access rather than a locked term
Who should look elsewhere
- Anyone hunting the highest return, since the 1.65% variable rate sits below the site median of 3%
- Savers who need free ATM access, because eToro lists no free ATM allowance
- People who want no monthly charge, since PayPal Colombia has a monthly fee of $0
How SEB EE compares
9.0 vs 8.7
9.0 vs 8.6
9.0 vs 8.0
9.0 vs 8.9eToro has a monthly fee of £0 and 18 currencies are listed for SEB EE, so SEB EE suits savers holding several currencies.
9.0 vs 9.1
9.0 vs 9.2
9.0 vs 8.7
9.0 vs 8.7
9.0 vs 8.7
9.0 vs 9.0Skrill charges a monthly fee of €0 while SEB EE charges €1.45, so Skrill costs less to hold, but SEB EE pays a variable rate of 1.65% on the deposit.
9.0 vs 8.7
9.0 vs 9.5
9.0 vs 9.4
9.0 vs 9.3
9.0 vs 9.2
9.0 vs 9.2
9.0 vs 9.2
9.0 vs 9.2
9.0 vs 9.2
9.0 vs 9.2
9.0 vs 9.1
9.0 vs 9.0
9.0 vs 9.0
9.0 vs 8.9
9.0 vs 8.9- 9.0 vs 8.9
9.0 vs 8.7
9.0 vs 8.5
9.0 vs 8.5
9.0 vs 8.5
9.0 vs 8.4
9.0 vs 8.3
9.0 vs 8.2
9.0 vs 8.1- 9.0 vs 8.1
9.0 vs 8.0
9.0 vs 8.0
9.0 vs 8.0
9.0 vs 9.1
Where SEB EE is available
- Available
- Estonia
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Is there a monthly fee to keep the account?+
Yes. The everyday account package carries a monthly fee of €1.45, which is well above the site median of €0. The deposit itself is separate and pays a variable rate of 1.65%, so the charge sits on the banking side rather than the savings side.
What interest do I earn on the deposit?+
The deposit pays a variable rate of 1.65%, so the figure can move. That sits below the site median of 3%, which is worth weighing if you are mainly chasing return rather than convenience.
How much do I need to put in to start?+
The minimum deposit is €0, so the account can be opened without a meaningful commitment. The everyday account also includes a free ATM allowance of €1,000, which helps if you still handle cash.
How quickly can I get my money out?+
It is an easy-access account with no notice period, so nothing is locked away. Withdrawal to a current account is free from the third calendar day, while a same-day transfer costs a percentage of the amount with a minimum charge.
What do transfers cost?+
SEPA and internal euro payments cost €0.25 in electronic channels, which keeps bills and local transfers cheap. A foreign transfer costs more and starts from a higher amount, so cross-border payments are the expensive part.
How many currencies can I hold?+
The bank lists 18 currencies, above the site median of 5. Conversion costs 1.5%, higher than the site median of 0.5%, so holding balances rather than converting is the cheaper habit.
Is the money safe?+
The provider is AS SEB Pank, a bank based in Estonia, so the deposit is a bank deposit rather than a wallet balance. Support runs on chat, email and phone, including phone and email, so there is a direct route to the bank for account questions.
Which currencies and local details do I get?+
You get a local IBAN for euro payments, and the bank lists 18 currencies overall. Currency conversion is charged at 1.5%, so euro accounts avoid the fee entirely.
Sources
- seb.ee checked September 26, 2026
Backs: Legal entity
“You are on the homepage of the financial services companies AS SEB Pank, SEB Life and Pension Baltic SE Estonian branch, AS SEB Leasing and AS SEB Asset Management”
- seb.ee/en/price-list checked September 26, 2026
Backs: Payout methods, Fee to send 1,000
“Outgoing payments: internal payment, European payment, cross border payment; Cash withdrawal in SEB Estonia, SEB Lithuania, SEB Latvia ATMs”
- seb.ee/en/private/daily-banking/payments checked September 26, 2026
Backs: Delivery time
“Payments in euros are made immediately if the payment amount does not exceed your Instant payment limit and beneficiary bank enables Instant payments”
- seb.ee/eraklient/hoiuste-intressimaarad checked September 26, 2026
Backs: Rate type
“Kogumishoius (k.a Digikassa) - Võimalus oma vaba raha jooksvalt kasvatada. Intressimäär on aastas 1.65%”
- seb.ee/eraklient/igapaevapangandus/arvelduskonto checked September 26, 2026
Backs: Support channels
“For questions, please use the virtual adviser, call our client support line on 665 5100 or send a message from the internet bank menu”
- seb.ee/eraklient/igapaevapangandus/maksed/valuutakursid checked September 26, 2026
Backs: Currencies
“USD-AUD-CAD-CHF-DKK-GBP-JPY-NOK-SEK-HKD-HUF-PLN-CZK-RON-TRY-CNY-SGD-NZD (currencies quoted by the bank)”
- seb.ee/eraklient/igapaevapangandus/paketid checked September 26, 2026
Backs: Free ATM withdrawals, Audience, Features, Pricing model, Monthly fee
“Free cash withdrawal from SEB ATMs in Estonia, Latvia and Lithuania: 1000 euro per calendar month (Everyday plan)”
- seb.ee/eraklient/kogumine-ja-investeerimine/kogumine/kogu... checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit
“Väljamaksed tasuta alates kolmandast päevast ... Soovides ülekannet samal päeval arvelduskontole kaasneb teenustasu 0,5%, min 1,60 eur.”
- seb.ee/hinnakiri checked September 26, 2026
Backs: Currency conversion fee, Local account details, Transfer fee
“Fee for transactions made in a foreign currency: 1,5% of the transaction amount where the transaction currency is other than EUR”
- seb.ee/seb-st/seb checked September 26, 2026
Backs: Headquarters
“725 000 private and business customers in Estonia”
Compiled from 10 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection.
Related by the facts
SEB EE
Students and teens in Estonia saving small sums with easy access to the money