Global registry · Europe · Northern Europe

Estonia Payment systems

1 system listed.

This country doesn’t have a written market analysis yet: e-commerce shares, regulator, and key players are still to be documented. The systems below, however, are verified.

IBAN · Estonia

20 charactersSEPA area16 bank codes44 BIC codes
Total length
20 characters
Bank code position
5–6
BBAN structure
2!n2!n11!n1!n
Structurally valid example
EEcountry code38check digits22bank00221020145685account

EE38 2200 2210 2014 5685

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Clearing and settlement

ESTA (Eesti Panga tavaliste maksete süsteem)DiscontinuedEstonian retail clearing system run by the central bank and shut down for lack of participants. Even after its price was cut to two cents per payment, banks in Estonia preferred STEP2, which their parent companies already used. Since then, Estonia has had no domestic rail and settles through Eurosystem infrastructure.Eesti PankClosed at the end of the business day on January 31, 2014 (Eesti Pank)

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