pangaülekandega

pangaülekandega is Estonian for paying by bank transfer, referring to a payment made by transferring funds between bank accounts. The term is the instrumental form of pangaülekanne (bank transfer). In a pangaülekandega payment, the payer instructs their bank to move money from their account to the recipient’s account, using the recipient’s name, IBAN (and, if necessary, BIC/SWIFT code) and an amount. A payment reference may be included.

The transfer is initiated through online banking, a mobile banking app, in-branch, or telephone banking. The funds travel through domestic or international payment networks; within the euro area, SEPA transfers are common, while cross-border payments may use SWIFT. In Estonia, payments in euros are typically processed quickly, and many banks offer same-day or next-day transfers; instant payments (near real-time SCT Inst) are available for eligible transfers.

Timing and costs vary by bank, currency, and service level. Domestic transfers are frequently inexpensive or free, while international transfers may incur fees and currency conversion costs. The payer bears the charges; some transfers allow recipient-borne charges by arrangement.

Security considerations include verifying recipient details and using secure channels; beware phishing and fraud. The term pangaülekandega appears in invoices, contracts, and banking forms to denote that payment should be made by bank transfer.