Guarantee
A guarantee helps secure the various risks and obligations arising from contracts in local and international business. We offer various types of guarantees so you can find the one that suits you the most.
Dear client, The online bank and mobile app of Coop Pank will not be available for use from 02:00 to 14:00 on Sunday, 24 September, because of scheduled development work. There will also be disruptions in making payments online and authentication via bank link during this period. During this period, it will be possible to make payments with Coop Pank cards in the physical payment terminals of all points of sale and to withdraw cash from all ATMs and the checkouts at Coop stores. We apologise for the inconvenience!
A guarantee helps secure the various risks and obligations arising from contracts in local and international business. We offer various types of guarantees so you can find the one that suits you the most.
A letter of guarantee issued by Coop Bank gives your partner the reassurance that they will receive the amount agreed in the letter of guarantee if your company does not perform its contractual obligations.
We issue guarantees according to URDG 758 (Uniform Rules for Demand Guarantees) and the law of Estonia.
A bank guarantee is an independent obligation and not legally connected to the purchase and sales contract. The submission of a payment claim is easy and the bank will pay out the amount agreed in the letter of guarantee on the first demand.
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See the price list of Coop Pank.
The bank guarantee is an irrevocable obligation of the bank, which is why we regard applications for a guarantee equally with applications for any other credit products.
Collaterals