Info  Dear client, In order to protect yourself against scammers it is important you think about what you are being asked to confirm with your PIN and that you never share your PIN with others. Bear in mind that you never need to enter PIN2 when logging in to the Internet bank and that the bank will never ask you for it over the phone or by e-mail.

Menu

Coop Pank introduces contactless payments

Starting today Coop Pank customers can use secure Google Wallet and make simple and convenient Google Pay instant payments with an Android phone.

On Wednesday Coop Pank paid dividends to 36,500 shareholders

On Wednesday, the domestic Coop Pank transferred to the accounts of its 36,500 shareholders dividends of 4.5 cents per share – for a total of 4.6 million euros.

Coop Pank raises the interest rate on demand deposits for business clients

From May 1, Coop Pank’s interest rate on demand deposits for business clients will increase from 0.15% to 0.5%. This is the highest interest rate for demand deposits offered to business clients on the Estonian market and applies to any deposits of 1 euro or more.

Opening hours and transfer of payments on 1 May

Please note that all of our branches and customer service will be closed on 1 May due to public holidays, also the transfer of payments will be affected.

Coop Pank makes opening accounts easier for business customers

Starting this week, in addition to private clients, business customers of Coop Pank can also open current accounts on the bank’s website without having to physically visit its office.

Principles of processing customer data to change on 17 May 2023

On 17 May 2023 Coop Pank will update its principles of processing customer data. The main changes are as follows: 

Coop Pank started issuing unique cards designed by an Estonian artist

Starting today, April 17, Coop Pank will issue new bank cards that stand out for their vertical design and ease of use. For the first time, all information about the payment card is collected on the reverse side. The new cards of Coop Pank were designed by young Estonian artist Holger Kilumets.

Changes in connection with Coop Pank’s banking plan travel insurance

The terms and conditions of the travel insurance with monthly premiums that comes with Coop Pank's current account packages will be changing on 15 April 2023.

Opening hours and transfer of payments during the public holidays

Please note how the forthcoming Easter holidays will affect the transfer of payments. Internal and instant interbank payments will be transferred as normal.

Private client price list to change on 3 April

Please note that as of 3 April 2023 no new overdrafts will be entered into with private clients.

The terms and conditions of on-demand deposits for business clients will be changing on 1 April 2023

From 1 April the one million euro limit on the payment of interest will be no more! From here on in we will be the only bank in Estonia to pay 0.15% on your entire account balance.

Movement of payments and opening hours of branches during holidays

Due to holidays our offices and customer support will be opened till 2 p.m. on 23rd of February. On February 24th our offices and customer support will be closed.

Buy a motor insurance on the Coop Pank website with just a few clicks

Coop Kindlustusmaakler insurance broker now offers a convenient way to buy motor insurance on the Coop Pank website in just a couple of minutes.

Declaration of income begins

Submission of personal income tax returns will start on 15 February. You can submit your tax return for 2022 to the Tax and Customs Board until 2 May 2023.

Fraudulent websites in the name of Coop Pank are spreading

Coop Bank warns that websites with a design very similar to the design of Coop Pank’s website, but with an incorrect web address, have been spreading actively in the last few days and criminals are using them to gain access to the PINs of users who log in the websites.

Coop Pank AS (registry code 10237832) publishes a notification on the basis of subsection 70 (1) of the Credit Institutions Act

On 19 December 2022, Coop Pank AS as the acquiring company received permission from the Financial Supervision Authority to merge with CP Varad AS, a 100% subsidiary of Coop Pank AS.

Movement of payments and opening hours of branches during holidays

During holidays our offices and customer support will be open till 2 p.m. on December 23. On December 24 to December 26, our offices and customer support will be closed.

Changes to business client price list as of 1 January 2023

We would like to let you know that changes to our business client price list will be coming into effect on 1 January 2023:

For the employees

We consider our management culture to be open and modern, and we’re guided by regulations and international standards such as human rights, labour law and the fight against discrimination. In our operations we’re led by best practice in company management and banking, the principles of responsible lending, other guidelines issued by financial supervision authorities and valid legal acts.

For the environment

It’s important to Coop Pank that our everyday activities have a clear positive impact on the environment. In order to contribute to the development of sustainability, we joined the Responsible Business Forum in 2021, for which we were awarded a Bronze Label in 2022. Via the forum we’re contributing to the development of a framework for responsible business practices and to the achievement of both the UN Sustainable Development Goals and the objectives of the Paris Agreement on climate change.

For the community

The shared goal of Coop Pank and the Coop retail chain is to further life in every corner of Estonia. It’s important to us that products and services that are needed on an everyday basis are accessible to everyone close to their homes.

Changes to private client price list and to the standard terms and conditions of the services for private and business clients as of 1 January 2023

We would like to let you know that changes to our private client price list and to the standard terms and conditions of the following services will be coming into effect on 1 January 2023:

Changes to private client price list as of 1 November 2022

The following changes to our private client price list will be coming into effect on 1 November 2022:

Coop Pank plans to raise additional capital for growth and issue new shares

Coop Pank, which has significantly increased its activity in recent years and today has a market share of over 5%, wishes to raise about 15 million euros of additional capital to finance its growth and proposes to shareholders the issue of new shares, providing existing shareholders a subscription preference. The exact share price, offer terms and issue schedule will be confirmed at the start of the share subscription period.

Terms and conditions of bank link contract to change on 1 November 2022

On 1 November 2022, Coop Pank will be updating the terms and conditions of its bank link contract in connection with the transition to the new version of bank link,

Amended principles of processing customer data to come into effect on 1 October 2022

On 1 October 2022 Coop Bank will update the principles of processing customer data. The main changes are as follows:

Changes in connection with Coop Pank’s banking plan travel insurance

The main changes are as follows:

Coop Pank to assess its loan portfolio climate impact

In order to determine the impact that its lending and investment activities have on the environment, Coop Pank has joined the Partnership for Carbon Accounting Financials (PCAF).

We stop accepting payments related to Russia and Belarus

Due to the sanctions regarding the Russian-Ukrainian war, from 19.08.2022 Coop Pank AS stops accepting payments from Russia and Belarus.

Changes to business client price list as of 1 September 2022

Coop Pank will be updating its business client price list on 1 September 2022.