You work days, your money also works nights

A current account is linked to all of your company’s day-to-day finances. Make payments to recipients in Estonia or abroad quickly and conveniently via our Internet and mobile banks or at any branch. Transfers of up to €100,000 are forwarded as instant payments. 

Keep your invoicing costs under control with our Business Plan, which is permanently free of charge – saving you a significant amount on annual fees! The package includes unlimited Estonian and European payments free of charge, free receipt of Bank Link payments, one debit card for your company with no monthly fees and much more.

Coop Pank’s Gateway interface is the most convenient way of making all your aggregated payments, including salary payments. It allows you to forward the payment file directly from your business software to our Internet bank. You can also import the payment file manually. 

An imported aggregated payment file can contain several such payments at a time, and they can be confirmed by the bank all at once as well. 

Confidentiality is ensured when making a payment because the payroll payments are displayed as a lump sum on the account statement, and only those authorised to do so can view the details.

Coop Pank’s fixed repayment credit card is perfect for everyday business transactions: you can pay for products and services, book hotel rooms, buy plane tickets, rent a car and more.

On the 10th of each month, the entire credit limit used in the previous month is automatically deducted from the current account linked to the card, and no interest is charged. You can also top up your credit card using cash or by bank transfer, increasing the funds available to you. 

If needed, you can order several credit cards for your company, e.g. separate cards for employees who need to make purchases or withdraw cash on the company’s behalf. 
 

In order to enable customers to pay for their purchases quickly and conveniently, and to ensure that the money reaches your company’s Coop Pank account promptly, we offer a card payment acceptance service in cooperation with our partner Nets Denmark A/S Estonia. 

The money reaches your company’s account on the next banking day. Accepting card payments reduces the proportion of cash settlements and thus the cost of processing cash. 

From the Nets Denmark product range you’ll find the right mobile or fixed terminal for your business. For start-ups, we offer a payment terminal free of charge for three months! 

If you already have a payment terminal contract, you can simply redirect the card payment accruals to your Coop Pank current account. That way you can earn more interest on the balance of your account.

If you want to keep your company’s available cash on hand at all times, let it grow in your current account by 0.5%-2.0% per annum. 

But if you’re willing to put your money in a term deposit for a fixed period, your money will earn interest of up to 3.75% per annum, depending on the amount and the term. This is a safe and convenient way of growing your company’s finances. 

The National Guarantee Fund guarantees deposits, together with the interest they’ve earned, up to a maximum of €100,000 per depositor. Coop Pank has a Moody’s investment grade rating of Baa2. 

You can quickly and easily open a deposit of up to €500,000 in our Internet bank.

Bank Link is the most common payment method in Estonian e-commerce, enabling customers to make fast and secure payments online. 

Coop Pank already has more than 180,000 customers in Estonia. With our banking service you can offer convenient payments in your online store to everyone who uses Coop Pank services on a daily basis.

In order to offer the Bank Link service, open an account with us. With our Business Plan, you collect bank link payments free of charge, and there are no monthly account management fees.

If you’ve already signed a Bank Link agreement with a payment service provider, you can simply transfer your Bank Link accruals to your current account in Coop Pank. That way you can earn more interest on the balance of your account.

If your company sees a large turnover of cash or has service points around Estonia, let professionals take care of getting your company’s cash to the right place both quickly and safely. 

Hansab AS and Brinks Estonia OÜ provide cash transport for Coop Pank’s business clients, offering the service all over the country. Cash processing centres are located in Tallinn and Tartu, and the service is available seven days a week. 

If your cash turnover is more modest, we recommend using our Coop Sula service or our branches which handle cash.

This interface creates a direct connection between your financial software and banking services. This means less manual work for your accountant, which will help save you time and prevent human error. 

With Gateway, you can do the following direct from your business software:

• • Transfer up to 5000 payment orders to the bank at a time
• • Make aggregated payments
• • View your previous day’s transactions and balance
• • Monitor accruals and payments in real time
• • Make account statement enquiries about the last seven years

Gateway is free to both join and use.