Coop Pank

Coop Pank is an Estonian bank operating as Coop Pank AS, headquartered at Maakri 30 in Tallinn. It is registered in the commercial register under 10237832 and lists an LEI of 549300EHNXQVOI120S55.

Business plans

The bank offers a Corporate plan with settlement services plus debit and virtual cards, an Apartment Association Plan and a Start-up account. A temporary capital contribution account helps newly formed companies pay in their share capital. The Corporate plan is free for eligible Estonian companies, while the Apartment Association plan costs EUR 2 a month; foreign links and special cases are charged under the tariff.

Opening an account

Online opening is available when the company representative is an Estonian citizen or a permanent resident. Non-resident companies may apply in a branch if they can demonstrate an economic connection to Estonia. The bank asks for the representative's ID and an overview of ownership and beneficial owners. Foreign companies provide a notarised registry extract less than six months old, plus articles and authority documents translated into Estonian, Russian or English, and bank statements for the previous 12 months.

Who it suits

The plans suit Estonian companies, start-ups and housing associations. Owners with foreign connections should expect extra checks and fees.