JAK Medlemsbank (Sweden)

Address

Vasagatan 14, 541 51, Skövde, Sweden

BIC

JAKMSE22XXX

Overview

Business Focus

cooperative retail banking

JAK Medlemsbank is an ethical and sustainable bank owned by its members. Every member of has an equal opportunity to influence the bank's business. Members of JAK Medlemsbank can both save and borrow, with the goal of becoming debt free. JAK Medlemsbank has no profit requirements and is not governed by market interest rate. Any surplus of JAK Medlemsbank is reinvested in a sustainable, future economy where less resources are consumed.

Deposit Protection

Deposits up to 950,000 SEK are covered by Swedish deposit guarantee scheme in JAK Medlemsbank.

Services

retail banking

Products

member accounts

savings accounts

current accounts

credit cards

consumer loans

car loans

mortgage loans

green loans

International Transfers

SWIFT Transfers

SEPA Credit Transfers

SEPA Instant Transfers

SEPA Direct Debits

SEPA Direct Debits B2B

Ways to Bank

JAK Medlemsbank delivers its products and services through both direct and indirect channels, namely:

branch

online banking

mobile app

Deposit Guarantee

Guarantee Fund

Swedish National Debt Office (SNDO)

Protected Amount

up to 950,000 SEK

Eligible Depositors

private individuals
legal entities

Covered Accounts

deposits in all types of accounts

JAK Medlemsbank participates in the deposit guarantee scheme of Sweden which applies to deposits in all types of accounts made by private individuals, legal entities and covers up to up to 950,000 SEK per bank per depositor. JAK Medlemsbank is a member of Swedish National Debt Office (SNDO) and makes its contributions into it.