Coop Bank

Coop Bank is a Danish consumer bank headquartered in Albertslund. It operates as an online bank without physical branches, offering customers digital access to everyday banking through online and mobile banking. Its services include accounts, payment cards, bill payments, domestic and international transfers, savings, consumer loans, investment and housing finance. Customers can also deposit or withdraw cash at Coop stores in Denmark. The bank’s digital channels support account and card management, transfers, payment-service setup, spending overviews, securities trading and loan applications. Customers use MitID to log in securely. Coop Bank also works with Totalkredit in relation to mortgage and housing-finance services; customers can view information about a Totalkredit mortgage through the bank’s digital services. Coop Bank’s website presents the brand around accessible, straightforward banking and personal guidance, including help with home purchases and loans. Its services are available without requiring customers to be Coop members, although the Danish Wikipedia entry says Coop members may earn bonuses on selected products and receive lower prices on some services. Coop previously owned the bank. In 2024, as part of a plan to support the Coop group, the bank was sold to Sydbank. Sydbank acquired it in May 2024, and Coop Bank is now wholly owned by Sydbank. The bank continues as an independent bank under its own name. The Danish Wikipedia entry reported approximately 88,000 customers at the time of the sale.

Coop Bank is a Danish consumer bank based in Albertslund. The available evidence describes it as an online bank offering ordinary banking services, including payment cards, savings, housing finance and loans. It has no physical branches. Instead, customers can use its online and mobile banking services, and can withdraw or deposit cash at Coop Denmark stores. The bank’s website presents its services as digital banking for everyday needs as well as larger financial decisions. Its online banking lets customers manage accounts, make payments and transfers, apply for loans and cards, and access other account functions. The mobile app provides many of these services on a phone, including card controls, payment handling, account and spending overviews, and access to investment features. MitID is used for secure login. The bank’s service pages also describe international transfers, payment services and cash handling in Coop stores. Coop Bank offers lending and housing-related services, and its website describes support for customers considering a home purchase or an existing mortgage. The bank has a relationship with Totalkredit: customers can access an overview of a Totalkredit mortgage through the bank’s digital channels, and the site refers to an app from Totalkredit and Coop Bank for reviewing mortgage types and possible loan changes. The bank also promotes investment through its digital services. Its homepage presents CoopLån 20+ as a loan offering and promotes online applications for loans. The bank was previously owned by Coop. According to the Danish Wikipedia entry, Coop announced on 12 April 2024 that it would sell the bank as part of a plan to support the Coop group. On 21 May 2024, Sydbank was reported to have bought it for DKK 345 million. The same entry gives the bank’s customer count at the time of the sale as approximately 88,000. It also states that Coop Bank became wholly owned by Sydbank and would continue as an independent bank under its own name. The entry lists Morten Barsballe Nielsen as chief executive in 2024 and Allan Nørholm as chief executive from 2013 to 2024. Coop membership is not required to become a Coop Bank customer. The Danish Wikipedia entry notes that Coop members may accumulate bonuses on selected products and that some services may be cheaper for members than for non-members. The available evidence does not establish the bank’s founding date, founder, or a more detailed chronology of its launch and development.

• Allan Nørholm’s listed CEO period begins.

• Coop announced plans to sell Coop Bank as part of a plan to support the group.

• Sydbank announced its acquisition of Coop Bank; the reported price was DKK 345 million.

• Coop Bank was listed as wholly owned by Sydbank and continuing as an independent bank under its own name.

A branchless Danish online bank emphasizing convenient everyday banking, digital self-service, personal guidance and access to cash services through Coop stores.

• Online banking

  Digital access to account management, payments, transfers, loan applications and other banking functions.

• Coop Mobilbank

  A mobile banking app with account and card overviews, transfers, bill handling, card controls and investment features.

• CoopLån 20+

  A loan offering promoted on Coop Bank’s homepage.

• Investment services

  Digital access to buying and selling a range of securities.

• Cash services at Coop stores

  Customers can withdraw or deposit cash at Coop stores.

• Sale to SydbankOther

1. 1Coop Bank – Til hverdagen og de store beslutninger - Bliv kunde i dagcoopbank.dk
2. 2Bankservice - Services, support og mobilbank - Læs mere hercoopbank.dk
3. 3Netbank - Tjek din saldo & betal dine regninger online - Klik hercoopbank.dk
4. 4Mobilbank - Mobilbetaling & selvbetjening i samme app - Klik hercoopbank.dk
5. 5Coop Bank (Danish Wikipedia)da.wikipedia.org
6. 6Coop Bank (Wikidata)wikidata.org
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