S-Group, operating in Finland, Russia, Estonia and Latvia, is about to establish its own bank. S-Bank is expected to open its doors on October 15. the bank represents the newest sector of the wide range of services, available from S-Group and represents the first supermarket bank in Finland.
S-Bank is the first so called supermarket bank in Finland. Changes in legistlation about personal accounts at co-operatives made them uncompetetive, such that founding an entirely new bank was actually easier than keeping the personal accounts as co-operative funds. The co-operative did, and the bank continues to, offer a relatively high interest to deposited funds (2.5% as of February 2008). The existing network of supermarket service desks is used to service customers. However, Internet-based electronic banking is recommended and provided at no cost to the customer. Visa credit and debit cards are available.
E-Banking offers a safe and lucrative accounts, more advanced banking and credit cards, the payment will cover services, in a wide range of credit products, and easy to use internet banking - all you need for day-to-day monetary affairs, and to save.
S-Bank's accounts as you can make payments and manage the payment of bills. The method of payment options are one-time payments, direct debits, recurring payments and the payment service.
S-Bank customer, you can connect an S-Visa card feature, when you have an international payment card feature - you pay for your purchases in one convenient card, both at home and abroad.
S-card connected to Visa is a free osuuskaupan owners of the client and customer owner falling economy.
S-Bank belongs to S-Group, 100%. As all the other Finnish banks, S-Bank is part of the common system for guaranteeing deposits.
S-Bank Ltd is the first issuer in Finland and in Europe to offer the Visa Credit and Visa Debit multi application on chip and PIN payment cards, presenting exciting opportunities for customers and issuers alike. As a new entrant to the banking market, S-Bank is demonstrating its commitment to innovation by leading the way in harnessing the true power of the chip to benefit customers.