Cooperative Bank of Thessaly Coop. L.L. products, services and reviews

About Cooperative Bank of Thessaly Coop. L.L.

Cooperative Bank of Thessaly Coop. L.L. is a regional cooperative credit institution serving individuals, professionals, and small and medium-sized enterprises in the Thessaly area of Greece. It operates under the supervision of the Bank of Greece within the EU banking framework and participates in the Hellenic Deposit and Investment Guarantee Fund (TEKE), which protects eligible deposits up to €100,000 per depositor, per bank; investment products and cooperative shares are not covered by this scheme. As a cooperative, ownership is held by members, typically on a one-member-one-vote basis, and access to certain services may require purchasing cooperative shares, which carry capital and liquidity risks and may be redeemable under specific terms. The bank’s product set generally includes current and savings accounts, term deposits, debit cards, domestic SEPA transfers and bill payments, business and consumer lending (e.g., working capital, equipment financing), and merchant services such as POS solutions delivered directly or via partners. International transfers are supported through the correspondent banking network and processed over SWIFT, with fees and settlement times varying by destination. Digital channels (web and mobile) cover standard functions like balances, transaction history, transfers, and standing orders. Pricing, interest rates, and eligibility criteria are published by the bank and can differ based on customer profile and product type. Account opening follows Greek KYC/AML rules and typically requires valid identification, tax number, and proof of address, with additional documentation for non-residents or businesses.