What Payroll / Pension Account is

A deposit account designed to serve your daily banking needs, in case you are  a salaried employee or a pensioner, offering high interest rates and additional benefits.

Main features

  • No required minimum opening deposit

  • 0,65% interest rate for amounts up to €5.000. For amounts over €5.000 interest rate is determined according to the respective savings accounts interest.

  • Returns from the first cent

  • When opening the account, the beneficiary can choose between a checking account or a savings account accompanied by a bankbook.

Benefits

  • A cheque book may be issued

  • Possibility to overdraft to cover emergency needs with a special advantageous interest rate

  • Connection with a Visa Debit card

  • Immediate cashflow with same-day charge of the account

  • Automatic interest payment at the end of every semester (after the deduction of the current tax towards the State, presently determined at 15%)

  • Possibility to pay Public Utility bills (electricity, water supply etc.) or other companies (mobile phone bills, insurance etc.) with direct debit or standing order

  • Possibility to determine standing orders for loan payments (credit cards, consumer and housing loans)

  • Zero handling cost, regardless of the transaction number and amount or the account balance

  • Transactions through web-banking, so you can track your account at any moment, credit transfers and an array of bank transactions 24/7 with the highest possible security.

  • A cheque book may be issued

     

  • Connection with a Visa Debit card

  • Immediate cashflow with same-day charge of the account

  • Automatic interest payment at the end of every semester (after the deduction of the current tax towards the State, presently determined at 15%)

  • Possibility to pay Public Utility bills (electricity, water supply etc.) or other companies (mobile phone bills, insurance etc.) with direct debit or standing order

  • Possibility to determine standing orders for loan payments (credit cards, consumer and housing loans)

  • Zero handling cost, regardless of the transaction number and amount or the account balance

  • Transactions through web-banking, so you can track your account at any moment, credit transfers and an array of bank transactions 24/7 with the highest possible security

Required Documents

In order to open an account at the Cooperative Bank of Chania, you will need the following documents:

  • ID or Passport

  • Recent income tax statement

  • A bill from a Public Utility Organization or any other document certifying your address

  • Certificate of employment in case you are employed

  • A current phone bill confirming your phone number.

     

     

Where applicable, you may be asked to provide further and/or different documents. Please visit or contact any Βranch of the Cooperative Bank of Chania.