Membership fee and payment

Does S-Etukortti have any fees?

The basic S-Etukortti has no fees. You get:

• Transaction account

• S-Etukortti Visa

• Online banking credentials

No annual or monthly fees. You can also withdraw and deposit cash at store checkouts.

What is the membership fee?

The membership fee is a 100-euro investment in the co-op's capital. It makes you a co-op member.

What you get with the membership fee:

• Your own S-Etukortti

• Right to all member benefits

• Bonus on your purchases

• Reduced prices on many products and services

Payment:

• Full payment at once: 100 €

• Alternatively: start with 20 € and complete with Bonus

• You can pay the remaining amount separately at any time

• Payment period usually 24 months (defined in the co-op's rules)

Bonus payment:

• Once the membership fee is fully paid, you'll receive Bonus earned on your purchases as cashback to your S-Tili Account

Membership fee refund:

• If you cancel your co-op membership, you'll get your invested membership fee back according to the co-op's rules

How do Bonus and card payment cashback contribute to the membership fee?

Before the membership fee (100 €) is fully paid, Bonus and card payment cashback (0.5% with S-Etukortti Visa) automatically contribute to your membership fee.

Once you pay the full 100-euro membership fee, you receive Bonus and card payment cashback directly to your account.

What should I do if the membership fee payment deadline is approaching?

If you want to pay the remaining membership fee, do this:

1. Sign in to the online service

2. Pay the remaining amount in your customer details

Or

Visit your nearest Service and bank point (find the nearest location and book an appointment)

Please note:

If you do not pay the membership fee in full by the deadline, the co-op must terminate your membership according to its rules.

What is the interest on the membership fee?

The co-op may pay interest on the membership fee once a year, if the previous year's result allows it.

How interest is determined:

• The decision is made by the electoral assembly elected by co-op members

• The co-op pays interest to members who have paid their membership fee in full by the end of the previous year

What is surplus return?

The co-op's electoral assembly may annually decide to distribute a portion of the previous year's business result to you as surplus return.

How surplus return is determined:

You receive surplus return based on your household's purchases from the co-op. The electoral assembly decides the return percentage.