Bank Spółdzielczy w Suchowoli

Bank Spółdzielczy w Suchowoli is a local cooperative bank based in Suchowola (Podlaskie), operating under Poland’s Banking Law and Cooperative Law, supervised by the Polish Financial Supervision Authority (KNF), with deposits covered by the Bank Guarantee Fund (BFG) up to the equivalent of 100,000 EUR per depositor. Its offer typically includes current and savings accounts for individuals, farmers, and small businesses; term deposits; domestic PLN transfers processed via the Elixir system, standing orders, and direct debits; basic cash services; payment cards; and internet banking. Credit products generally cover consumer loans, account overdrafts, working-capital and investment financing for micro and small enterprises, and agriculture-related lending. The bank serves customers primarily through a small, local branch network centered around Suchowola, complemented by remote channels; availability of international transfers, foreign-currency services, and advanced digital features depends on the bank’s current arrangements and may be more limited than at nationwide commercial banks. Pricing is set locally and published in its tariff, with standard fees for account maintenance, transfers, and cash operations; interest rates on deposits and loans are determined by the bank and can differ from larger market players. As a cooperative, clients can become members and participate in governance through the general meeting, while the institution allocates results to statutory funds rather than external shareholders. Security and compliance follow sector norms (including customer identification and strong authentication for electronic access). Overall, the profile is that of a regionally focused institution oriented to everyday banking and credit needs of households, farms, and small firms, with a narrower product catalog and geographic reach than universal banks.