OK-Q8 Bank AB

OK-Q8 Bank AB is a Swedish licensed consumer bank affiliated with the OKQ8 fuel retail group, supervised by Finansinspektionen and participating in Sweden’s statutory deposit guarantee administered by Riksgälden. The bank focuses on straightforward retail products rather than full-service universal banking, offering a Visa credit card linked to OKQ8’s network, unsecured personal loans, vehicle-related financing via partners, and interest-bearing savings accounts covered by the state guarantee. Applications and servicing are handled digitally through online and mobile channels with BankID authentication, and eligibility typically requires a Swedish personal identity number and a standard credit assessment by a Swedish credit bureau. Pricing is published on the bank’s website and includes interest on borrowing, potential account or card fees, and standard charges for foreign currency transactions and cash advances; savings rates are variable and can change over time. The card supports contactless payments and 3‑D Secure for e-commerce, and billing can generally be managed via e-faktura or direct debit. The bank operates without a branch network and does not position itself as a provider of current accounts, mortgages, or extensive business banking services. Credit approval is subject to individual assessment, limits are set based on creditworthiness, and late or missed payments can lead to fees and reporting to credit registers. Overall, OK-Q8 Bank AB suits customers who want fuel-linked card services and basic savings and lending options delivered through a digital-first platform under Swedish regulatory protection.