The JAK Members’ Bank (swedisch: JAK Medlemsbank) is the first bank in Sweden to create an interest-free banking system for its members, based on the JAK Bank model. The abbreviation JAK stands for the Swedish words Jord, Arbete und Kapital – land, work, capital. The bank was founded in 1965 as a cooperative savings and loans organization and officially became a bank in December 1997. According to the cooperative, its main task is to offer its members interest-free loans. In 2007, the cooperative had 33,000 members (2005 = 28,000), who are served by 550 local representatives and 28 branches across Sweden. Total deposits in  2007 were around 87 million Euros; loans amounted to about 76 million Euros. The bank’s headquarters is in Skövde.

JAK Bank (Sweden) on the Web:


German site:

German Onlinebanking Portal:



Postal and business address


Tel: +46 (0)500 464500 Mail: jak (at)

Opening hours: Mo-Thurs 9.30 – 16.00 Fr 9.30 – 15.00