What is Fælleskassen and Its Unique Approach?
Fælleskassen is a deposit bank that has been serving its community for 40 years, focusing on democracy, sustainability, and social responsibility rather than just profit. It offers a special range of services called FællesFremtid, designed specifically for people aged 18 to 35. The idea? To remove fees on the banking services young customers use most often. This isn’t your typical bank—it’s built on values like green loans, personal advice, and a strong sense of community. Customers actually own Fælleskassen, giving them real influence through representatives and the board. So, it’s not just about finance; it’s about creating a sustainable economy and fostering solidarity.
Main Benefits of Banking with Fælleskassen
Here are some key figures and facts that highlight what makes Fælleskassen stand out:
- 40 years of responsible banking focused on social initiatives and sustainability.
- FællesFremtid program removes fees on the most used banking services for 18-35 year olds.
- Every Dankort payment triggers a 1 øre donation to the Danish Nature Fund—automatically and free for customers.
- Partnership with Købstædernes Forsikring offers insurance advice and coverage aligned with Fælleskassen’s values.
- Achieved B Corp certification in March 2024, scoring 103.4, reflecting a commitment to responsible business practices.
- Fællespuljen fund has distributed over 1,000,000 DKK since 2015 to support green and social initiatives.
FællesFremtid: Tailored for Young Adults
FællesFremtid is more than just a product; it’s a promise to young adults that banking doesn’t have to come with hidden fees or complicated terms. By removing fees on the services most used by people aged 18 to 35, Fælleskassen makes banking straightforward and accessible. It’s a fresh approach that encourages financial responsibility without the usual barriers. Plus, it fits perfectly with the bank’s overall mission to support sustainable and community-focused finance.
Green Initiatives and Environmental Commitment
One of the coolest things about Fælleskassen is how it integrates environmental responsibility into everyday banking. Every time a customer pays with Dankort, the bank and Dankort donate 1 øre to the Danish Nature Fund. This happens automatically, so customers don’t have to lift a finger. It’s a small gesture with a big impact, supporting nature conservation across Denmark. This initiative reflects the bank’s broader commitment to green loans and sustainable finance, making it a true pioneer in eco-friendly banking.
Partnerships That Reflect Shared Values
Fælleskassen doesn’t just talk the talk—it partners with companies that share its values. For example, the collaboration with Købstædernes Forsikring means customers get insurance advice and coverage that align with the bank’s focus on responsibility and community. This partnership was carefully chosen because it reflects the same principles Fælleskassen stands for, ensuring customers receive services that are both trustworthy and value-driven.
Project Impact: Supporting Sustainable Development Goals (SDGs)
- SDG 8: Decent Work and Economic Growth – promoting responsible economic practices.
- SDG 12: Responsible Consumption and Production – encouraging sustainable finance and green loans.
- SDG 13: Climate Action – supporting environmental initiatives through donations and green banking products.
- SDG 15: Life on Land – contributing to nature conservation via the Danish Nature Fund.
- SDG 17: Partnerships for the Goals – collaborating with like-minded organizations such as Købstædernes Forsikring and SparInvest.
Fællespuljen: Funding Green and Social Initiatives
Since 2015, Fælleskassen has been channeling profits and commissions from its partner SparInvest into Fællespuljen, a fund dedicated to supporting green and social projects. Over 1,000,000 DKK has been distributed so far, helping initiatives that align with the bank’s values of sustainability and community. This fund is a tangible example of how Fælleskassen reinvests in society, making sure that its success benefits more than just shareholders—it benefits the environment and social causes too.
