Raiffeisenbank Lungau eGen products, services and reviews

About Raiffeisenbank Lungau eGen

Raiffeisenbank Lungau eGen is a regional cooperative bank (eingetragene Genossenschaft) serving the Lungau district in the Austrian state of Salzburg and operating within the Raiffeisen Banking Group Austria. It holds a banking license under Austrian law and is supervised by the Austrian Financial Market Authority and the Oesterreichische Nationalbank. The bank provides standard retail and small business services, including current accounts, savings accounts, term deposits, SEPA payments (transfers, standing orders, direct debits), debit cards, and credit cards issued via group partners. Lending covers overdrafts, consumer and car loans, housing finance, and SME investment and working-capital facilities; leasing and factoring are typically arranged via affiliated group companies. Securities services include custody accounts, brokerage, and access to mutual funds and savings plans distributed through Raiffeisen group asset managers, while insurance products are intermediated through partner insurers. Cash services and ATMs are available locally and via the broader Raiffeisen/Bankomat network, and digital banking is provided through the group’s online and mobile channels (e.g., Mein ELBA) with PSD2-compliant strong customer authentication. As a cooperative, customers may have the option to become members by subscribing cooperative shares, subject to the bank’s statutes and eligibility rules. Accounts generally require identification and address verification; in-branch onboarding is standard, with online or video identification offered where available, and non-resident relationships may be restricted. Deposits are protected under the Austrian statutory deposit guarantee scheme (Einlagensicherung Austria) up to EUR 100,000 per eligible depositor per bank; investor compensation for qualifying investment services follows applicable Austrian and EU rules. Pricing is package-based with published schedules for account maintenance, cards, payments, and cash handling; interest rates and fees are variable and updated by notice. The institution’s focus is local households, self-employed clients, SMEs, and agriculture in its catchment area, with product breadth supported by Raiffeisen group companies; availability of specific services and limits can differ by branch and customer profile.