Bank 1 Saar eG products, services and reviews

About Bank 1 Saar eG

Bank 1 Saar eG is a regional German cooperative bank (eingetragene Genossenschaft) based in Saarland and part of the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken. It serves retail clients, self‑employed customers, and small to mid-sized businesses with current accounts, payments, cards (girocard and Mastercard/Visa via group partners), overdrafts and consumer loans, mortgages, SME financing, savings products, and securities custody and brokerage. Through the cooperative network it distributes products from group entities such as DZ BANK (capital markets and custody infrastructure), Union Investment (funds), R+V Versicherung (insurance), Bausparkasse Schwäbisch Hall (home savings), and TeamBank (installment credit). Access is provided via a local branch footprint in Saarland, online banking, and a mobile app, with two‑factor authentication in line with PSD2; customers can use the nationwide BankCard ServiceNetz of Volksbanken Raiffeisenbanken for cash withdrawals. SEPA transfers, standing orders, and international transfers via SWIFT are standard; support for contactless and mobile wallets is available in line with German market practices. As a cooperative, customers may become members by subscribing to shares, which confer voting rights and potential dividend subject to the bank’s results; the institution itself is not publicly listed. Deposits are protected by the BVR Institutssicherung (the statutory institutional protection scheme of the cooperative sector) and the additional voluntary BVR Sicherungseinrichtung, which aims to prevent insolvency. Pricing typically follows account packages with monthly fees and separate charges for cards and transactions; rates and conditions depend on the chosen package and customer profile. Account opening is available in branch or online with standard identification (e.g., VideoIdent/PostIdent). The bank is supervised by BaFin and the Deutsche Bundesbank within the EU banking framework.