Dortmunder Volksbank eingetragene Genossenschaft products, services and reviews

About Dortmunder Volksbank eingetragene Genossenschaft

Dortmunder Volksbank eingetragene Genossenschaft (Dortmunder Volksbank eG) is a regional cooperative bank based in Dortmund that focuses on retail customers, self-employed individuals, and small to mid-sized enterprises in its market area. It offers standard banking services including current accounts, savings and term deposits, payment services, debit and credit cards, consumer and mortgage lending, and SME financing, alongside brokerage of investments and insurance from the cooperative financial network (for example, partners within the DZ BANK Group such as Union Investment, R+V Versicherung, and Bausparkasse Schwäbisch Hall). Access is provided through local branches, online banking, and a mobile app, with cash withdrawals available via the nationwide Volksbanken Raiffeisenbanken ATM network. As a cooperative, customers can become members by acquiring shares; members typically have one vote regardless of investment amount, and potential dividends on cooperative shares depend on earnings and resolutions at the general meeting. The bank is supervised by BaFin and the Deutsche Bundesbank and participates in the BVR Institutssicherung (the institutional protection scheme of the cooperative sector that fulfills statutory deposit protection requirements), supplemented by the voluntary BVR protection scheme; statutory deposit coverage in the EU is up to 100,000 euros per depositor. Pricing is outlined in the published price and service list; account packages commonly carry monthly fees and transaction charges, while lending and deposit rates vary with market conditions and individual risk. The product range covers everyday banking needs and basic wealth and risk solutions, with more specialized corporate finance or capital markets services typically provided through cooperative-network partners; international transfers are handled via SEPA and SWIFT. The operating model emphasizes local decision-making and integration with the national cooperative network, while limitations include a regional branch footprint, fee structures that may be higher than those of direct banks, and digital feature sets that may be narrower than those of app-only providers. Prospective customers should review current conditions, eligibility criteria, and membership terms, and consult the latest annual report and regulatory disclosures for financial performance and risk information.