Erzgebirgssparkasse products, services and reviews

About Erzgebirgssparkasse

Erzgebirgssparkasse is a public-law savings bank serving the Erzgebirgskreis in Saxony within the Sparkassen-Finanzgruppe. It operates a regional branch and ATM network and focuses on private customers, the self‑employed, and small to mid-sized companies in its defined market area. The offering includes current accounts, savings and term deposits, consumer loans, mortgages and construction financing, business accounts and working-capital facilities, payment services, cards, and cash management. Securities brokerage and custody are available through group partners, including access to DekaBank funds, and insurance is distributed via Sparkassen-Versicherung Sachsen; leasing and factoring are provided through the group’s specialized companies. Digital banking covers online banking and the Sparkasse app with chipTAN/pushTAN authentication, electronic statements, and support for common mobile wallets; corporate clients can use EBICS. SEPA and international transfers are available, with fees depending on the chosen account model and service channel. Pricing is set by published tariffs with monthly account packages and charges for certain transactions and extras; student and youth options are offered. Cash withdrawals for customers are free at Sparkassen ATMs nationwide, while third‑party networks may incur fees. Deposits are protected up to EUR 100,000 per depositor under the German statutory scheme and are additionally covered by the Sparkassen institutional protection system. The bank is supervised by BaFin and the Deutsche Bundesbank and operates under a public mandate with governance linked to the local district; account opening and lending generally target residents and businesses in the region and require standard identification and credit checks.