Frankenberger Bank, Raiffeisenbank eG products, services and reviews

About Frankenberger Bank, Raiffeisenbank eG

Frankenberger Bank, Raiffeisenbank eG is a regional cooperative bank (eingetragene Genossenschaft) serving the Frankenberg area in Germany. As part of the Volksbanken Raiffeisenbanken cooperative financial network, it offers retail and small-business banking including current accounts, savings and term deposits, payment services and cards, overdrafts, consumer loans, mortgage and real estate finance, and solutions for local enterprises and agricultural clients; investment funds, building-society savings, and insurance are typically provided via group partners such as Union Investment, Bausparkasse Schwäbisch Hall, and R+V Versicherung. Access is available through local branches, online banking, and a mobile app, with SEPA transfers, standing orders, card controls, and PSD2-compliant two-factor authentication; business clients can use EBICS, and international payments are handled via SWIFT where offered. Cash withdrawals are available at ATMs in the cooperative BankCard ServiceNetz; withdrawals at third-party ATMs and over-the-counter cash services may incur fees depending on the account model. Pricing follows the common German cooperative structure with tiered account packages, monthly maintenance charges, and fees for selected services; current price lists and interest rates are published by the bank and may change. Accounts require standard identification under German KYC rules; lending decisions are subject to credit checks and collateral requirements where applicable. The bank is supervised by BaFin and the Deutsche Bundesbank; deposits are protected up to 100,000 EUR per depositor under the statutory scheme, and the institution participates in the BVR’s institutional protection system. Advisory and documentation are primarily in German; digital wallet compatibility and card brands offered can vary by account and issuance partner. The footprint is local, which may limit branch access outside the home region; service hours, appointment availability, and product eligibility should be reviewed before opening an account.