Genobank Mainz eG products, services and reviews

About Genobank Mainz eG

Genobank Mainz eG is a German cooperative bank based in Mainz and part of the Volksbanken Raiffeisenbanken network. Its offering covers retail and business banking, including giro accounts, savings and term deposits, debit and credit cards, consumer and mortgage lending, and financing solutions for SMEs and self-employed clients. Securities and investment products are distributed via cooperative group partners such as Union Investment and DZ BANK; insurance is typically provided through R+V Versicherung, and home-savings contracts via Bausparkasse Schwäbisch Hall. Access channels include local branches, online banking, and the VR BankingApp; SEPA transfers, contactless payments, and cash withdrawals via the cooperative ATM network are standard. Accounts and services are fee-based, with prices varying by package, usage, and customer segment. As a cooperative, customers can become members by subscribing shares, gaining voting rights in the general meeting; dividends on shares depend on annual resolutions. Deposits are protected under the German statutory deposit guarantee up to 100,000 EUR per depositor via BVR Institutssicherung GmbH, and the institutional protection scheme of the National Association of German Cooperative Banks (BVR) also applies. The bank is supervised by BaFin and the Deutsche Bundesbank. Prospective customers should review the current price/service list, interest schedules, and product terms before selecting an account or financing product.