Genossenschaftsbank Unterallgäu eG products, services and reviews

About Genossenschaftsbank Unterallgäu eG

Genossenschaftsbank Unterallgäu eG is a regional cooperative bank (eingetragene Genossenschaft) serving the Unterallgäu district in Bavaria and operating within the Volksbanken Raiffeisenbanken network. Its core business covers retail and small to mid-sized enterprise banking, including current and savings accounts, cards, SEPA payments, standing orders, consumer and mortgage loans, and financing for self-employed, agricultural, and local corporate clients. For businesses it provides cash management, liquidity and investment financing, and card acceptance/e-commerce acquiring in cooperation with the network’s specialist providers; investment funds, securities custody, building-savings, and insurance are likewise offered through affiliated cooperative institutions. Distribution combines local branches and self-service terminals with online and mobile banking that use strong customer authentication under PSD2; customers have access to the nationwide cooperative ATM network. Pricing follows account packages with monthly fees and itemized charges for certain services, with current conditions published in the Preis- und Leistungsverzeichnis; interest rates and fees vary by product and account model. As a member of the cooperative sector’s protection systems (BVR Institutssicherung and the BVR Sicherungseinrichtung), the bank participates in an institutional protection scheme that fulfills statutory deposit guarantee requirements; it is supervised by BaFin and the Deutsche Bundesbank. Customers can acquire cooperative shares to become members, with any dividend dependent on annual results and approval by the members’ meeting. The bank’s profile suits customers who value a regional provider backed by a national cooperative infrastructure; nationwide branch coverage and low-fee, high-automation pricing typical of direct banks are not its focus.