Hanseatic Bank GmbH & Co KG products, services and reviews

About Hanseatic Bank GmbH & Co KG

Established in 1969 and headquartered in Hamburg, Hanseatic Bank GmbH & Co KG is a German private bank focused on consumer finance and payments, operating in the legal form of a GmbH & Co. KG and majority-owned by Société Générale with a minority stake held by the Otto Group. The bank holds a full license under the German Banking Act (KWG) and is supervised by BaFin and the Deutsche Bundesbank. Its business mix centers on unsecured retail lending and revolving credit, Visa-branded credit cards, point-of-sale financing for retail partners, and deposit products including call money and term deposits; it also distributes selected insurance and ancillary services. The operating model is predominantly direct, with digital onboarding, online banking and a mobile app, and a limited physical presence centered in Hamburg. Pricing is product-specific and subject to change: revolving balances on credit cards accrue variable interest, installment loans are offered at fixed or variable APRs depending on terms, and deposit rates track market conditions; premium card features and certain services may carry fees according to the published schedule. Deposits are covered by the statutory German deposit guarantee scheme (Entschädigungseinrichtung deutscher Banken) up to 100,000 euros per depositor, and the bank additionally participates in the private banks’ voluntary deposit protection fund, which provides supplementary coverage subject to its rules and limits. The risk profile reflects concentration in unsecured consumer credit and retail partner financing, with underwriting based on credit bureau data and internal scoring; revolving credit typically entails higher effective costs than installment loans. The bank serves customers nationwide through remote channels and partnerships and operates as a mid-sized specialist rather than a universal bank; applicants should review current terms, effective APRs, fees, and early repayment provisions before entering into agreements.