OstseeSparkasse Rostock products, services and reviews

About OstseeSparkasse Rostock

OstseeSparkasse Rostock (OSPA) is a regional savings bank for the city and district of Rostock, organized as a public-law institution and part of the Sparkassen-Finanzgruppe. It offers retail and business banking services including current accounts, savings and term deposits, overdraft and installment loans, mortgage financing, corporate lending and cash management, cards (girocard and credit cards), domestic and cross-border payments (SEPA and SWIFT), and cash handling via local branches and self-service machines; cash withdrawals are available across the nationwide Sparkassen ATM network. Securities and investment services are provided through group platforms such as Deka investment funds and Sparkassen brokerage, building society contracts are distributed via LBS, and insurance is available through affiliated providers; availability and conditions depend on customer profile and advisory requirements. Digital access includes online banking and the Sparkasse mobile app with strong customer authentication (chipTAN/pushTAN), support for contactless and mobile payments including Apple Pay and Google Pay, and optional real-time transfers where enabled. Pricing follows the published price and service schedule and varies by account package, usage, and delivery channel, with separate charges possible for cards, out-of-network cash withdrawals, paper statements, and certain over-the-counter services; current interest rates and fees are available from the bank. Deposits are protected by the German statutory deposit guarantee up to 100,000 euros per depositor per bank and by the Sparkassen-Finanzgruppe’s institutional protection scheme (Haftungsverbund), which is designed to prevent insolvency. The bank is subject to supervision by BaFin and the Deutsche Bundesbank and is a member of the regional Sparkassen association; customers can use the Sparkassen-Finanzgruppe ombudsman procedure for dispute resolution. Services are focused on the Rostock region with support via branches, phone, and digital channels; product availability and terms can vary by segment, and identification is required under German AML/KYC rules.