PSD bank products, services and reviews

About PSD bank

PSD Bank refers to a group of regionally active cooperative banks in Germany that originated as savings and loan associations for postal employees and now focus on retail customers. Each PSD bank operates independently within its region, so product terms, pricing, interest rates, and eligibility criteria differ by institution. Core offerings typically include current accounts, savings and term deposits, installment loans, mortgage and construction financing, building society savings via cooperative partners, investment funds and securities custody via providers in the cooperative financial network, and insurance products distributed through partner insurers. Payments infrastructure generally covers SEPA transfers, standing orders, and card payments; many institutions issue girocards and Mastercard or Visa cards and provide cash access at the cooperative “BankCard ServiceNetz” ATMs of Volksbanken Raiffeisenbanken, with withdrawals at third-party ATMs potentially subject to fees. Digital channels include online and mobile banking with two-factor authentication under PSD2; account opening is usually available via PostIdent or VideoIdent; availability of SEPA Instant payments and Apple Pay or Google Pay depends on the specific PSD bank. As cooperative institutions, PSD banks may allow customers to acquire membership shares that confer voting rights and, if resolved by the members’ meeting and subject to results, a dividend; terms for share subscription, holding periods, and redemption are set locally. Deposits are protected by the recognized institutional protection scheme of the cooperative sector (BVR Institutssicherung) which fulfills the statutory guarantee up to 100,000 euros per depositor, complemented by the voluntary protection scheme of the cooperative financial network; the framework is designed to prevent insolvencies and protect customer deposits. The banks are supervised by BaFin and the Deutsche Bundesbank, and they participate in the cooperative sector’s ombudsman dispute resolution. Prospective customers should review the tariff schedule and product sheets of the relevant regional PSD bank for current fees, interest rates, ATM usage rules, and digital feature support.