PSD Bank Hannover eG products, services and reviews

About PSD Bank Hannover eG

PSD Bank Hannover eG is a German cooperative bank operating within the PSD banking group and the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken, with a regional focus centered on Hanover and surrounding areas. It primarily serves private customers and offers standard retail banking services including current accounts, savings products, term deposits, consumer loans, and mortgage financing; investment funds, custody accounts, building savings, and insurance are typically provided in cooperation with partners from the cooperative financial network. Distribution is oriented toward direct banking, combining online and mobile banking with a limited physical presence through advisory locations and a service center; customers have access to the cooperative banks’ ATM network, and payment cards (debit and credit) are available depending on the chosen account package. Digital services support common functions such as transfers, standing orders, and secure authentication in line with PSD2 requirements. As a cooperative, customers may acquire membership shares and exercise member rights; any dividend on shares depends on the bank’s results and the decision of the members’ meeting. The bank is supervised by BaFin and the Deutsche Bundesbank. Deposits are protected under the German statutory deposit guarantee (up to 100,000 euros per depositor) via the BVR Institutssicherung and the bank also belongs to the additional institutional protection scheme of the BVR. Pricing, interest conditions, and eligibility criteria are set out in the bank’s schedule of prices and services and product terms, which can vary by account model and region. Governance follows the cooperative model with a management board and supervisory board.