PSD Bank Hessen-Thüringen eG products, services and reviews

About PSD Bank Hessen-Thüringen eG

PSD Bank Hessen-Thüringen eG is a regional cooperative bank serving primarily private customers in Hesse and Thuringia, operating with a direct-banking focus and a limited number of service centers. It offers standard retail banking products such as current accounts, savings and term deposits, card services (girocard and optional credit cards), domestic and cross-border payments, consumer loans, and home financing; securities and insurance solutions are typically distributed via partners within the cooperative financial network. Pricing follows published fee schedules for account packages, cards, and services; fee waivers or reductions may be linked to criteria such as regular incoming payments or customer age/status, and cash withdrawals at non-network ATMs can trigger charges. Access is via online and mobile banking, telephone, and regional service points; cash withdrawals are available nationwide at ATMs of the Volksbanken Raiffeisenbanken network (BankCard ServiceNetz). Customers may acquire cooperative shares to become members, which confers voting rights and a potential dividend dependent on the bank’s annual results; membership is generally not required to use most products, and some offerings may be restricted to residents of the defined business area. The bank’s roots lie in the PSD (Post-Spar- und Darlehensverein) tradition for postal employees, though services are now broadly available to retail clients. PSD Bank Hessen-Thüringen eG is supervised by BaFin and the Deutsche Bundesbank and participates in the cooperative sector’s protection schemes: deposits are covered by BVR Institutssicherung GmbH up to the statutory 100,000 euros per depositor and bank, and the voluntary BVR protection scheme aims to safeguard affiliated institutions beyond that. Online channels use strong customer authentication consistent with PSD2. Financial statements and regulatory disclosures are published regularly; product availability, rates, and fees are subject to change and should be verified against the current price and service list.