PSD Bank Kiel eG products, services and reviews

About PSD Bank Kiel eG

PSD Bank Kiel eG is a regional cooperative direct bank based in Kiel and part of the German Cooperative Financial Network (Genossenschaftliche FinanzGruppe). It focuses on retail banking within a defined market area, offering current accounts, savings and term deposits, overnight money, consumer loans, mortgage financing (including access to promotional programs where applicable), building-society contracts via cooperative partners, securities custody and investment funds through group providers, and insurance brokerage from the cooperative network. As a direct bank, it operates with a limited branch footprint and emphasizes online and telephone service, with advisory offices available by appointment in its region. Digital banking covers SEPA payments, standing orders, card controls, and two-factor authentication via app-based TAN methods; a mobile app is available. Account pricing depends on the chosen model and usage, with conditions for fee waivers varying by package; charges can apply to cards, cash withdrawals, foreign usage, and paper-based transactions. Cash access is typically provided via the nationwide ATM network of Volksbanken Raiffeisenbanken (BankCard ServiceNetz); cash deposits are possible only at selected partner machines or counters. New customer eligibility is commonly limited to residents of the bank’s designated regional market. PSD Bank Kiel eG is supervised by BaFin and the Deutsche Bundesbank and participates in the statutory German deposit guarantee up to 100,000 euros per depositor, complemented by the institutional protection scheme of the cooperative group. Applicable rates, fees, and service levels are set out in the published price/service list and are subject to change.