PSD Bank Nord eG products, services and reviews

About PSD Bank Nord eG

PSD Bank Nord eG is a cooperative retail bank based in northern Germany and part of the nationwide group of independent PSD banks. Organized as an eG (eingetragene Genossenschaft), it operates under German banking law and is supervised by BaFin and the Deutsche Bundesbank. The bank focuses on private customers in its regional market, offering current accounts and payment services (including SEPA), savings and term deposits, consumer loans, and residential mortgage financing; it also distributes investment and insurance products through the cooperative financial network, typically including Union Investment, R+V Versicherung, and Bausparkasse Schwäbisch Hall. Cash access is generally provided via the Volksbanken Raiffeisenbanken ATM network (BankCard ServiceNetz) through the girocard scheme. Deposits are protected by the German statutory deposit guarantee up to 100,000 euros per depositor per bank, supplemented by the institutional protection scheme of the BVR (Bundesverband der Deutschen Volksbanken und Raiffeisenbanken), of which PSD banks are members. Banking is delivered primarily via online, mobile, and phone channels, with advisory offices in its market area rather than a dense branch network. Membership in the cooperative via purchase of shares is possible and confers voting rights; it is distinct from being a customer and may involve a variable, non-guaranteed dividend. Pricing for accounts, cards, and services follows the bank’s Preis- und Leistungsverzeichnis, and rates and fees are subject to change. The bank applies PSD2-compliant strong customer authentication and standard European data and consumer protection rules. Historically linked to the postal and telecommunications sector, access to services today is generally open to the wider regional public.