PSD Bank Nürnberg eG products, services and reviews

About PSD Bank Nürnberg eG

PSD Bank Nürnberg eG is a regional cooperative bank based in Nuremberg and part of the PSD Bank group within the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken. It focuses on retail customers and operates primarily as a direct bank with a small number of advisory locations in its business area, offering current accounts, savings and term deposits, consumer loans, and residential mortgage financing. Payments are supported via SEPA, with debit and credit cards available; cash withdrawals are possible at ATMs of the cooperative network. Investment and insurance solutions are typically offered through group partners (for example Union Investment, Bausparkasse Schwäbisch Hall, and R+V Versicherung). Accounts are opened subject to identity checks and standard compliance screening, and eligibility may be limited to residents within the bank’s defined region. Deposits are protected by the German statutory deposit guarantee up to 100,000 euros per depositor, complemented by the institutional protection scheme of the cooperative financial group (BVR Institutssicherung) and its additional voluntary protection scheme. Online and mobile banking use strong customer authentication with app- or device-based TAN procedures. As a cooperative, customers can acquire shares and exercise member rights; any dividend on shares is discretionary and not guaranteed. The bank is supervised by BaFin and the Deutsche Bundesbank. Pricing, interest rates, and product availability are published by the bank and can change.