PSD Bank Rhein-Ruhr eG products, services and reviews

About PSD Bank Rhein-Ruhr eG

PSD Bank Rhein-Ruhr eG is a regional cooperative direct bank serving private customers in the Rhine-Ruhr metropolitan area. It is part of the PSD Bankengruppe and the Genossenschaftliche FinanzGruppe and is supervised by BaFin and the Deutsche Bundesbank. The bank focuses on standard retail services, including current accounts, debit (Girocard) and credit cards, instant-access and term savings, consumer loans, and mortgage financing; investment funds, building-society savings, and insurance are distributed via cooperative network partners. Access is primarily digital through online and mobile banking with two-factor authentication (for example, app-based TAN or chipTAN), supplemented by telephone service and a limited number of advisory locations; cash services are more restricted than at full-branch providers. Cash withdrawals are available at ATMs in the cooperative BankCard ServiceNetz; out-of-network withdrawals and foreign transactions may incur fees. Account management and card fees apply depending on the chosen model and usage; pricing often varies by package and may depend on monthly inflows. Deposits are covered by the German cooperative protection schemes: the BVR Institutssicherung GmbH (statutory protection up to 100,000 EUR per depositor) and the additional institutional protection system of the BVR. As a cooperative (eG), customers can typically acquire membership shares that grant voting rights and may pay a dividend subject to annual results and resolutions; the number of shares is limited and dividends are not guaranteed. New customers usually complete identification via video or post procedures, and eligibility is tied to the bank’s defined regional market. Payments run over SEPA, and contactless and mobile payments are supported with compatible cards. The proposition is aimed at residents comfortable with a direct-banking model; those requiring frequent cash deposits or broader physical branch coverage should check local service availability before opening an account.