Raiffeisen- meine Bank eG products, services and reviews

About Raiffeisen- meine Bank eG

Raiffeisen- meine Bank eG is a German cooperative bank (eingetragene Genossenschaft) within the Volksbanken Raiffeisenbanken network that concentrates on retail and small to mid-sized business banking in its home region. Its product range typically includes current accounts, savings and term deposits, debit cards (girocard) and credit cards issued via network partners, domestic and cross-border payments (SEPA and SWIFT), consumer and mortgage lending, and financing for local businesses including agriculture. Securities services are commonly offered in cooperation with group providers (for example brokerage and custody with access to funds and ETFs) and insurance is distributed through cooperative insurers; advice and distribution are subject to MiFID II and IDD rules with the usual documentation and cost disclosures. Digital banking covers web and mobile access with strong customer authentication (e.g., app- or chipTAN-based), standing orders, direct debits, and often instant payments where supported; contactless and mobile wallets are generally available, though specific availability of Apple Pay or Google Pay depends on the issued card and bank configuration. Cash access is primarily through the BankCard ServiceNetz of cooperative ATMs; withdrawals at non-network machines can incur third-party fees. Pricing follows the standard German cooperative model with tiered account packages, monthly maintenance fees, charges for paper-based services, overdraft and credit interest set individually, and a published price list (Preisaushang) and general terms (AGB). As a member of the cooperative financial group, the bank participates in the BVR Institutssicherung (institutional protection scheme) that is recognized as a deposit guarantee scheme; statutory coverage is up to 100,000 euros per depositor per bank, and the institutional scheme is designed to stabilize member institutions. Membership is open to customers through the purchase of cooperative shares, with one vote per member and potential dividends subject to the bank’s results and the terms of the cooperative; share acquisition and redemption conditions, notice periods, and caps apply. Service is delivered via local branches, phone, and online channels; advisory meetings are typically by appointment and identification for onboarding and credit processes follows German KYC and AML requirements, including credit checks (e.g., SCHUFA) for lending and consumer protection procedures for investment advice. Complaints can be escalated to the cooperative sector’s ombudsman (BVR) after internal handling. Geographic focus, branch coverage, product features, interest rates, and fees vary by location and are updated periodically; prospective customers should review the current price schedule, deposit and investor information sheets, and product terms, and note that cooperative institutions may merge or rebrand over time.