Raiffeisen-Volksbank Fresena eG products, services and reviews

About Raiffeisen-Volksbank Fresena eG

Raiffeisen-Volksbank Fresena eG is a regional cooperative bank in Lower Saxony’s East Frisia that operates within the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken and follows the member-owned model, allowing customers to buy shares, vote at the annual meeting, and potentially receive a dividend subject to results. It provides standard retail and small-business banking services including current accounts, savings products, consumer and mortgage lending, SME and agricultural finance, payments, and cash services, with investment funds and securities brokerage typically offered via Union Investment and DZ BANK group partners, insurance via R+V Versicherung, and building finance via Bausparkasse Schwäbisch Hall; private banking and custody solutions may be available through network affiliates such as DZ PRIVATBANK. Access is via local branches and self-service terminals in its catchment area, complemented by online banking and the VR Banking app; common two-factor authentication methods (app-based SecureGo-style TAN and chipTAN) are supported. Customers can use the cooperative BankCard ServiceNetz for ATM withdrawals across the VR network, and receive girocard and, on request, Mastercard or Visa credit/debit products with contactless capability; SEPA transfers and standing orders are standard, with international payments available via SWIFT and fees depending on the tariff. Mobile wallets (such as Apple Pay and Google Pay) are generally supported with eligible cards issued through the VR group. Account pricing follows the typical regional model with monthly package fees and transaction-dependent charges, with student and youth options commonly offered; business accounts use separate tariffs based on usage and services. The bank is supervised by BaFin and the Deutsche Bundesbank, applies German AML/KYC requirements (including SCHUFA checks), and enables remote onboarding where offered via VideoIdent or PostIdent; business customers must provide corporate documentation. Deposits are covered by the BVR Institutssicherung GmbH (statutory institutional protection) and additionally by the voluntary protection scheme of the cooperative group. Typical ancillary services include safe deposit boxes where available, foreign currency orders, and merchant services for local businesses. As a localized institution, strengths lie in regional coverage and advisory access, while branch availability outside its area is limited and pricing may differ from direct banks; rates and fees are set by the bank and can change, so customers should review the current price and service list before opening an account.