Raiffeisenbank eG products, services and reviews

About Raiffeisenbank eG

Raiffeisenbank eG refers to a set of independent, regionally focused cooperative banks in Germany organized under the Volksbanken Raiffeisenbanken group; each entity is a registered cooperative (eG) owned by members who can purchase shares that confer voting rights and a potential, non-guaranteed dividend. Core services typically include current accounts, savings and term deposits, debit (girocard) and credit cards, SEPA payments, standing orders, and optional instant payments, alongside loans such as overdrafts, consumer credit, and mortgage financing; many institutions also provide business banking for SMEs, including accounts, financing, and payment acceptance via group providers. Securities accounts, brokerage, and investment funds are commonly distributed through group partners (e.g., Union Investment, DZ BANK affiliates), and insurance products are offered via R+V Versicherung; some locations operate safe deposit boxes and real estate brokerage. Online and mobile banking use the cooperative group’s platforms with PSD2-compliant two-factor authentication; features generally include transfers, e-statements, card management, and secure messaging, while mobile wallets (e.g., Apple Pay/Google Pay) are available at many but not all institutions. Cash access is provided through the cooperative group’s nationwide ATM network (BankCard ServiceNetz); withdrawals at third-party machines may incur fees. Pricing is set locally and varies by tariff, with account maintenance, transaction, and card fees that differ by usage pattern; youth or student tariffs may have reduced charges, and in-branch services often carry separate fees. Deposits are protected up to 100,000 EUR per depositor under the statutory scheme for the cooperative sector (BVR Institutssicherung GmbH); the banks also participate in the BVR institutional protection scheme, which aims to prevent insolvency but does not create a separate legal compensation claim beyond statutory coverage. Operations are supervised under German banking law by BaFin and the Deutsche Bundesbank. Conditions, product availability, interest rates, digital features, branch coverage, and service hours differ by the specific Raiffeisenbank eG, so customers encounter regional variations in offerings and costs.