Raiffeisenbank eG Scharrel products, services and reviews

About Raiffeisenbank eG Scharrel

Raiffeisenbank eG Scharrel is a local German cooperative bank based in Scharrel (Saterland, Lower Saxony) and part of the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken. It offers standard retail and small-business services including current accounts, savings and term deposits, consumer and housing loans, business lending (including agricultural financing), payment cards (girocard and credit cards), SEPA transfers and direct debits, online and mobile banking, and cash services via its branches and ATMs as well as access to the nationwide cooperative BankCard ServiceNetz. Investment and pension solutions, building society savings, and insurance are typically provided through group partners such as Union Investment, DZ BANK, Bausparkasse Schwäbisch Hall, and R+V Versicherung. Online banking is PSD2-compliant with strong customer authentication using TAN procedures (app-based or generator). The bank operates under the cooperative model (eingetragene Genossenschaft), with members holding shares and exercising voting rights, and is supervised by BaFin and the Deutsche Bundesbank. Deposits are protected under the German Deposit Guarantee Act up to 100,000 euros per depositor via BVR Institutssicherung GmbH; the additional BVR protection scheme functions as institutional protection for the cooperative network. Services and pricing depend on the chosen account model and usage, and conditions are set out in the price and service schedule; standard identification and anti-money-laundering checks apply. The bank focuses on its regional market, does not provide investment banking, and publishes statutory financial statements and disclosures in line with German commercial and cooperative law and GDPR requirements for data protection.