Raiffeisenbank Elbmarsch eG products, services and reviews

About Raiffeisenbank Elbmarsch eG

Raiffeisenbank Elbmarsch eG is a regional cooperative bank serving the Elbmarsch area of Lower Saxony and operating within the Volksbanken Raiffeisenbanken financial network. Organized as an eG, it is owned by members who can subscribe to cooperative shares and vote at the general meeting; any dividend is subject to annual results and member resolution. The bank offers standard retail and small-business services, including current accounts, savings and term deposits, overdrafts, consumer and mortgage loans, SME and agricultural financing, and payment services. Card products typically include a girocard and optional Mastercard or Visa credit/debit cards; cash withdrawals are available at ATMs in the BankCard ServiceNetz of cooperative banks, with fees possible at third-party machines depending on the tariff. Digital access is provided through online banking and the VR Banking App, with two-factor authentication under PSD2 (e.g., SecureGo plus or chipTAN/smartTAN) and 3‑D Secure for card payments; SEPA and international transfers are supported, with separate pricing for foreign transactions. Investment and insurance solutions are distributed via the cooperative group (e.g., Union Investment, R+V Versicherung, Bausparkasse Schwäbisch Hall), including custody accounts and advisory subject to MiFID II requirements; leasing and factoring can be arranged through group affiliates. Account models generally carry monthly package fees and itemized charges for services such as manual transactions, paper statements, or external ATM use; the applicable pricing is set out in the bank’s Preis- und Leistungsverzeichnis. As a German credit institution, it is supervised by BaFin and the Deutsche Bundesbank and participates in the institutional protection scheme of the National Association of German Cooperative Banks (BVR), which also fulfills statutory deposit protection up to 100,000 EUR per depositor. The branch footprint is local, service hours are typical for a regional bank, and onboarding options may include digital identification alongside in-branch processes; suitability depends on a customer’s need for local access versus nationwide reach, and on the chosen account and service package.