Raiffeisenbank Erkelenz eG products, services and reviews

About Raiffeisenbank Erkelenz eG

Raiffeisenbank Erkelenz eG is a regional German cooperative bank based in Erkelenz (North Rhine-Westphalia) serving private and business customers in its local market. It operates within the Volksbanken Raiffeisenbanken cooperative network, is a member of the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR), and participates in the sector’s protection systems: statutory deposit insurance up to 100,000 euros per depositor via BVR Institutssicherung GmbH and the cooperative institutional protection scheme (BVR Sicherungseinrichtung) that aims to prevent insolvency. The bank’s range commonly includes current accounts, savings and term deposits, consumer loans, mortgages and construction financing (with solutions available via group partner Schwäbisch Hall), securities custody and investment funds (via Union Investment and other cooperative partners), insurance products (via R+V Versicherung), payment services and cards (girocard and, depending on the account, Mastercard or Visa), as well as online and mobile banking through the VR Banking App. Business services include operating accounts, working-capital and investment financing, commercial real estate financing, and payment acceptance for point-of-sale and e-commerce via VR Payment, with leasing and factoring accessible through network partners. Access is provided through local branches and self-service terminals; cash withdrawals are available across the BankCard ServiceNetz with a VR girocard. Digital access adheres to PSD2 requirements with strong customer authentication (app-based TAN or chipTAN methods). Pricing for accounts, cards, payments, securities custody, and loans is set by tariff and published in the price list (Preis- und Leistungsverzeichnis/Preisaushang), along with current interest rates and conditions. As an eingetragene Genossenschaft (eG), customers can become members with voting rights at the general meeting; any member distribution depends on annual results and a resolution. The institution is supervised by BaFin and the Deutsche Bundesbank, supports SEPA credit transfers and direct debits, and processes international payments via correspondent banks under the published fee schedule. Credit products are subject to standard checks, including income verification and SCHUFA information. For eligibility, documentation, and up-to-date terms, customers should consult the bank’s official publications or contact the bank directly.