Raiffeisenbank Ersingen eG products, services and reviews

About Raiffeisenbank Ersingen eG

Raiffeisenbank Ersingen eG is a German cooperative bank (eingetragene Genossenschaft) that operates within the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken, focusing on retail customers, small businesses, and local associations in its immediate region. As a cooperative, it issues membership shares, gives members voting rights at the general meeting, and distributes any dividend on shares based on annual results, subject to governance decisions. The bank provides standard current and savings accounts, domestic and cross-border SEPA payments, international transfers via SWIFT, consumer loans, mortgages, and business banking services including working-capital finance and merchant solutions delivered through group providers such as VR Payment; investment funds, building-savings, and insurance products are typically sourced from network partners like Union Investment, Bausparkasse Schwäbisch Hall, and R+V Versicherung. Digital access is delivered through the cooperative group’s online banking and mobile app, with strong customer authentication using app-based TAN or chipTAN devices; PSD2 interfaces for third-party providers are available under EU open-banking rules. Card products generally include girocard for domestic use and credit or debit cards on international schemes for broader acceptance; ATM withdrawals are primarily free within the nationwide cooperative BankCard ServiceNetz, with charges outside the network according to the published price list. Pricing follows a transparent schedule covering account packages, transactions, cards, and branch counter services; paper statements and manual services typically incur additional fees. Deposits are protected by the BVR Institutssicherung plus the voluntary protection scheme of the cooperative financial network; the institution is supervised by BaFin and the Deutsche Bundesbank and must comply with MiFID II for investment advice and consumer protection rules for lending. The branch footprint is limited to the local area, with service provided via branches, phone, and digital channels; product availability, features, and fees are set locally and can differ from larger nationwide banks. Credit decisions are made under standard underwriting criteria, and investment products involve market risk; foreign payments and card usage outside the euro area can generate currency conversion and network fees.