Raiffeisenbank Lorup eG products, services and reviews

About Raiffeisenbank Lorup eG

Raiffeisenbank Lorup eG is a member-owned cooperative bank based in Lorup (Emsland, Lower Saxony) and part of the Volksbanken Raiffeisenbanken network. It provides standard retail and small-business banking services, including current accounts, savings and term deposits, payment services, and lending such as consumer loans and mortgages; it also serves agricultural clients in its local market. Access is via a local branch presence, ATMs within the cooperative network, online banking, and the VR banking app; strong customer authentication and TAN procedures are used in line with PSD2. Customers typically receive a girocard and can obtain credit cards through cooperative partners, with contactless payments supported; SEPA transfers are standard, and cross‑border payments outside SEPA are handled via SWIFT and are subject to fees. Investment, building-savings, and insurance products are distributed through group companies within the cooperative sector. Pricing depends on the chosen account model and the bank’s published schedule of fees; cash services and paper-based transactions may incur additional charges. Deposits are protected by Germany’s statutory deposit guarantee up to 100,000 euros per depositor via BVR Institutssicherung GmbH and by the institutional protection scheme of the National Association of German Cooperative Banks (BVR). The bank is subject to supervision by BaFin and the Deutsche Bundesbank. As a registered cooperative (eG), ownership is held by members, who can exercise voting rights at the general meeting; strategic focus is on customers in Lorup and the surrounding region, with digital channels extending access beyond local opening hours.