Raiffeisenbank Schaafheim eG products, services and reviews

About Raiffeisenbank Schaafheim eG

Raiffeisenbank Schaafheim eG is a local German cooperative bank (eingetragene Genossenschaft) based in Schaafheim, Hesse, operating within the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken. It focuses on retail clients, the self-employed, and small and mid-sized businesses in its defined market area, offering current accounts (Girokonten), savings and term deposits, payment services, debit and credit cards, consumer and mortgage lending, and standard corporate banking products such as working-capital lines, investment loans, and basic cash management. Distribution typically combines branch counters and self-service devices with online and mobile banking, including strong customer authentication and SEPA transfers. As part of the cooperative network, the bank distributes group products via partners such as DZ BANK (central institution and capital markets services), Union Investment (funds), R+V Versicherung (insurance), Bausparkasse Schwäbisch Hall (building savings), VR Payment (merchant acquiring), and TeamBank (installment credit). Deposits are protected by the institutional protection scheme of the cooperative financial network (BVR Institutssicherung GmbH) and the network’s additional protection scheme; the bank is supervised by BaFin and the Deutsche Bundesbank and adheres to German and EU banking regulation, including PSD2. Governance follows cooperative principles with members holding shares and voting in the general assembly; any dividend on cooperative shares depends on annual results and resolutions. Pricing, interest rates, and service conditions are set by the bank and published in the Preis- und Leistungsverzeichnis on its website; product availability and onboarding are generally oriented to customers residing or doing business in the bank’s region. The bank participates in the cooperative banking ombudsman system for dispute resolution and provides customer communications in German.