Spar- und Darlehnskasse Bockum-Hövel e.G. products, services and reviews

About Spar- und Darlehnskasse Bockum-Hövel e.G.

Spar- und Darlehnskasse Bockum-Hövel e.G. is a regional cooperative bank based in the Hamm district of Bockum-Hövel and operates within the Volksbanken Raiffeisenbanken cooperative financial network. Its product scope covers retail and small-business banking, including current accounts, savings and term deposits, overdrafts, consumer loans, residential mortgages, payment cards, securities custody and brokerage via network partners, and access to partner offerings such as investment funds (Union Investment), insurance (R+V), and building society products (Schwäbisch Hall). Cash supply is available through the nationwide VR cooperative ATM network, while online and mobile banking provide standard German security procedures with app-based TAN options; specific features and device wallet compatibility depend on the issued cards and service setup. As a registered cooperative (eG), customers can become members by subscribing to cooperative shares, with membership rights (e.g., voting at the general meeting) and a potential annual dividend determined by member resolution; dividends are not guaranteed and can vary by year. Pricing follows the typical German cooperative model with account packages and pay-per-use elements, so monthly maintenance fees, card fees, paper-based transactions, external ATM withdrawals, and securities custody may incur charges according to the bank’s schedule of prices and services; deposit and lending rates are variable and updated by the bank, and mortgage-related fees (such as valuation or special repayment conditions) may apply. Deposit protection is provided by the BVR Institutssicherung GmbH (the recognized statutory deposit guarantee scheme for German cooperative banks) up to 100,000 euros per depositor, complemented by the additional institutional protection scheme of the BVR that aims to prevent member bank insolvency; securities held in custody are subject to separate legal safeguards. Branch-based services are focused on the local catchment area, and account opening or advisory may require residence or demonstrable ties to the region; service is primarily offered in German. This institution suits individuals and SMEs seeking a locally anchored cooperative provider connected to the broader VR network; prospective customers should review the current price and service list, interest rate schedules, and membership terms before onboarding.