Sparda-Bank Hannover eingetragene Genossenschaft products, services and reviews

About Sparda-Bank Hannover eingetragene Genossenschaft

Sparda-Bank Hannover eingetragene Genossenschaft (Sparda-Bank Hannover eG) is a German cooperative bank headquartered in Hannover that primarily serves private customers in its defined regional market in and around Lower Saxony. As a cooperative, customers can become members by acquiring cooperative shares; any dividend on these shares depends on annual results and a resolution by the members’ meeting, and voting follows the one-member-one-vote principle. The bank offers standard retail products including current accounts, savings and term deposits, consumer loans, overdrafts, and residential mortgage financing, along with investment and insurance products distributed via partner institutions. Account models and pricing are set out in its price and service list and may include monthly account fees, card fees, charges for certain transactions, and costs for withdrawals at non-partner ATMs or for foreign currency usage; terms vary by product. Payment cards typically include a girocard for domestic use and, depending on the package, an additional debit or credit card; mobile wallet payments may be supported where card and device eligibility is met. Banking access is provided via branches, online banking, and mobile apps, with two-factor authentication in line with PSD2 requirements. Sparda-Bank Hannover eG is supervised by BaFin and the Deutsche Bundesbank and participates in the German statutory deposit guarantee up to 100,000 euros per depositor; it is also integrated into the institutional protection scheme of the cooperative financial network (BVR). Account opening generally requires standard identification (e.g., video ident or PostIdent) and residence-related eligibility consistent with the bank’s regional focus.