Sparda-Bank München eingetragene Genossenschaft products, services and reviews

About Sparda-Bank München eingetragene Genossenschaft

Sparda-Bank München eingetragene Genossenschaft (eG) is a regional cooperative bank headquartered in Munich that focuses on retail customers in its business area, offering current accounts, savings products, consumer financing, and mortgage lending, with investment, building-savings, and insurance products distributed via the cooperative financial network. As a cooperative, customers can become members by purchasing shares; membership may be tied to certain account conditions, and dividends on cooperative shares are possible but not guaranteed. Account models typically involve monthly fees and separate pricing for cards and selected services; preferential terms may depend on regular income credits. The bank provides online and mobile banking with two-factor authentication (e.g., app-based TAN) and supports common mobile wallets; cash is available at Sparda-Bank ATMs and within the CashPool network, with possible charges outside that network, and cash deposits are generally limited to own machines or branches. Services are geared toward private individuals rather than businesses or freelancers, and eligibility for opening an account may be limited to residents or workers in the defined region. Sparda-Bank München is supervised by BaFin and the Deutsche Bundesbank; deposits are protected within the institutional protection scheme of the German cooperative banking sector (including statutory coverage up to 100,000 EUR per depositor). The bank publishes a “Gemeinwohl-Bilanz” (common good balance sheet). Fees, interest rates, and availability of specific features can change and should be checked directly with the bank before applying.