Sparda-Bank Ostbayern eG products, services and reviews

About Sparda-Bank Ostbayern eG

Sparda-Bank Ostbayern eG is a regional cooperative bank headquartered in Regensburg that operates across Eastern Bavaria, focusing on retail banking for private customers rather than businesses. The product range covers current accounts with tiered pricing, debit cards, overdrafts, consumer loans, mortgage financing and home-savings contracts, as well as savings products, term deposits, and the brokerage of investment and insurance solutions from partners within the cooperative financial network. Account packages typically include online and mobile banking with strong customer authentication under PSD2, SEPA transfers, contactless payments, and optional mobile wallets where supported; cash services are available at own and partner ATMs, with fees applying outside agreed networks or allowances. As a cooperative (eG), customers can become members by purchasing at least one share; any dividend is at the discretion of the annual general meeting and depends on business results, and shares are subject to statutory terms for acquisition and redemption. The bank applies a regional principle for new relationships, so residency or employment ties to the service area may be required. Deposits are covered by the institutional protection scheme of the cooperative financial network (BVR Institutssicherung) and the statutory deposit guarantee up to 100,000 euros per depositor, per bank, under EU rules. Service is provided via branches in the region, remote advice by appointment, and a customer hotline; identification options generally include in-branch or video procedures. Pricing, fees for account maintenance, cards, withdrawals, and special services (such as instant payments or paper-based transactions), and current interest rates are published in the bank’s schedule of prices and services and may change; customers should review the latest documents before opening an account or taking a loan. The institution is supervised by BaFin and the Deutsche Bundesbank and is subject to German banking and data-protection regulations.