Vereinigte Raiffeisenbank Burgstädt eG products, services and reviews

About Vereinigte Raiffeisenbank Burgstädt eG

Vereinigte Raiffeisenbank Burgstädt eG is a regional cooperative bank based in Burgstädt (Saxony) that operates within the Volksbanken Raiffeisenbanken network, offering retail and small-business banking anchored in the cooperative model where customers can become members and exercise voting rights. Its product range typically covers current accounts, savings and term deposits, payment services (SEPA transfers, direct debits, standing orders), debit and credit cards, consumer and overdraft lending, mortgage and construction financing, as well as services for self-employed and SMEs; investment, securities custody, and insurance products are generally distributed via the cooperative financial network. Access is provided through local branches, ATMs in the BankCard ServiceNetz, and standard online and mobile banking with strong customer authentication, enabling account management and domestic/euro payments; international and foreign-currency services are available to a limited extent and usually via correspondent arrangements. Pricing follows published fee schedules (Preis- und Leistungsverzeichnis) and depends on the chosen account/package, transaction volumes, and credit profile; interest rates and conditions are variable and can change with market rates, and credit products are subject to affordability and KYC checks. The bank is supervised by BaFin and the Deutsche Bundesbank and is a member of the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) and its institutional protection scheme; statutory deposit coverage of up to EUR 100,000 per depositor applies in line with the EU Deposit Guarantee Scheme, and the BVR institutional protection is designed to prevent insolvency in the first place. Service and documentation are primarily in German, onboarding is geared to residents of the region, and the bank’s limited geographic footprint means nationwide access relies on digital channels and the shared ATM network rather than extensive branches; product availability, fees, and features can differ by customer segment and are defined in the bank’s contractual terms.