Volksbank Backnang eG products, services and reviews

About Volksbank Backnang eG

Volksbank Backnang eG is a regional cooperative bank headquartered in Backnang, Baden‑Württemberg, and part of the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken. As an eingetragene Genossenschaft, it is owned by member‑shareholders; customers can subscribe cooperative shares and may receive a dividend if approved by the general meeting. The bank provides retail and small‑business services including current accounts, savings and term deposits, payment cards, SEPA payments, cash services, consumer and housing loans, and financing for local SMEs; securities and investment products are distributed via group partners (e.g., custody and brokerage through DZ BANK/Union Investment), insurance via R+V, and building society savings and home finance via Bausparkasse Schwäbisch Hall. Access is available through branches in Backnang and the surrounding Rems‑Murr area, online banking, and the VR Banking App, with two‑factor authentication options via app or chipTAN. Account pricing typically combines a monthly package fee with transaction‑based charges; conditions vary by account type and channel and are set out in the official price list. Cash withdrawals are possible at local self‑service machines and across the nationwide cooperative BankCard ServiceNetz; card and mobile wallet compatibility depends on card type and tariff. Business clients can use SEPA credit transfers and direct debits, EBICS interfaces, and merchant acquiring/POS services via VR Payment; SEPA instant payments may be available depending on channel and agreement. The bank is supervised by BaFin and the Deutsche Bundesbank and participates in the cooperative network’s institutional protection scheme; statutory deposit protection up to 100,000 euros per depositor is provided by BVR Institutssicherung GmbH, with additional institutional support via the BVR Sicherungseinrichtung. Product availability, interest rates, and lending criteria are determined locally and can change; prospective customers should review current disclosures, fee schedules, and eligibility requirements.