Volksbank Bochum Witten eG products, services and reviews

About Volksbank Bochum Witten eG

Volksbank Bochum Witten eG is a regional cooperative bank (eingetragene Genossenschaft) serving private and business customers in Bochum, Witten, and the surrounding area in North Rhine-Westphalia. As part of the Genossenschaftliche FinanzGruppe, it offers standard retail and SME banking services including current accounts, savings and term deposits, consumer loans, mortgages and construction financing, overdrafts, business accounts, working-capital and investment loans, and payment services such as cards, POS terminals, and merchant solutions provided through group partners. Securities custody and brokerage, investment funds (via cooperative network providers), insurance (R+V) and building society savings (Bausparkasse Schwäbisch Hall) are commonly available through the group, alongside real estate brokerage and, where offered, safe deposit boxes. Access is provided through local branches, online banking, and the VR Banking app; debit and credit cards are supported, and cash withdrawals are available at ATMs in the BankCard ServiceNetz of cooperative banks. Pricing follows published schedules (Preis- und Leistungsverzeichnis); account maintenance, card, and transaction fees vary by account model, and interest rates depend on product and market conditions. Onboarding can be completed in branch or digitally with standard identification procedures; lending decisions rely on creditworthiness assessments and external credit bureau data where applicable. Deposit protection is provided by the institutional protection scheme of the National Association of German Cooperative Banks (BVR) and the BVR Institutssicherung GmbH, with statutory coverage up to 100,000 euros per depositor; the institutional scheme also aims to prevent insolvency within the network. The bank is supervised by BaFin and the Deutsche Bundesbank and operates under German and EU banking regulations, including PSD2 requirements for strong customer authentication in digital channels. Product availability and conditions can differ by customer segment and channel, and appointments are typically required for advisory-intensive services.