Volksbank Glan-Münchweiler eingetragene Genossenschaft products, services and reviews

About Volksbank Glan-Münchweiler eingetragene Genossenschaft

Volksbank Glan-Münchweiler eingetragene Genossenschaft is a local cooperative bank based in Glan-Münchweiler (Rhineland-Palatinate) and part of Germany’s Genossenschaftliche FinanzGruppe. As an eG, it applies the cooperative governance model (one member, one vote), with a supervisory board overseeing the management board, and it is supervised by BaFin and the Deutsche Bundesbank. The bank is affiliated with the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) and participates in both the statutory BVR Institutssicherung GmbH deposit guarantee (covering up to EUR 100,000 per depositor) and the BVR’s additional institutional protection scheme. Its core business focuses on retail and small-business clients in its regional market, offering current accounts, savings and time deposits, consumer loans, residential mortgages, and payment services (SEPA transfers and direct debits), alongside cash services and cards (girocard and, depending on issuance, internationally usable debit). Investment, insurance, and housing-related products are distributed through group partners such as Union Investment, R+V Versicherung, Bausparkasse Schwäbisch Hall, and DZ BANK. Access is via branch services, the cooperative ATM network, and online and mobile banking through the VR Banking app with PSD2-compliant strong customer authentication; business customers typically have EBICS for bulk and corporate payments. Fees and conditions are set locally and published in the statutory price notice; account packages commonly include monthly maintenance fees and specific charges may apply for items like instant payments, paper-based transactions, or out-of-network ATM withdrawals. Credit products are subject to standard identification and creditworthiness checks (including Schufa), and eligibility is generally limited to the bank’s defined market area. The institution does not engage in investment banking; for international transactions and securities processing it relies on the cooperative group’s central institution. Annual financial statements are filed in the Bundesanzeiger, and member shares contribute to its capital base, while customer deposits fall under German and EU deposit protection rules.