Volksbank Hamm/Sieg eingetragene Genossenschaft products, services and reviews

About Volksbank Hamm/Sieg eingetragene Genossenschaft

Volksbank Hamm/Sieg eingetragene Genossenschaft (Volksbank Hamm/Sieg eG) is a regionally focused German cooperative bank serving customers in Hamm (Sieg) and surrounding communities. As a registered cooperative, it is owned by member-customers who exercise voting rights on a one-member-one-vote basis at the members’ meeting; capital is raised via cooperative shares, and strategic decisions are made locally within the framework of the Volksbanken Raiffeisenbanken network. The bank’s offering covers retail and small to mid-sized business banking, including current accounts and payment services, cash supply, savings and term deposits, consumer loans and residential mortgages, and business financing for working capital and investments; it also distributes securities and custody services via network partners in the cooperative financial group (such as Union Investment/DZ BANK), insurance products via R+V Versicherung, building society contracts via Bausparkasse Schwäbisch Hall, and leasing or related solutions through specialized group entities. Access is provided through local branches and self-service terminals, online banking and a mobile app, and phone support; corporate clients can use SEPA and EBICS for payments, and strong customer authentication is implemented as required by PSD2 using TAN-based procedures. Payment cards typically include a girocard debit and, depending on the chosen package, Visa or Mastercard products issued through cooperative partners; cash withdrawals are available across the nationwide BankCard ServiceNetz of Volksbanken Raiffeisenbanken ATMs, with foreign currency services generally available on request. Pricing follows published account packages with monthly maintenance fees and transaction-related charges; detailed terms, interest rates (including for overdrafts), and distribution fees for securities and insurance are set out in the bank’s Preis- und Leistungsverzeichnis and can change. Deposits are protected by the institutional protection scheme of the cooperative network (BVR Institutssicherung GmbH, recognized under EU deposit guarantee rules), supplemented by an additional voluntary protection scheme operated by the BVR; the bank is supervised by BaFin and the Deutsche Bundesbank. Complaints are handled under the BVR ombudsman procedure, and data processing follows German and EU regulations, including GDPR, with details provided in the bank’s privacy notices. The bank’s proposition targets private customers, self-employed individuals, associations, and SMEs in its catchment area; nationwide reach relies primarily on digital channels, and more specialized capital markets or international services are accessed via central institutions within the cooperative group.