Volksbank Lübeck eG products, services and reviews

About Volksbank Lübeck eG

Volksbank Lübeck eG is a regional cooperative bank headquartered in Lübeck that operates within the Volksbanken Raiffeisenbanken network and follows the German Genossenschaft model, meaning customers can become members by acquiring cooperative shares and receive voting rights and potential member dividends subject to annual results. The bank offers retail and SME banking with current accounts, savings and term deposits, consumer and mortgage loans, business lending and cash management, as well as securities brokerage and custody via group partners (e.g., DZ BANK/Union Investment), building society products via Schwäbisch Hall, and insurance via R+V Versicherung; real estate brokerage and leasing/financing solutions are typically available through network entities such as VR Smart Finanz and VR Payment for merchant acquiring and POS services. Day-to-day banking is delivered through local branches in Lübeck and surrounding areas, online banking, and the VR Banking App with strong customer authentication; business clients can use EBICS and PSD2 interfaces. Payment services include SEPA transfers, standing orders, direct debits, girocard, and credit cards (Visa/Mastercard issued within the cooperative group); Apple Pay and Google Pay are generally supported for eligible cards after activation, and instant payments may be offered depending on the selected account and settings. Cash access is provided through the BankCard ServiceNetz, which gives customers nationwide access to the cooperative ATM network. Pricing is based on tiered account packages with monthly maintenance fees and service-dependent charges; branch transactions and paper-based services are commonly priced per item, while electronic transactions depend on the chosen model, with conditions governed by the bank’s Preis- und Leistungsverzeichnis. Deposits are covered up to EUR 100,000 per depositor under the statutory German Deposit Guarantee Scheme, and the bank also participates in the BVR institutional protection scheme (BVR Institutssicherung) of the cooperative financial group, which is designed to stabilize member institutions. Volksbank Lübeck eG is a licensed credit institution supervised by BaFin and the Deutsche Bundesbank and is subject to cooperative auditing; operations and product availability are focused on its defined market area, and services are primarily provided in German, which can matter for non-German-speaking customers.