Volksbank Mönchengladbach eG products, services and reviews

About Volksbank Mönchengladbach eG

Volksbank Mönchengladbach eG is a regional cooperative bank serving customers in Mönchengladbach and nearby areas as part of the Volksbanken Raiffeisenbanken network. It offers standard retail banking products including current accounts, savings accounts, overdrafts, consumer loans, and mortgage financing, along with services for self-employed and SME clients such as business accounts, payment acceptance via VR Payment, and financing including public development bank programs. Card services typically include a Girocard and optional credit cards issued through the cooperative network; cash withdrawals are generally free at ATMs in the BankCard ServiceNetz, while withdrawals outside the network and foreign currency transactions can incur fees. Pricing is set locally and follows the bank’s published price list, with account models that may combine a monthly maintenance fee with itemized booking, card, and service fees. Digital channels include online and mobile banking with PSD2-compliant strong customer authentication; standard SEPA transfers, direct debits, standing orders, and e-statements are supported. Investment and protection products are distributed through cooperative partners, such as securities custody and funds (e.g., Union Investment), building savings (e.g., Schwäbisch Hall), and insurance (e.g., R+V Versicherung). Customers can open accounts in branch or online using PostIdent or VideoIdent; a local address and valid ID are typically required. Deposits are protected up to EUR 100,000 per depositor under EU/German rules, and the bank participates in the BVR institutional protection scheme. As a cooperative, it offers membership via shares with voting rights and a dividend subject to the general meeting; governance is via a management board and supervisory board. The bank is supervised by BaFin and the Deutsche Bundesbank, provides branch, phone, and online service, and follows the BVR Ombudsmann procedure for dispute resolution.