Volksbank Münsterland Nord eG products, services and reviews

About Volksbank Münsterland Nord eG

Volksbank Münsterland Nord eG is a German cooperative bank operating in the northern Münsterland region of North Rhine-Westphalia and forms part of the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken, with DZ BANK as central institution. It offers retail and SME banking including current accounts, savings and term deposits, consumer loans and overdrafts, residential and construction financing, and securities services such as custody accounts and fund distribution (typically via Union Investment) alongside brokerage supported by group providers; insurance is brokered primarily through R+V Versicherung, and building society contracts via Bausparkasse Schwäbisch Hall. Corporate clients receive business accounts, working-capital and investment loans (including KfW programs), commercial real estate finance, cash management, POS and e-commerce acquiring via VR Payment, and leasing/factoring through VR Smart Finanz; trade finance is available through the cooperative network. Access is via a regional branch network, online banking and the VR BankingApp, with strong customer authentication using app- or card-based procedures; payment cards include girocard and Mastercard/Visa, with contactless use and, depending on product, support for common mobile wallets. Cash withdrawals are available at ATMs within the BankCard ServiceNetz; fees may apply at non-network machines and for selected services. The bank is supervised by BaFin and the Deutsche Bundesbank; deposits are covered up to 100,000 EUR per depositor under the BVR Institutssicherung (statutory deposit guarantee), and the sector’s institutional protection scheme aims to prevent insolvency subject to its rules. Pricing follows account packages and business tariffs with separate fees for cards, transactions, securities custody, and international payments; conditions vary by product. As a cooperative, customers may become members by purchasing shares, with voting rights and distributions subject to the bank’s results; an ombudsman procedure via the BVR is available for dispute resolution, and a legally mandated account-switching service is provided.