Volksbank Münsterland Nord eG products, services and reviews

About Volksbank Münsterland Nord eG

Volksbank Münsterland Nord eG is a regional German cooperative bank (eingetragene Genossenschaft) serving the northern Münsterland area, operating within the Genossenschaftliche FinanzGruppe and supervised by BaFin and the Deutsche Bundesbank. It offers standard retail and SME banking services, including current accounts, savings and term deposits, consumer loans, mortgages and construction financing, business accounts and working-capital facilities, payments and cash management, girocards and credit cards, online banking and the VR Banking app, as well as investment and securities brokerage via group partners such as Union Investment, building society savings and loans via Bausparkasse Schwäbisch Hall, insurance mediation via R+V Versicherung, and SME solutions from group entities (e.g., leasing and factoring where available). Access is provided through local branches and self-service terminals in its catchment area, with ATM withdrawals via the BankCard ServiceNetz; contactless payments and mobile wallets may be supported depending on card type and customer setup. The bank participates in the BVR Institutssicherung GmbH, the statutory deposit guarantee scheme for cooperative banks in Germany (coverage for eligible deposits generally up to 100,000 euros per depositor), and in the additional voluntary protection scheme of the cooperative financial network. Customers can acquire cooperative shares and exercise membership rights at the general meeting; any dividend on shares depends on the bank’s results and resolution. Pricing is published in the schedule of fees and services (Preis- und Leistungsverzeichnis); account management charges, card fees, and interest rates vary by product, usage, and risk, and are subject to change. Typical ancillary services include real estate brokerage, KfW-supported financing, POS terminals and e-commerce acquiring for merchants, and advisory appointments on site, by phone, or via video. The bank follows German KYC/AML and consumer protection rules, provides mandated disclosures (e.g., CRR/Pillar 3) in its investor relations section, and participates in the cooperative sector’s ombudsman procedure for dispute resolution managed by the BVR. Products are generally aimed at private and business customers in its defined market area, and onboarding may require regional ties or branch-based identification.