Volksbank Raiffeisenbank Niederschlesien eG products, services and reviews

About Volksbank Raiffeisenbank Niederschlesien eG

Volksbank Raiffeisenbank Niederschlesien eG is a regional cooperative bank (eingetragene Genossenschaft) within the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken, offering standard retail and SME banking services such as current accounts, savings products, term deposits, payment services, girocard and credit cards, consumer and mortgage lending, and business financing. Customers typically access services via branches, online banking, and the VR Banking app with strong customer authentication (e.g., app-based TAN); identification is handled under KYC/AML requirements, commonly via in-branch or video procedures. Investment, insurance, and building-society products are usually provided through group partners like Union Investment, R+V Versicherung, and Bausparkasse Schwäbisch Hall, with additional corporate and real estate solutions available through cooperative group institutions. The bank participates in the cooperative ATM network (BankCard ServiceNetz), which provides broad domestic cash access; withdrawals at non-network ATMs may incur fees. Payments include SEPA transfers, direct debits, and international transfers via SWIFT; foreign currency services may be available subject to order and fees. Deposits are protected up to EUR 100,000 per depositor by the legally recognized BVR Institutssicherung GmbH; the cooperative group’s institutional protection scheme (BVR Sicherungseinrichtung) also aims to prevent insolvency, though it is not a statutory deposit guarantee beyond the legal limit. As a member-owned institution, eligible customers can acquire shares and voting rights; pricing usually follows a published schedule of fees, with monthly account packages and transaction-based charges varying by model. Product availability, digital wallet compatibility, interest rates, and opening hours are region-specific and subject to change; prospective customers should review the bank’s current terms and disclosures.