Volksbank Ruhr Mitte eG products, services and reviews

About Volksbank Ruhr Mitte eG

Volksbank Ruhr Mitte eG is a German cooperative bank (eingetragene Genossenschaft) operating in the central Ruhr area, with a branch network focused around Gelsenkirchen and nearby municipalities. As part of the Volksbanken Raiffeisenbanken cooperative financial group, it offers retail and SME banking services including current and savings accounts, term deposits, consumer and mortgage lending, corporate finance, payments, and cash management; investment, building-savings, insurance, and merchant services are commonly provided via group partners such as DZ BANK, Union Investment, Bausparkasse Schwäbisch Hall, R+V Versicherung, and VR Payment. Access channels include branches, online banking, and the VR Banking app with two-factor authentication; debit and credit cards are available, and cards can typically be enabled for Apple Pay or Google Pay subject to card type and eligibility. Accounts are generally fee-based with tiered models and possible surcharges for paper or over-the-counter transactions; rates and fees vary by product and are subject to change. The bank is supervised by BaFin and the Deutsche Bundesbank; deposits are protected under the German Deposit Guarantee Act up to 100,000 EUR per depositor, and the cooperative sector operates an institutional protection scheme recognized under EU law. As a cooperative, customers can become members by acquiring shares, which provide voting rights and may entitle holders to a variable, non-guaranteed dividend depending on annual results. Credit decisions follow standard German underwriting practices, including affordability checks and consultation of credit bureaus such as SCHUFA. SEPA payments are supported, including instant transfers where available. The branch footprint and service hours are adjusted to local demand, and while many processes can be completed digitally, some products still require identity verification or signatures. Prospective customers should review the current schedule of prices and services, product terms, and eligibility criteria, particularly for business accounts, card acceptance, and digital features.