Volksbank Weschnitztal eG products, services and reviews

About Volksbank Weschnitztal eG

Volksbank Weschnitztal eG is a regional cooperative bank serving private customers, self-employed individuals, associations, and SMEs in the Weschnitztal area of Hesse, Germany. As an eingetragene Genossenschaft, it operates under the cooperative principle of one member, one vote; customers can acquire cooperative shares, and any dividend depends on annual results and member resolutions. The bank is part of the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken and is supervised by BaFin and the Deutsche Bundesbank. Deposit protection is organized through the BVR Institutssicherung GmbH, which fulfills statutory deposit guarantee requirements under German law, and the bank also participates in the additional protection scheme of the BVR Sicherungseinrichtung. The product range typically includes current accounts, savings and term deposits, overdrafts, consumer loans, mortgages and construction financing (including access to public subsidy programs where eligible), business accounts and lending, payment services with SEPA transfers and direct debits, and cash management. Customers can use girocard and commonly issued Visa or Mastercard credit cards, including contactless payments, and access a broad ATM network via the BankCard ServiceNetz of the Volksbanken Raiffeisenbanken. Digital channels comprise online banking and a mobile app with two‑factor authentication compliant with PSD2; identification for account opening follows German KYC requirements. Securities and investment solutions, building society savings, and insurance are provided through the cooperative financial group (e.g., Union Investment, Bausparkasse Schwäbisch Hall, R+V Versicherung), with capital markets and card services supported by group institutions such as DZ BANK. Pricing generally follows tiered account models with published fee schedules; charges can vary by package and usage, and in-branch transactions may incur separate fees. The bank states compliance with applicable data protection rules, including the GDPR, and provides services via branches, phone, and digital channels within its defined regional market.