Volksbank Zwickau eG products, services and reviews

About Volksbank Zwickau eG

Volksbank Zwickau eG is a regional cooperative bank based in the Zwickau area of Saxony, operating within the Volksbanken Raiffeisenbanken network and serving private customers, self-employed clients, SMEs, and local associations. Its core offering covers current accounts, savings and term deposits, SEPA payment services, debit and credit cards, consumer loans and overdrafts subject to credit checks, residential mortgage financing, and standard business banking products such as business accounts, working capital and investment loans, and merchant services. Customers have access to online and mobile banking with PSD2-compliant strong customer authentication and can use the nationwide cooperative ATM network for cash services; withdrawals from third-party ATMs and cross-border or foreign-currency transactions generally attract fees. Account models are typically fee-based with tiered packages, while credit cards are optional and carry separate pricing; specific charges, interest rates, and included services are set locally by the bank and can differ from other cooperative institutions. As an eingetragene Genossenschaft (eG), the bank offers membership via cooperative shares that confer voting rights; any member distribution depends on annual results and internal policy. Deposit protection is provided by the cooperative sector’s institutional protection scheme (BVR Institutssicherung GmbH) recognized under German law, supplemented by the voluntary protection scheme of the National Association of German Cooperative Banks. The bank is subject to supervision by BaFin and the Deutsche Bundesbank. Investment and insurance solutions are distributed through the cooperative network and commonly include investment funds, building savings contracts, and insurance products from group partners, with availability and suitability depending on client profiles and local arrangements. Account opening is available in-branch and, for standard retail products, often online with identity verification; documentation, residency, and eligibility requirements apply, and service is primarily in German. The institution’s locally focused footprint supports regional relationship banking but limits geographic reach; prospective customers should review the current schedule of prices and services, terms and conditions, and product information before entering a relationship.