VR-Bank Bonn Rhein-Sieg eG products, services and reviews

About VR-Bank Bonn Rhein-Sieg eG

VR-Bank Bonn Rhein-Sieg eG is a regional German cooperative bank serving private and business customers in Bonn and the Rhein-Sieg district, operating within the Volksbanken Raiffeisenbanken network. As a registered cooperative (eG), it is owned by member-shareholders who can acquire cooperative shares and vote at the general meeting; any dividend on shares is determined annually and is not guaranteed. The bank offers standard retail products such as current accounts, savings accounts, term deposits, consumer loans, mortgages, and securities custody, along with insurance, investments, and building society savings provided through the cooperative financial network (typical partners include R+V Versicherung, Union Investment, and Bausparkasse Schwäbisch Hall). Business banking covers accounts, payments, working capital and investment financing, commercial real estate loans, guarantees, and merchant services/terminals via group providers. Access channels include branches in the region, an online banking portal, and the VR Banking App with PSD2-compliant strong customer authentication via app-based TAN or chipTAN devices; digital onboarding is commonly supported through video or postal identification. Card services generally include a girocard for domestic use and optional Mastercard or Visa cards for international payments, with support for contactless and mobile wallets such as Apple Pay and Google Pay depending on card type. Cash withdrawals are available at the Volksbanken Raiffeisenbanken BankCard ServiceNetz ATMs, with fees potentially applying outside the network or abroad. Pricing is model-based: current accounts usually carry a monthly maintenance fee that varies by package and usage, with additional charges possible for branch transactions, paper statements, extra cards, or expedited services; business tariffs differ from retail and follow separate schedules. Securities and investment services are offered under the regulatory framework applicable in Germany, with custody, brokerage, and fund distribution aligned to group platforms. Deposits are protected up to 100,000 EUR per depositor under the legally recognized BVR Institutssicherung (the cooperative sector’s deposit guarantee scheme) and additionally covered by the institutional protection scheme of the cooperative financial network, which aims to prevent member bank insolvency. The bank is supervised by BaFin and the Deutsche Bundesbank and applies standard German banking compliance, reporting, and consumer protection rules. Service scope, product features, and fees are set locally and can change; prospective customers should review the current price and service schedule (Preis- und Leistungsverzeichnis), product sheets, and membership terms before opening an account or purchasing cooperative shares.