VR-Bank Mittelfranken Mitte eG products, services and reviews

About VR-Bank Mittelfranken Mitte eG

VR-Bank Mittelfranken Mitte eG is a regional cooperative bank in Bavaria’s Middle Franconia operating within the Volksbanken Raiffeisenbanken group, offering retail and business banking such as current accounts (Girokonten), savings products, time deposits, consumer loans, mortgages, and financing for SMEs, freelancers, associations, and agriculture. The product set typically extends via cooperative group partners to investment funds (Union Investment), building society savings and home finance (Bausparkasse Schwäbisch Hall), insurance (R+V), securities brokerage and custody, and merchant services and e-commerce acquiring (VR Payment). Payments coverage includes girocard and optional credit or prepaid cards issued through the group, contactless functionality, and cash withdrawals via the cooperative BankCard ServiceNetz; card features, mobile wallet compatibility, and charges depend on the selected package. Digital access is provided through online banking and the VR Banking app with PSD2-compliant two-factor authentication (e.g., app-based TAN and chipTAN), supporting transfers, standing orders, card controls, documents, and securities trading where enabled. As a registered cooperative (eG), customers can purchase membership shares, gaining voting rights and potential dividend distributions subject to results and bylaws. Pricing generally follows tiered account packages with monthly maintenance fees and separate charges for items such as additional cards, out-of-network ATM withdrawals, and paper statements; business accounts are priced individually. Accounts are in euro, with SEPA and international (SWIFT) transfers available; foreign currency services, if offered, are typically limited and channeled via designated desks. Deposits are protected by the institutional protection scheme of the National Association of German Cooperative Banks (BVR Sicherungseinrichtung) and the statutory deposit guarantee up to 100,000 euros per depositor; the bank is supervised by BaFin and the Deutsche Bundesbank. Branches and self-service terminals are concentrated in its Middle Franconia catchment area, with service hours, appointment options, and identification procedures varying by location. Fees, rates, and product availability change over time and can differ by customer profile, so consulting the current price list and product information before onboarding is necessary.