Volksbank Eutin Raiffeisenbank eingetragene Genossenschaft

Volksbank Eutin Raiffeisenbank eingetragene Genossenschaft is a regional cooperative bank serving private and business customers in and around Eutin, operating under the Genossenschaft model in which clients can acquire membership shares with voting rights and potential dividend distributions subject to annual results. The bank offers standard German retail products including current accounts with tiered pricing, youth and student accounts, savings and term deposits, overdraft facilities, consumer loans, mortgages, and securities custody, as well as business accounts, payment solutions, POS terminals, working capital and investment financing, and advisory for SMEs and agricultural clients. Investment and insurance services are typically provided through the cooperative financial network (e.g., Union Investment funds, Bausparen via Schwäbisch Hall, and insurance via R+V), with product availability depending on individual suitability and regulatory requirements. Payment instruments generally include a girocard for domestic use and optional Visa or Mastercard credit or debit cards; contactless payments are supported, and mobile wallets such as Apple Pay or Google Pay may be available for eligible cards. Cash services are accessible via the BankCard ServiceNetz ATMs of the cooperative group; withdrawals at third‑party ATMs can incur fees. Digital banking is provided through online banking and the VR Banking App, with two‑factor authentication methods (e.g., app‑based TAN or chip/photo TAN); business clients typically have access to FinTS/HBCI and, where needed, EBICS. Transfers within SEPA, standing orders, and (if activated) SEPA Instant are supported; international transfers outside SEPA are possible via correspondent banks and involve additional fees and FX spreads. Pricing follows the published Preis- und Leistungsverzeichnis and generally includes monthly account maintenance charges, card fees, transaction fees for manual or paper instructions, and variable overdraft and credit interest rates; conditions are individualized for lending. Account opening usually requires standard KYC (valid ID, proof of address, tax details) and can be completed in branch or via VideoIdent/PostIdent where offered; primary service language is German and the bank focuses on customers within its regional footprint. Deposits are covered by the institutional protection scheme of the National Association of German Cooperative Banks (BVR), with BVR Institutssicherung GmbH recognized as the statutory deposit guarantee scheme providing protection up to 100,000 EUR per depositor; the institutional scheme is designed to prevent bank insolvency of affiliated institutions. The bank is subject to German regulation and supervision by BaFin and the Deutsche Bundesbank. Potential customers should review current fees, interest rates, and product terms on the bank’s website and in the schedule of prices and services, as conditions can change and may vary by customer profile.