Volksbank Raesfeld und Erle e.G.

Volksbank Raesfeld und Erle e.G. is a regional cooperative bank in North Rhine-Westphalia serving private and business customers in Raesfeld, the Erle district, and the surrounding Westmünsterland area. As a member of the Volksbanken Raiffeisenbanken network, it provides standard retail and SME banking services including current accounts, savings and term deposits, domestic and SEPA payments, debit and credit cards, cash services, and financing such as mortgages and consumer loans; it also distributes group products for investments and insurance (for example Union Investment funds and R+V Versicherung) as well as building society contracts via Schwäbisch Hall and securities brokerage through the cooperative platform. Business clients typically have access to accounts, payment solutions and POS acquiring via VR Payment, working-capital and investment financing, guarantees, and advisory services. Access is via local branches and self-service devices, online banking and the VR Banking App with strong customer authentication (e.g., SecureGo plus or chipTAN); cardholders can use the cooperative BankCard ServiceNetz for nationwide cash withdrawals, and contactless and mobile payments are supported in the cooperative network, with availability depending on bank activation. The institution operates under the cooperative model, allowing customers to become members by subscribing to shares; voting rights and any dividend are determined by the general meeting and the bank’s annual results. Deposits are protected within the institutional protection scheme of the National Association of German Cooperative Banks (BVR Institutssicherung GmbH) and additionally by the voluntary BVR Sicherungseinrichtung, in line with German and EU deposit-guarantee requirements. Account models, fees, interest rates, and eligibility criteria vary by product and are set out in the bank’s schedule of prices and services; charges may apply for account packages, cash services, paper statements, or out-of-network withdrawals. Advisory and securities services are provided under applicable German regulation, including MiFID II rules on suitability and disclosure. Products and conditions can change, and availability may differ by customer profile and region, so applicants should consult the current terms and price list before opening or switching accounts.