Volksbank Stendal eG

Volksbank Stendal eG is a regional cooperative bank based in Stendal, Saxony-Anhalt, and part of the Volksbanken Raiffeisenbanken network. It serves retail and business customers with current and savings accounts, payments, girocard and credit card options, consumer and mortgage loans, and financing for SMEs and agriculture. Investment and insurance products are offered through group partners such as Union Investment (funds), Bausparkasse Schwäbisch Hall (building society savings), and R+V Versicherung (insurance); merchant services and POS solutions are available via VR Payment, and additional SME financing tools are accessible through VR Smart Finanz, subject to eligibility. Online banking and the VR Banking app support standard PSD2-compliant two-factor authentication via TAN procedures, alongside card-reader options; securities custody and brokerage are available for investors who require them. Customers can use the nationwide cooperative ATM network, while branch coverage focuses on the local region. As a cooperative, ownership rests with members under a one-member-one-vote principle, with oversight by a supervisory board and management board; financial reporting follows German GAAP. Volksbank Stendal eG is a licensed credit institution supervised by BaFin and the Deutsche Bundesbank. Deposits are protected by the statutory German deposit guarantee up to 100,000 euros per depositor; the cooperative institutional protection scheme of the BVR also aims to prevent insolvency of member institutions and thereby protect customer liabilities, though it is not a separate customer guarantee. Pricing typically involves monthly account maintenance fees and charges for specific services or out-of-network usage, with rates and conditions set out in the bank’s price list; lending terms depend on creditworthiness and collateral.