Volksbanken Raiffeisenbanken

Volksbanken and Raiffeisenbanken are Germany's locally rooted cooperative banks, owned by their members. The banks offer accounts, payments, savings, investments and financing for individuals and businesses. Each institution operates independently within the cooperative financial network, combining a local customer relationship with services supplied by group partners.

Customers use these banks to manage everyday money, finance purchases and support business activity. Online banking and the VR Banking App provide account access and payments alongside local branches and advice. Shared services from partners such as DZ BANK help local institutions provide financial products and banking infrastructure without developing every service independently.

Cooperative banking and digital access

The Volksbanken and Raiffeisenbanken belong to their members, who can participate in the cooperative through shares and voting rights. Their financial network combines independent local institutions with specialist partners for investment, insurance and other services. This structure supports both private financial needs and the banking requirements of local businesses.

The VR Banking App and online banking let customers review balances, make transfers and manage their accounts digitally. Business accounts support the payments of companies, freelancers and self-employed customers. The relevant local bank determines its product range and conditions, and customers remain clients of that independent institution.

Account access with the VR Banking App

The VR Banking App provides balances and transfers. Selected accounts at other banks can be added through multibanking. Customers can scan invoices to put payment details into a transfer instruction.

Banking orders can be approved with VR SecureGo plus. The app accompanies contact with the local bank that holds the account.

Digital payments for businesses

A business account at a Volksbank or Raiffeisenbank supports company payments. Businesses use it to receive money, pay trading partners and run payroll. Online banking and banking software accompany personal service.

EBICS and FinTS connect the bank with company software. These electronic banking methods support payment instructions and the exchange of banking data.

Membership and shared infrastructure

Cooperative membership makes customers part-owners of their local bank. Members can hold cooperative shares and have voting rights. Each bank remains an independent institution within the financial network.

Shared technology supports digital access: Atruvia develops the VR Banking App. DZ BANK provides central services within the cooperative financial network. Local banks combine these services with their own customer relationships.

Upcoming financial technology events in Germany

DZ BANK and Finance Loop

DZ BANK is an event and network partner of Finance Loop. The bank took part in the payments panel at the Frankfurt Forum on Digital Assets & Applications. The discussion covered payment settlement on distributed ledgers.

Payments and banking technology

Are Volksbanken and Raiffeisenbanken one bank?

Volksbanken and Raiffeisenbanken are independent local cooperative banks. They belong to a shared financial network but maintain their own customer relationships and decide on their own services.

What can the VR Banking App do?

The VR Banking App supports account information, transfers and selected accounts at other banks. Customers can scan invoices and confirm orders through the relevant approval method.

What do businesses need for electronic banking?

Businesses need an account and the agreed digital access. EBICS or FinTS can be used depending on payment processes and software; the specific setup is arranged with the local bank.