Meine Bank

What Meine Bank does

Meine Bank is the consumer-facing brand of Volksbank Mittelhessen eG, a German cooperative bank (eingetragene Genossenschaft) headquartered in Gießen, serving private retail customers in the Mittelhessen (Central Hesse) region of Germany. Founded as a cooperative institution with roots reaching to 1870 and consolidated through four mergers in 2024 (Raiffeisenbank im Hochtaunus eG, Volksbank Schupbach eG, Volksbank Feldatal eG, VR-Bankverein Bad Hersfeld-Rotenburg eG), the bank operates under the established Volksbanken Raiffeisenbanken cooperative framework with deposit protection through BVR Institutssicherung GmbH. Headcount is reported at 51-100 employees.

The core product portfolio consists of MEIN Girokonto (free checking account), MEIN Tagesgeld (variable savings at 2.80% p.a. promotional for 4 months on balances up to €100,000, stepping down to 1.30% p.a. thereafter), MEIN Festgeld (fixed-term deposit at 2.90% p.a. for a 5-year term), and a girocard Debit Mastercard combining German girocard and Mastercard acceptance. Additional offerings include Basiskonto (basic payment account) and Kontowechselhilfe (account switching service). Delivery is hybrid: an OnlineBanking portal, the VR Banking App, and a 24/7 KI-Chatbot for customer queries, complemented by phone support (Mon-Fri 06:00-22:00, Sat-Sun 09:00-14:00) and physical branch presence. The technology stack includes PSD2-compliant open banking APIs, strong customer authentication via the VR SecureGo plus App (PIN + device/biometric), and integrations with Mastercard Identity Check, Visa Secure, Apple Pay, and the Wero European instant payment service.

The business model is primarily net interest margin on deposit gathering and lending, supplemented by banking service fees, card interchange, and commission-based referrals for insurance products (R+V Versicherung) and consumer lending (TeamBank easyCredit). As a member-owned cooperative, governance is exercised by member-owners through a cooperative assembly structure, with profits retained for member benefit rather than distributed to outside shareholders. Marketing is concentrated on the meinebank.de website, Instagram, and Facebook channels, with a horizontal retail segmentation approach and no disclosed enterprise or SMB segment.

Name

Meine Bank

Legal name

Volksbank Mittelhessen eG

Website

https://meinebank.de

Company type

Private

Founded year

1870

Operating status

Operating

Headcount range

51–100 employees

Short description

Meine Bank (legal: Volksbank Mittelhessen eG) is a German cooperative bank offering retail banking services — checking, savings, fixed-term deposits, and payment cards — to private customers in the Mittelhessen region, distributed through digital channels, partner networks, and cooperative deposit protection.

Ownership category

akta.pro rank

Headquarters

HQ city

Bad Homburg Vor Der Höhe

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income: Traditional banking interest revenue from lending products including consumer loans, mortgages, and credit facilities
2. Deposit Taking and Savings Products: Interest paid to customers on deposits (Tagesgeld, Festgeld, Girokonto) generates revenue through lending spread
3. Banking Service Fees: Fees for account services, card transactions, transfers, and other banking services
4. Insurance Products: Commission revenue from insurance products offered through R+V Versicherung partnership
5. Consumer Lending: Revenue from consumer loans and financing products through TeamBank partnership

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Meine Bank is the consumer brand of Volksbank Mittelhessen eG, a German cooperative retail bank. It offers free current accounts (MEIN Girokonto), variable and fixed-term savings products (MEIN Tagesgeld at 2.80% p.a. for 4 months, MEIN Festgeld at 2.90% p.a. for 5 years), a girocard Debit Mastercard, consumer loans, and insurance — delivered through its OnlineBanking portal, VR Banking App, KI-Chatbot, and regional branches in the Mittelhessen region.

Product overview

MEINE BANK (Volksbank Mittelhessen eG) operates as a German cooperative bank offering a unified retail banking platform with integrated digital services. The core product portfolio consists of MEIN Girokonto (free current account), MEIN Tagesgeld (variable-rate savings, currently 2.80% p.a. for 4 months promotional period), and MEIN Festgeld (fixed-term deposits at 2.90% p.a. for 5 years). Physical and digital banking is delivered through the girocard Debit Mastercard combining German domestic and international payment networks, supported by OnlineBanking and VR Banking App for digital access. The bank also offers basic banking (Basiskonto) for customers requiring essential services and provides account switching assistance. A KI-Chatbot provides 24/7 AI-powered customer support.

Differentiator

Problem solved

Functional benefit

Products and services

• MEIN Girokonto Free current account (Girokonto) for private customers enabling all banking transactions online and access to OnlineBanking, VR Banking App, and the full range of banking services. Includes worldwide debit card use via the girocard Debit Mastercard, secure PSD2-compliant authentication, and 24/7 KI-Chatbot support.
• MEIN Tagesgeld Variable-rate savings account offering flexible access to deposits. Available as an individual or joint (Gemeinschaftskonto) account, with a promotional 2.80% p.a. interest rate for the first 4 months on balances up to €100,000, stepping down to 1.30% p.a. for amounts up to €1 million thereafter.
• MEIN Festgeld Fixed-term deposit account with a guaranteed 2.90% p.a. interest rate for a 5-year term, allowing customers to lock in a fixed return over multi-year terms of up to 5 years.
• girocard Debit Mastercard Dual-function debit card combining the German girocard domestic scheme with Mastercard international acceptance. Supports worldwide payments, cash withdrawals, and secure online shopping, including tokenized use through Apple Pay. Specific per-transaction fees are detailed in the bank's Preis- und Leistungsverzeichnis.
• OnlineBanking Internet banking platform enabling customers to manage accounts, conduct transactions, initiate payments, and access banking services online. Includes contract cancellation functionality directly within the portal and supports access management for PSD2 third-party providers.
• VR Banking App Mobile banking application for smartphones providing access to banking services, account management, and transaction authorization on the go, integrated with VR SecureGo plus App for 2-factor authentication.
• Basiskonto Basic payment account allowing transfers, cash deposits and withdrawals, and OnlineBanking access. Designed for customers requiring essential banking services pursuant to the German Payment Accounts Act (Zahlungskontengesetz).
• Kontowechselhilfe Account switching service required under the Payment Accounts Act (Zahlungskontengesetz) that helps customers transfer all standing orders and direct debits when switching to a new account at Meine Bank.
• Insurance Products (R+V Versicherung partnership) Insurance products distributed through the partner R+V Versicherung, one of the largest German insurance companies. Customers can obtain insurance products and manage related contracts through the bank's platform, with revocation administered directly via R+V.
• Consumer Loans (TeamBank easyCredit partnership) Consumer lending products distributed through partner TeamBank under the easyCredit brand. Meine Bank provides access to TeamBank's easyCredit consumer loan product through its platform, with revocation administered directly via TeamBank.

Quantifiable outcome

• 2.80% p.a. interest rate on Tagesgeld up to €100,000 for 4 months
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability2 records

Feature7 records

Partnerships

Four partnerships are on record, tiered core.

• R+V VersicherungcoreChannel Partner/ Reseller/ DistributorMeine Bank offers insurance products through its partnership with R+V Versicherung (R+V Versicherungen), one of the largest German insurance companies. Customers can obtain insurance products and manage related contracts through the bank's platform, with the option to submit contract revocations directly to R+V.
• TeamBankcoreChannel Partner/ Reseller/ DistributorPartnership with TeamBank for consumer lending products. Meine Bank provides access to TeamBank's easyCredit consumer loan product through its platform. Contract revocations for these products can be submitted directly through TeamBank's website.
• BVR Institutssicherung GmbHcoreStrategic or Co-development PartnerMeine Bank is affiliated with BVR Institutssicherung GmbH (BVR Institute Security GmbH), the official institutional protection scheme for German cooperative banks (Volksbanken und Raiffeisenbanken). This provides deposit protection for customers.
• Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR)coreStrategic or Co-development PartnerVoluntary security facility of the German Cooperative Banking Association (BVR). Meine Bank participates in this dual security system alongside BVR Institutssicherung GmbH for enhanced customer deposit protection.

Scale indicators2 records

Expansion highlights4 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/meinebank.de
• Instagraminstagram.com/meinebank.de
• LinkedInlinkedin.com/company/meinebank-de

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Meine Bank