PSD Bank Hannover

What PSD Bank Hannover does

PSD Bank Hannover eG is a German cooperative direct bank (eingetragene Genossenschaft) headquartered in Hannover, serving private retail customers across Lower Saxony and Northern Germany following a planned 2026 merger with PSD Bank Nord eG. The bank operates a hybrid distribution model: digital self-service via PSD OnlineBanking (multi-platform desktop and mobile) and the PSD BankingApp (iOS/Android), combined with in-person advisory at one customer center and three regional advisory offices (Beratungsbüros) plus Videoberatung. Its product suite spans savings (Tagesgeld at 0.000% p.a. variable, Festgeld), mortgage financing (Baufinanzierung via partner Münchener Hypothekenbank and Bausparkasse Schwäbisch Hall, including Annuitätendarlehen, Forward-Darlehen, and Modernisierungskredit), current accounts, investment products (MeinInvest sustainable investing from €25 monthly, Gold/Silber precious metals), and insurance referrals (R+V, Allianz, VKB).

Underlying technology is delivered through Atruvia AG, the shared IT service provider for the Genossenschaftliche FinanzGruppe, which powers the PSD OnlineBanking platform, the PSD BankingApp, and the TAN-App SecureGo plus authentication utility with biometric and push-TAN capabilities. The bank does not develop its own core banking infrastructure; differentiation sits in member-facing experience, cooperative brand positioning, and partner referral orchestration.

The bank makes money primarily through interest income on retail mortgage and consumer lending to members, supplemented by account/service fees and partner referral commissions. Pricing on retail deposits is currently non-remunerative (Tagesgeld 0.000%), and the member-ownership model prioritizes cooperative benefit over profit maximization. Customers must hold cooperative membership (Mitgliedschaft) to access the product suite. Marketing leverages the Verband der PSD Banken "Normale Bank" group campaign, regional sponsorships (including EC Hannover Indians Premium Partner), and digital channels, with the bank's 2026 merger positioned as the central strategic event.

Name

PSD Bank Hannover

Legal name

PSD Bank Hannover eG

Website

https://psd-hannover.de

Company type

Private

Founded year

1872

Operating status

Operating

Headcount range

101–250 employees

Short description

PSD Bank Hannover eG is a German cooperative direct bank (eingetragene Genossenschaft) serving retail customers in Lower Saxony and Northern Germany via digital banking channels, one customer center, and three advisory offices, with a 2026 merger into PSD Bank Nord pending.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (522130), Finance and Insurance (52)

SIC

State Commercial Banks (6022), Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Account Opening, KYC/AML & Customer Due Diligence (CDD/EDD) (FSABALAA)

akta.pro secondary industry

Reconciliations, Controls & Financial Operations (GL, Nostro/Vostro, Suspense) (FSABALAI)

Keywords

• Retail banking services
• Cooperative banking
• Savings products
• Mortgage financing
• Digital banking

Headquarters

HQ city

Hanover

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: As a cooperative bank (Genossenschaftsbank), the primary revenue stream comes from interest earned on mortgage loans (Baufinanzierung), personal loans, and credit facilities extended to members and customers.
2. Account and Service Fees: Fees from account management, transaction processing, and banking services offered to members.
3. Digital Banking Services: Revenue from digital-only services including Tagesgeld, Festgeld, and MeinInvest offerings available through the PSD OnlineBanking platform.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

PSD Bank Hannover eG is a cooperative direct bank offering retail banking products including Tagesgeld and Festgeld savings accounts, Baufinanzierung (real estate financing), Bausparvertrag building savings contracts, MeinInvest sustainable investments, gold and silver precious metals, and cooperative membership. Products are offered exclusively to members and delivered through the PSD OnlineBanking platform, PSD BankingApp, one customer center, and three advisory offices across the Hannover and Northern Germany region.

Product overview

PSD Bank Hannover eG is a cooperative direct bank offering a comprehensive suite of banking products through multiple service channels including PSD OnlineBanking, PSD BankingApp, in-person consultation, and video advisory services. The product portfolio spans savings products (Tagesgeld, Festgeld, Sparen), real estate financing (Baufinanzierung including Annuitatendarlehen, Forward-Darlehen, Modernisierungskredit), cooperative membership, property search services, and sustainable investment options (MeinInvest). Supporting infrastructure includes the TAN-App SecureGo plus for secure transaction authorization, Bausparvertrag through partner Bausparkasse Schwabisch Hall, and gold/silver precious metals investment. The bank operates with a cooperative model where members actively participate in governance.

Differentiator

Problem solved

Functional benefit

Products and services

• Tagesgeld Flexible savings account allowing unlimited deposits and withdrawals at any time with variable interest rates, designed for retail customers building savings.
• Festgeld Fixed-term savings product offering guaranteed interest rates with no fluctuations during the agreed investment period, for retail customers seeking predictable returns.
• Baufinanzierung Comprehensive real estate financing solutions including annuity loans, forward loans, interest-only loans, and instant financing for residential property purchases, delivered via partner Bausparkasse Schwäbisch Hall and Münchener Hypothekenbank eG.
• Modernisierungskredit Credit product for home renovation, age-appropriate conversion, or energy-efficient modernization, potentially combined with government subsidies and KfW promotional loans.
• Bausparvertrag Building savings contract offered in partnership with Bausparkasse Schwäbisch Hall, featuring 1.95% effective annual interest on loans and access to government subsidies including Wohnungsbauprämie, Arbeitnehmersparzulage, and Riester-Förderung.
• PSD OnlineBanking Digital banking platform allowing customers to manage accounts, perform transfers, view digital statements, and aggregate multi-bank accounts from any device with internet access.
• PSD BankingApp Mobile banking application for iOS and Android that enables customers to manage accounts, deposits, and contracts digitally.
• TAN-App SecureGo plus Mobile authentication app for authorizing bank transactions via QR code scanning, supporting online banking and credit card payments with biometric and push notification authentication.
• MeinInvest Sustainable investment product available from 25 EUR monthly, offering contemporary and responsible investment options for retail customers.
• Gold und Silber Precious metals investment product allowing secure online purchase of gold and silver, with gold sold free of VAT.
• Immobiliensuche Property search service helping customers find real estate in the Hannover region as part of the Baufinanzierung offering.
• Mitgliedschaft Cooperative membership enabling customers to actively participate in shaping the bank and benefit from its financial services; required to access the product portfolio.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Bausparkasse Schwäbisch HallcoreStrategic or Co-development PartnerSchwäbisch Hall is Germany's largest Bausparkasse (building society) with around 6.5 million customers. PSD Bank Hannover eG offers Bausparvertrag products in partnership with Schwäbisch Hall, providing state-subsidized home savings and loan products including the FuchsImmo, FuchsEco, FuchsStart, and FuchsSpar tariff families. The partnership supports the bank's Baufinanzierung and Immobilienfinanzierung offerings.
• R+V VersicherungminorStrategic or Co-development PartnerR+V Versicherung is one of Germany's largest insurers with over 9 million customers, 18,400 employees, and approximately 26 million insured risks. PSD Bank Hannover eG refers customers for insurance products through this partnership as part of its comprehensive financial services offering.
• Münchener Hypothekenbank eGcoreStrategic or Co-development PartnerMünchener Hypothekenbank eG is a national and international real estate bank and close partner of cooperative banks (Genossenschaftsbanken) for residential and commercial real estate financing. This partnership supports PSD Bank Hannover's Baufinanzierung products.
• AllianzminorChannel Partner/ Reseller/ DistributorAllianz is a major insurance provider. PSD Bank Hannover eG offers Allianz insurance products through its platform, allowing customers to access insurance via the bank's website and partner links.
• TeamBankminorChannel Partner/ Reseller/ DistributorTeamBank is a direct bank specializing in installment loans (Ratenkredite). PSD Bank Hannover eG refers customers for TeamBank credit products through its platform.
• Union InvestmentminorChannel Partner/ Reseller/ DistributorUnion Investment is a leading German investment fund company. PSD Bank Hannover eG offers Union Investment products to its customers as part of its investment and savings offerings.
• VKB – Versicherungskammer BayernminorChannel Partner/ Reseller/ DistributorVKB is a public insurer (Versicherungskammer) offering insurance products. PSD Bank Hannover eG provides access to VKB insurance through its partner platform.
• GENO BrokerminorChannel Partner/ Reseller/ DistributorGENO Broker is a financial services broker platform. PSD Bank Hannover eG offers GENO Broker services through its partner link for customers seeking additional brokerage services.
• Atruvia AGcoreTechnology or IntegrationAtruvia AG is the IT service provider for the Genossenschaftliche FinanzGruppe (cooperative financial group), serving around 750 Volksbanken and Raiffeisenbanken in Germany. PSD Bank Hannover eG relies on Atruvia AG for core banking IT infrastructure, the PSD OnlineBanking platform, and the TAN-App SecureGo plus authentication technology.
• EC Hannover IndiansminorGTM or Marketing PartnerPSD Bank Hannover eG is a Premium Partner (Premium-Partner) of the EC Hannover Indians, a regional ice hockey club. This sponsorship represents the bank's community engagement and regional marketing presence in the Hannover area.

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• PSD Bank Nord eG: Adjacent PSD cooperative bank headquartered in Hamburg and currently announced as the merger partner of PSD Bank Hannover eG. Operates the same product suite, member-owned governance, and Atruvia infrastructure across Northern Germany.
• PSD Bank Berlin-Brandenburg eG: Fellow PSD cooperative bank serving Berlin and Brandenburg under the Verband der PSD Banken with the same product set (Tagesgeld, Baufinanzierung, Bausparen via Schwäbisch Hall) and identical Atruvia IT stack. Directly comparable franchise model and customer segments.
• PSD Bank München eG: PSD cooperative bank headquartered in Munich serving Bavaria with identical product positioning (Baufinanzierung, Tagesgeld, Festgeld, Bausparen) and member-driven distribution. Strong structural and operational comparability.
• PSD Bank Westfalen-Lippe eG: PSD cooperative bank serving Westfalen-Lippe within the Verband der PSD Banken, operating the same cooperative membership model, product portfolio, and Atruvia IT infrastructure. Direct structural peer.
• BBBank eG: German cooperative bank headquartered in Karlsruhe with a public-sector employee membership base, offering Tagesgeld, Baufinanzierung, and insurance partnerships. Closely comparable cooperative retail banking franchise.
• Volkswagen Bank GmbH: Direct-bank subsidiary of Volkswagen Financial Services offering retail deposits, savings, and consumer credit with a digital channel similar to PSD Bank Hannover. Comparable size and target segment within German retail banking.
• Sparda-Bank Hamburg eG: German cooperative retail bank serving Northern Germany with a member-owned structure similar to PSD Bank Hannover, focused on retail deposits, mortgage brokerage, and digital banking. Comparable business model and target customer.
• PSD Bank Rhein-Ruhr eG: PSD cooperative bank covering the Rhein-Ruhr metropolitan area under the same Verband der PSD Banken umbrella, offering the same cooperative retail banking and Baufinanzierung products. Direct franchise-model peer.

Broad incumbents

• DKB AG (Deutsche Kreditbank): Major German direct bank owned by BayernLB, offering retail deposits, brokerage, mortgages, and consumer lending via a digital-first channel. Overlaps directly with PSD Bank Hannover on Tagesgeld and online Baufinanzierung.
• ING-DiBa AG: Germany's largest direct bank with a national retail franchise in Tagesgeld, brokerage, mortgages, and consumer credit. Competes head-to-head with PSD Bank Hannover in digital savings and Baufinanzierung but at materially greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/psdhannover
• LinkedInlinkedin.com/company/psd-bank-hannover-eg

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 PSD Bank Hannover