What PSD Bank München does

PSD Bank München eG is a member-owned cooperative bank (eingetragene Genossenschaft) headquartered in Augsburg, Germany, serving private individual consumers in Germany. Founded in 1936 and operating with 101-250 employees, the bank is part of the broader PSD Bank Group and the Genossenschaftliche FinanzGruppe, with no external parent or institutional shareholders. Its business spans a full retail banking stack: transaction accounts (PSD GiroSmart, girocard, DirectDebit Visa Card), credit cards (Visa Classic, Visa Gold), savings and investment products (TagesGeld, TerminGeld, SparBrief, WachstumsSparen, SparDirekt, Safe+Smart), lending (PrivatKredit, BauGeld, UmschuldungsKredit, easyCredit via TeamBank), insurance (via R+V Versicherung), brokerage (via Union Investment and GENO Broker), building savings (via Schwäbisch Hall), precious metals (via ReiseBank), and rental deposit accounts (PSD MietKaution).

The bank's underlying technology is a conventional digital retail banking platform. PSD OnlineBanking provides web-based account access with a 10-year electronic document archive, complemented by a PSD Banking-App for mobile access. Newer digital services include Video-Legitimation (online identity verification), Digitaler Kontowechsel-Service (digital account switching), and Online-Unterschrift (e-signature). The cooperative model is central to its positioning: members hold ownership shares, vote on the board, supervisory board, and profit allocation, and the bank distributes approximately 300,000 EUR per year to charitable organizations and clubs in the region.

Revenue mechanics are diversified across net interest income on loans and deposits, card and account fees (e.g., 30 EUR/year Visa Classic, 4.75 EUR/month GiroSmart for non-qualifying customers, one-time 69 EUR MietKaution fee), interchange, and partner-driven distribution commissions on insurance, brokerage, Bausparen, and credit products. GTM is primarily digital self-service via the website and online banking, with limited disclosed physical distribution. As a cooperative, the bank has no external shareholders, no funding rounds, and does not disclose conventional equity-style metrics; growth is funded via retained earnings and member capital.

Name

PSD Bank München

Legal name

PSD Bank München eG

Website

https://psd-muenchen.de

Company type

Private

Founded year

1936

Operating status

Operating

Headcount range

101–250 employees

Short description

PSD Bank München eG is a member-owned German cooperative bank in Augsburg serving private retail customers with accounts, savings, loans, mortgages, cards, and insurance distributed digitally.

Ownership category

akta.pro rank

Headquarters

HQ city

Augsburg

HQ country

Germany

HQ region

Europe

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Pricing tiers

Distribution channels1 record

Marketing channels1 record

Core offering

PSD Bank München eG is a regional cooperative retail bank offering transactional accounts (giro/salary accounts), savings and investment products, personal and construction loans, credit and debit cards, a rental deposit account, and partner-distributed insurance, Bausparen, installment credit, and precious metals products to private customers in Germany. Banking services are delivered primarily through PSD OnlineBanking, a mobile banking app, and the bank's website, with cooperative membership giving customers ownership and governance rights.

Product overview

PSD Bank München eG is a cooperative bank offering a comprehensive portfolio of banking products and services organized as a unified platform with multiple product categories. The core offerings include transaction accounts (PSD GiroSmart, PSD DirectDebit Visa Card, PSD girocard), savings products (PSD TagesGeld, PSD TerminGeld, PSD WachstumsSparen, PSD SparDirekt, PSD SparBrief, Safe+Smart), credit products (PSD PrivatKredit, PSD UmschuldungsKredit, PSD BauGeld, easyCredit), insurance products (Unfallversicherung, Auslandsreise-Krankenversicherung, Risikolebensversicherung via R+V), and specialized services (PSD MietKaution, Edelmetalle via ReiseBank, Bausparen via Schwäbisch Hall). Digital services include PSD OnlineBanking, PSD Banking-App, Video-Legitimation, Elektronisches Postfach, Online-Unterschrift, TelefonBanking, and UnterlagenUpload. The bank operates as a cooperative (Genossenschaftsbank) with a membership model allowing customer participation in governance.

Differentiator

Problem solved

Functional benefit

Brands

• PSD GiroSmart: Free salary account with various banking services
• PSD TagesGeld
• PSD TerminGeld
• PSD SparBrief
• PSD WachstumsSparen
• PSD SparDirekt
• PSD Visa Card Classic
• PSD Visa Card Gold
• PSD PrivatKredit
• PSD BauGeld
• PSD UmschuldungsKredit
• PSD MietKaution
• Safe+Smart
• easyCredit
• PSD DirectDebit Visa Card

Products and services

• PSD GiroSmart Free salary/giro account with bundled PSD DirectDebit Visa Card for customers aged 18-27 or with monthly income of at least 700 EUR; otherwise 4.75 Euro/month.
• PSD TagesGeld Flexible daily money savings account with interest rates between 0.00% and 1.300% and minimum deposits between 1 and 5,000 EUR.
• PSD TerminGeld Fixed-term deposit with guaranteed interest rates, available in 180 or 360 day terms, minimum 5,000 EUR.
• PSD WachstumsSparen Growth savings product with rates starting from 1.400%, requiring a PSD SparDirekt, PSD GiroSmart, or PSD TagesGeld account.
• PSD SparDirekt Direct savings account with 0.001% interest rate and minimum deposit of 1 EUR; offers 10 EUR bonus for newborns upon account opening.
• PSD SparBrief Savings bond product with minimum 500 EUR investment, fixed interest rates, and terms of 2 to 5 years with rates starting from 2.000%.
• PSD BauGeld Construction financing/mortgage product enabling online calculation of home financing options.
• PSD PrivatKredit Personal loan for vacation, home furnishing, or refinancing expensive loans; amounts from 15,000 EUR, terms 12-120 months, online closable with interest rates from 6.35%.
• PSD UmschuldungsKredit Refinancing credit allowing rate reduction and interest savings with ability to secure favorable conditions up to 24 months in advance.
• PSD MietKaution Rental deposit account with one-time fee of 69 EUR, valid for the duration of the rental contract, with refund upon proper termination.
• PSD Visa Card Classic Credit card with 30 EUR annual fee, secure cashless and contactless payment including smartphone payments, with Visa Secure security procedure.
• PSD Visa Card Gold

Segments2 records

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered minor.

• GENO BrokerminorChannel Partner/ Reseller/ DistributorPartnership for brokerage services. Contracts with GENO Broker can be revoked through the provided GENO Broker portal.
• R+V VersicherungminorChannel Partner/ Reseller/ DistributorInsurance products partner offering travel health insurance (R+V FernWeh) and risk life insurance (R+V-Risikolebensversicherung). Contracts can be revoked through R+V Versicherung portal.
• TeamBankminorChannel Partner/ Reseller/ DistributorPartner for easyCredit installment credit product. Contracts can be revoked through TeamBank's easyCredit portal.
• Union InvestmentminorChannel Partner/ Reseller/ DistributorInvestment products partner. Contracts can be revoked through Union Investment portal.
• ReiseBankminorChannel Partner/ Reseller/ DistributorReiseBank is a 100% subsidiary of DZ BANK AG and part of the Genossenschaftliche FinanzGruppe. Specializes in precious metals, travel payment instruments, bank ATMs, and worldwide cash transfers. Partner for gold and silver bullion and coins sales to PSD Bank customers.
• Schwäbisch HallminorChannel Partner/ Reseller/ DistributorBuilding savings (Bausparen) partner providing building savings contracts for customers wanting to build, renovate, or purchase property.

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• ING Deutschland: Major German retail/direct bank offering giro accounts, savings, mortgages, and consumer credit. Comparable product mix and German retail customer base, though significantly larger and not cooperatively owned.

Direct peers

• BBBank: German cooperative retail bank (Badische Beamtenbank) offering giro accounts, savings, mortgages, and consumer credit. Comparable due to cooperative ownership model and similar consumer banking product set.
• DKB (Deutsche Kreditbank): Large German online/direct bank within the cooperative financial network offering giro accounts, cards, loans, and mortgages. Comparable scale aspiration and digital-first retail banking model.
• Sparda-Bank München: Cooperatively organized retail bank headquartered in Munich serving private customers in the same Bavarian region. Closest direct peer given overlapping geography, cooperative structure, and retail customer focus.
• Volksbanken Raiffeisenbanken (cooperative banking group): Federation of German cooperative banks (same Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken). Closely comparable model — member-owned, regional retail banks — and shares parts of the cooperative infrastructure ecosystem.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 München