PSD Bank Nürnberg eG

What PSD Bank Nürnberg eG does

PSD Bank Nürnberg eG is a German retail cooperative bank (eingetragene Genossenschaft) founded in 1936 and headquartered at Willy-Brandt-Platz 8, 90402 Nürnberg, serving private customers across Bavaria and Germany. The bank employs approximately 100 people and operates a hybrid distribution model combining a single physical branch in Nürnberg with self-service digital channels including the PSD OnlineBanking web portal, the PSD BankingApp mobile application (iOS/Android with biometric authentication), a WhatsApp banking and newsletter service, and an online appointment booking system. It offers a full retail banking suite — multiple checking account variants (GiroDirekt, GiroKlassik, GiroDepot, BauGirokonto, and three JugendGiro youth variants), savings and investment products (FestGeld, TagesGeld Online, WachstumsSparen, PSD Brokerage, MeinInvest, VermögenPlus, Investitionsplan/Investitionsplan V+), construction financing (PSD Bauzinsen) sourced through a network of over 400 partner institutions, insurance distribution, and a lottery-linked savings product (PSD Gewinnsparen).

The bank's technology stack is built on the Atruvia AG core banking platform, with a PSD2-compliant XS2A interface based on the Berlin Group NextGen specification that has been in productive operation since June 14, 2019. All customer-facing digital assets, product imagery, and the OnlineBanking portal are operated through Atruvia's infrastructure and content delivery network. The cooperative membership model (PSD Mitgliedschaft) is the central differentiator: members own the bank, receive annual dividends on Geschäftsanteile, accumulate MitgliederBonus points redeemable at 50 cents each, hold voting rights at the Generalversammlung regardless of share count, and access exclusive partner discounts (10% at Berge & Meer travel, 10% at Jochen Schweizer experiences, R+V insurance advantages).

Revenue is generated through net interest margin on retail lending (mortgages via 400+ partners, consumer credit via TeamBank/easyCredit, €500 instant overdraft facilities), recurring monthly account maintenance and transaction fees on GiroDirekt/GiroKlassik/JugendGiro/Basiskonto products, transaction-based brokerage fees on PSD Brokerage and Union Investment fund distribution, and commission on tied R+V Versicherung insurance sales under §34d Abs. 7 GewO. The bank is affiliated with the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) and benefits from dual deposit protection via the BVR Sicherungseinrichtung and BVR Institutssicherung GmbH. No funding rounds, M&A, or external equity ownership are present; no financial figures are publicly disclosed.

Name

PSD Bank Nürnberg eG

Legal name

PSD Bank Nürnberg eG

Website

https://psd-nuernberg.de

Company type

Private

Founded year

1947

Operating status

Operating

Headcount range

51–100 employees

Short description

PSD Bank Nürnberg eG is a German cooperative retail bank headquartered in Nürnberg, serving private customers in Bavaria with checking, savings, investment, mortgage, and insurance products through one branch and digital channels.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218), Credit Unions (522130), Open-End Investment Funds (52591)

SIC

National Commercial Banks (6021), State Commercial Banks (6022)

akta.pro primary industry

Deposit Operations (Account Maintenance, Fees, Reconciliations) (FSABALAE)

akta.pro secondary industry

Loan Operations & Servicing (Consumer/SME/Corporate) (FSABALAD)

Keywords

• Retail banking services
• Cooperative banking
• Mortgage lending
• Savings products
• Consumer credit

Headquarters

HQ city

Nürnberg

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, Others

Revenue model

1. Interest Income: As a cooperative retail bank, PSD Bank Nürnberg generates primary revenue from interest margin — lending to retail customers (mortgages, consumer credit, overdraft facilities) at spreads above its cost of funds. The bank offers mortgage products (PSB Bauzinsen) through over 400 partner institutions.
2. Account & Payment Services Fees: Monthly account maintenance fees, transaction fees, and card-related charges for retail banking products including PSD GiroDirekt, PSD GiroKlassik, PSD JugendGiro, and Basiskonto. Pre-contractual fee information (VVE) is publicly disclosed for all account products.
3. Insurance Distribution (Versicherungsvertrieb): PSD Bank Nürnberg operates as a tied insurance agent (gebundener Versicherungsvertreter) under §34d Abs. 7 GewO for R+V Versicherung products, earning commission on insurance product sales. The bank also offers exclusive member discounts (e.g., 10% at Berge & Meer, 10% at Jochen Schweizer) suggesting affiliate/referral revenue from partner programs.
4. Securities & Investment Products: Brokerage services (PSD Brokerage) for securities trading, investment plans (PSD Investitionsplan, MeinInvest, VermögenPlus), and fund distribution including partnership with Union Investment Service Bank AG. Qualitätsberichte from DZ BANK for 2018-2022 are referenced.
5. Bausparprodukte & Förderdarlehen: Building society and subsidized loan products, including cooperative housing finance offerings. Schwäbisch Hall is referenced as a partner for housing finance.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

PSD Bank Nürnberg eG is a cooperative retail bank that provides checking accounts (GiroDirekt, GiroKlassik, JugendGiro variants, BauGirokonto, Basiskonto), savings and investment products (FestGeld, TagesGeld Online, WachstumsSparen, Investitionsplan, MeinInvest, VermögenPlus, Gewinnsparen), construction financing (Bauzinsen via 400+ partners), securities brokerage, and tied insurance agency services (R+V Versicherung) to retail customers in the Nürnberg/Bavaria region. The bank operates as a member-owned cooperative (eG) under the genossenschaftliche Bankengruppe affiliated with BVR, offering membership benefits including annual dividends, voting rights, and exclusive partner discounts.

Product overview

PSD Bank Nürnberg eG is a cooperative bank (eingetragene Genossenschaft) offering a comprehensive portfolio of retail banking products and services. The core offering centers on multiple checking account variants (GiroDirekt, GiroKlassik, GiroDepot, BauGirokonto) serving different customer segments including children, teenagers, young adults, and general retail customers. Savings and investment products include PSD FestGeld (fixed-term deposit), PSD TagesGeld Online (daily deposit), PSD WachstumsSparen (growth savings), PSD Brokerage (securities trading), MeinInvest (digital investing), VermögenPlus (wealth building), and PSD Investitionsplan/Investitionsplan V+ (systematic investment plans). Construction financing is offered through PSD Bauzinsen with access to over 400 partner institutions. The bank operates primarily through digital channels including PSD OnlineBanking (web portal) and PSD BankingApp (mobile), with contract management and revocation services available digitally. The cooperative membership program (PSD Mitgliedschaft) provides members with voting rights, annual dividends, bonus point rewards, and exclusive partner discounts.

Differentiator

Problem solved

Functional benefit

Brands

• PSD GiroDirekt: A checking account product with affordable maintenance, 500 EUR instant overdraft, and free cash withdrawals.
• PSD FestGeld
• PSD Bauzinsen
• PSD BankingApp
• PSD OnlineBanking
• PSD HerzTour

Products and services

• PSD GiroDirekt Standard checking account (Girokonto) for retail customers with affordable account management, a 500 euro immediate overdraft facility (Sofort-Dispo), and free cash withdrawals. Targeted at general retail banking customers seeking everyday banking.
• PSD GiroKlassik Classic checking account product variant with traditional banking features including debit card issuance and standard account maintenance fee schedule (separate Entgeltinformation PDF).
• PSD BauGirokonto A dedicated checking account tailored for construction financing customers, supporting the administration of mortgage and building society transactions.
• PSD JugendGiro Young Checking account designed for young customers with age-appropriate features and conditions, including a separate VVE document for the account variant.
• PSD JugendGiro Cash Youth checking account variant focused on cash management for young account holders, with separate VVE documents and tailored fee structures.
• PSD JugendGiro Checking account product line for children and teenagers, covering the broader JugendGiro family with age-tiered conditions.
• Basiskonto Legally mandated basic payment account (Basiskonto) for all consumers, fulfilling the statutory right to a basic payment account regardless of creditworthiness. Includes account switching assistance (Kontenwechselhilfe).
• PSD FestGeld Fixed-term savings deposit with a guaranteed interest rate for the agreed investment period, protecting against interest rate fluctuations during the contract term.
• PSD TagesGeld Online Online-accessible daily deposit account (Tagesgeld) for flexible savings with variable interest rates, providing same-day liquidity.
• PSD WachstumsSparen Growth-oriented savings product with progressive interest rates designed to incentivize longer holding periods.
• PSD Gewinnsparen A lottery-linked savings product (Gewinnsparen) combining regular savings deposits with the chance to win prizes.
• PSD Bauzinsen (Construction Financing) Construction financing (Baufinanzierung) with competitive interest rates sourced through a network of over 400 partner institutions, including access to subsidized government-backed loans (Förderdarlehen). Rates are calculated via an online Zinsrechner tool.
• PSD GiroDepot A securities custody account (Depot) for holding and managing investments in securities, paired with the giro account for transaction settlement.
• PSD Brokerage Securities trading and brokerage services enabling retail customers to buy and sell financial instruments, with Union Investment fund distribution supported.
• PSD Investitionsplan (V+) A systematic investment savings plan (with an enhanced V+ variant) enabling regular, automated investment in financial markets.
• MeinInvest A digital investment service enabling systematic investing in securities portfolios, supporting automated investment strategies for retail customers.
• VermögenPlus A wealth accumulation product for building financial assets, positioned as an asset-building solution for retail customers.
• PSD Mitgliedschaft (Cooperative Membership) Cooperative membership program offering annual dividends on business shares (Geschäftsanteile), voting rights at the Generalversammlung, MitgliederBonus program (50 cents per BonusPunkt), exclusive partner discounts (10% at Berge & Meer, 10% at Jochen Schweizer, R+V insurance advantages), and engagement in regional community initiatives.
• Insurance Distribution via R+V Versicherung Insurance distribution as a tied insurance agent (gebundener Versicherungsvertreter under §34d Abs. 7 GewO) for R+V Versicherung, offering home, liability, legal protection, and vehicle insurance products to retail customers. Supervisory authority: IHK für München und Oberbayern. Registration: D-R3Y6-01UR4-51.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• Berge & MeerminorGTM or Marketing PartnerTravel partner offering exclusive 10% discount to PSD Bank Nürnberg members as part of the MitgliederBonus program. Members access discounted travel packages and experiences through the member portal.
• Jochen SchweizerminorGTM or Marketing PartnerExperience/adventure partner offering 10% discount on Erlebnisse (experience vouchers and activities) to PSD Bank Nürnberg members. Integrated into the member benefits program.
• R+V VersicherungcoreChannel Partner/ Reseller/ DistributorPrimary insurance partner for PSD Bank Nürnberg. The bank operates as a tied insurance agent (gebundener Versicherungsvertreter) per §34d Abs. 7 GewO, offering R+V insurance products (home, liability, legal protection, vehicle) to retail customers. Members receive insurance advantages. Supervisory authority: IHK für München und Oberbayern. Registration: D-R3Y6-01UR4-51.
• Schwäbisch HallminorChannel Partner/ Reseller/ DistributorBuilding society and housing finance partner. PSD Bank Nürnberg facilitates contract management and cancellation services for Schwäbisch Hall products through its digital banking platform, enabling customers to manage Bauspar contracts.
• TeamBank (easyCredit)minorChannel Partner/ Reseller/ DistributorConsumer credit partner. PSD Bank Nürnberg provides contract cancellation support for TeamBank's easyCredit installment loan product through its digital platform, enabling customers to manage consumer credit arrangements.
• GENO BrokerminorChannel Partner/ Reseller/ DistributorFinancial services broker partner. PSD Bank Nürnberg offers contract cancellation functionality for GENO Broker products through its digital banking platform, allowing customers to manage brokered financial products.
• Atruvia AGcoreTechnology or IntegrationPrimary technology and IT infrastructure partner for PSD Bank Nürnberg. Atruvia AG provides the core banking platform, PSD2 XS2A interface implementation (Berlin Group NextGen specification), and digital banking technology. All product images and documents are hosted on Atruvia's scene7.com content delivery network. The bank's online services, OnlineBanking portal, and technical infrastructure are operated through Atruvia.
• Union Investment Service Bank AGminorChannel Partner/ Reseller/ DistributorInvestment fund partner for securities and investment product distribution. PSD Bank Nürnberg offers Union Investment funds through its brokerage services (PSD Brokerage). AGB Union Investment Service Bank AG is referenced in the bank's terms and conditions documentation.
• BVR Sicherungseinrichtung / BVR Institutssicherung GmbHcoreStrategic or Co-development PartnerInstitutional deposit protection partners within the genossenschaftliche Bankengruppe (cooperative banking group). Both BVR Sicherungseinrichtung (operational for over 80 years) and BVR Institutssicherung GmbH (established July 2015 per EU deposit insurance directive) protect all customer deposits without limit. PSD Bank Nürnberg is affiliated with both systems. No customer of any affiliated bank has ever suffered a deposit loss.
• DZ BANKminorStrategic or Co-development PartnerQuality report (Qualitätsbericht) publisher referenced for securities products. DZ BANK AG publishes annual quality reports (2018-2022) referenced in the bank's mandatory disclosures under EU Prospectus Regulation.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• ING Germany: Large direct bank offering retail checking accounts, mortgages, and investment products in Germany. Competes for the same price-sensitive retail customers seeking low-cost banking with digital convenience, but operates at significantly larger scale with national brand recognition.
• DKB (Deutsche Kreditbank): Major German direct bank (formerly part of BayernLB) serving retail customers with online banking, checking accounts, and investment products. Competes with PSD Bank Nürnberg in digital retail banking but at much larger scale with broader geographic reach.
• comdirect (Commerzbank subsidiary): German direct bank subsidiary of Commerzbank offering retail brokerage, checking accounts, and savings products. Targets similar digitally-engaged retail customers with comparable investment and savings offerings, though backed by a major universal bank.
• TARGOBANK Germany: Major German retail and consumer credit bank offering checking accounts, consumer loans, and branch-based advisory. Competes in the same retail banking market with broader geographic coverage and larger product portfolio.
• Volksbank Raiffeisenbank (BVR network): The broader German cooperative banking group that PSD Bank Nürnberg belongs to under the BVR umbrella. Serves retail and SME customers with comparable products but typically larger balance sheets, more branches, and broader geographic coverage.

Direct peers

• Sparda-Bank Nürnberg: Local cooperative-style bank in Nürnberg serving retail customers with checking accounts, mortgages, and member benefits. Same regional market and comparable target audience, though with a different cooperative structure (part of the Sparda cooperative group).
• PSD Bank München: Another PSD Bank in Bavaria sharing the same cooperative banking model (eG), member benefits program, product portfolio, and technology platform via Atruvia AG. Directly comparable regional cooperative bank targeting retail customers with identical GTM motion.
• Sparda-Banken (Gesamtverband): Network of cooperative retail banks across Germany targeting specific professional groups (civil servants, public sector employees). Similar cooperative membership model with dividends, voting rights, and member benefits, with comparable product offerings in retail banking.

Others

• Atruvia AG: Primary technology and IT infrastructure provider for PSD Bank Nürnberg and other German cooperative banks. Provides the core banking platform, PSD2 XS2A interface, and digital banking infrastructure—essential enabling technology partner rather than a direct competitor.

Emerging players

• N26: Berlin-based digital-only bank challenger offering mobile-first checking accounts and banking services in Germany. Targets the same retail customer base with modern digital UX and aggressive pricing, representing a structural competitive threat to traditional cooperative banks.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@psdnuernberg
• Facebookfacebook.com/psdnuernberg
• LinkedInlinkedin.com/company/psd-bank-n%C3%BCrnberg-eg
• Instagraminstagram.com/psdnuernberg
• TikToktiktok.com/@psdnuernberg

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Nürnberg eG