Volksbank Rhede EG

What Volksbank Rhede EG does

Volksbank Rhede eG is a German cooperative bank (eingetragene Genossenschaft) headquartered in Rhede, North Rhine-Westphalia, employing approximately 16 staff and operating under the nationwide Volksbanken Raiffeisenbanken cooperative framework. The institution serves two principal customer groups — private customers (Privatkunden) and local SMEs/entrepreneurs (Firmenkunden) — through a hybrid physical-branch-and-digital model that combines multiple Geschäftsstellen in the Rhede region with the cooperative-network VR Banking App, online banking portal, and telephone banking channels.

The bank's core product suite spans Girokonto (current accounts), Mastercard debit and credit cards, Festgeld (fixed-term deposits), Online-Brokerage, and consumer lending, supplemented by a children's investment depot (meinDepot für Kids). For business customers it offers Geschäftskonto, the Unternehmerkredit up to €100,000, Auslandszahlungsverkehr (foreign payments), Direktversicherung (company pensions), and Unternehmensnachfolge succession advisory. The digital platform is anchored on the VR Banking App with the newly launched Wero real-time P2P payment feature (sub-10-second transfers) and the Empfängerüberprüfung IBAN/name verification security layer; both run on the central cooperative banking infrastructure (Atruvia/DZ BANK group assets visible in the image URL hostnames).

Volksbank Rhede eG generates revenue through net interest income on its loan and deposit book, banking fees (accounts, cards, transactions), and commission/distribution fees from partner products: R+V Versicherung insurance, TeamBank easyCredit consumer loans, Union Investment funds, and DZ BANK brokerage. It is a member-owned cooperative without external investors or public listing, and it relies on the broader Volksbanken Raiffeisenbanken network for ATM and branch access beyond its immediate geography. Distribution is primarily direct-to-consumer via branches, online portal, and mobile app, with partner products extending the catalogue without requiring internal build-out.

Name

Volksbank Rhede EG

Legal name

Volksbank Rhede eG

Website

https://volksbank-rhede.de

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Volksbank Rhede eG is a 16-employee German cooperative bank in Rhede, North Rhine-Westphalia, serving private customers and local SMEs with current accounts, savings, lending, cards, mobile banking, and partner-distributed insurance, investment, and brokerage products within the Volksbanken Raiffeisenbanken network.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Depository Credit Intermediation (5221)

SIC

Savings Institution, Federally Chartered (6035), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB)

akta.pro secondary industry

Customer Experience & Engagement (CRM, Support, Rewards, Loyalty) (FSAGAAAM)

Keywords

• Retail banking services
• Cooperative banking
• Consumer loans
• Business banking
• Digital payments

Headquarters

HQ city

Rhede

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional banking revenue from interest margins on loans, mortgages, and credit facilities offered to retail and business customers
2. Banking Fees and Commissions: Account maintenance fees, transaction fees, card fees, and service charges for Girokonto, debit/credit cards, and payment services
3. Insurance Commission: Commission revenue from R+V Versicherung insurance products distributed through the bank
4. Investment Product Distribution: Commission and distribution fees from Union Investment fund products and TeamBank easyCredit loans
5. Securities Trading: Brokerage commissions and fees from online securities trading through DZ BANK partnership

Go-to-market motion1 record

Distribution channels4 records

Marketing channels2 records

Core offering

Volksbank Rhede EG is a registered cooperative bank offering current accounts (Girokonto), debit and credit cards (Mastercard), fixed-term deposits (Festgeld), consumer loans (easyCredit via TeamBank), business accounts (Geschäftskonto), business loans (Unternehmerkredit up to EUR 100,000), online brokerage (via DZ BANK), and partner-distributed insurance (R+V) and investment funds (Union Investment). It serves both private and business customers through a local branch and digital channels including online banking and the VR Banking App with Wero instant payments.

Product overview

Volksbank Rhede eG operates as a cooperative bank offering a comprehensive portfolio of banking products and services for both private and business customers. The core offering centers on the VR Banking App, a unified mobile banking platform that incorporates Wero payment functionality for instant money transfers. For private customers, the bank provides Girokonto (current accounts), Debit- und Kreditkarten (Mastercard debit and credit cards), Festgeld (fixed-term deposits), easyCredit instant loans (via TeamBank partnership), Online-Brokerage for securities trading, and meinDepot für Kids for children's investments. Business customers access Geschäftskonto (business accounts), Unternehmerkredit loans up to 100,000 euros, Auslandszahlungsverkehr (foreign payment services), Direktversicherung (company pension schemes), and Unternehmensnachfolge (succession advisory services). Security features include Empfängerüberprüfung for IBAN/name verification on transfers. The bank also distributes partner products including R+V Versicherung insurance and Union Investment funds through its platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Girokonto (current account) Standard current account for private individuals, providing payment transactions, card access, and integration with online banking and the VR Banking App.
• Debit- und Kreditkarten (Mastercard) Mastercard-branded debit and credit cards for private and business customers, enabling cashless payments and account access.
• Festgeld (fixed-term deposit) Fixed-term deposit product allowing customers to invest funds at a guaranteed interest rate over a defined term.
• easyCredit (consumer loan via TeamBank) Consumer loan product offered in partnership with TeamBank, providing personal installment credit to private customers.
• Online-Brokerage (via DZ BANK) Online brokerage service for securities trading, offered in partnership with DZ BANK, enabling customers to buy and sell investment products.
• Geschäftskonto (business account) Business current account for small and medium-sized enterprises, providing payment transactions, card access, and integration with online banking.
• Unternehmerkredit (business loan) Business loan product for entrepreneurs and small businesses, providing financing up to EUR 100,000.
• Auslandszahlungsverkehr (foreign payment services) Foreign payment services enabling cross-border transactions for business customers engaged in international trade.
• Direktversicherung (company pension via R+V) Company pension solution (Direktversicherung) for business customers, distributed in partnership with R+V Versicherung.
• Union Investment (investment funds) Investment fund products distributed in partnership with Union Investment, enabling private customers to invest in diversified fund portfolios.
• meinDepot für Kids (children's depot) Custody account product designed for children's investment savings, allowing parents or guardians to hold securities on behalf of minors.
• Unternehmensnachfolge (business succession advisory) Advisory service supporting business owners in planning and executing the succession or transfer of their company.

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• R+V VersicherungcoreChannel Partner/ Reseller/ DistributorR+V Versicherung is a insurance partner whose products can be contracted through Volksbank Rhede EG. Contract cancellation and management for R+V products is handled directly through the R+V customer portal.
• TeamBankcoreChannel Partner/ Reseller/ DistributorTeamBank provides the easyCredit instant credit product offered through Volksbank Rhede EG. The bank serves as a distribution channel for consumer lending products. Withdrawal of easyCredit contracts is handled through TeamBank's website.
• Union InvestmentcoreChannel Partner/ Reseller/ DistributorUnion Investment is an investment fund partner whose products are distributed through Volksbank Rhede EG. Investment fund contracts can be managed through Union Investment's platform, with the bank acting as a local advisory and distribution channel.
• DZ BANKcoreTechnology or IntegrationDZ BANK provides the online brokerage platform and market information services (Börseninformationen, Webkonferenz) integrated with Volksbank Rhede EG's digital banking services. Also provides market analysis webinars for customers.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Others

• DZ BANK AG: Central institution for the Volksbanken Raiffeisenbanken cooperative network and provider of brokerage, capital markets, and advisory services that Volksbank Rhede resells — an enabling/partner rather than direct competitor.

Regional players

• Volksbank Hellweg eG: A larger NRW cooperative bank in a different sub-region; useful comparable for understanding scaling patterns, multi-branch operations, and product breadth within the same cooperative framework.
• Volksbank Niederrhein eG: Cooperative bank in the Niederrhein region adjacent to the Rhede catchment; offers the same Genossenschaft structure and product portfolio with regional differentiation.
• Stadtsparkasse Rhede (if applicable) or nearest Stadtsparkasse: Sparkassen operate the public-law savings bank network that competes with Volksbanken across NRW; comparable retail/SME product set and member-deposit funding model.

Direct peers

• Volksbank Münsterland Nord eG: Another Genossenschaftsbank in the same NRW region with a similar product portfolio and cooperative ownership model; a natural merger candidate and the most direct comparable in scale and geography.
• VR-Bank Westmünsterland eG: Volksbanken Raiffeisenbanken affiliate operating in the broader Westmünsterland cooperative footprint; comparable in cooperative structure, product offering, and local retail/SME focus.
• Volksbank Bocholt eG: Neighboring cooperative bank in the immediate catchment area near Rhede; offers the same Genossenschaft model, app, and product set, intensifying local competition for the same SME and retail base.
• Sparkasse Westmünsterland: Public-law savings bank serving the same Westmünsterland region with retail and SME banking; competes head-to-head for the same local households and Mittelstand customers.
• Sparkasse Borken-Bocholt: Local savings institution covering Borken and Bocholt in the same NRW market; a directly competing regional retail and SME bank with similar scale and branch presence.

Broad incumbents

• Volksbanken Raiffeisenbanken (BVR / Geno): The nationwide cooperative banking association that anchors Volksbank Rhede's infrastructure, technology (Atruvia), and product partnerships — a broad incumbent whose network scale and shared services define the cooperative competitive landscape.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat4 records

Key risks4 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/volksbank-rhede-eg

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 Volksbank Rhede EG