What Psd Bank Nord Eg does

PSD Bank Nord eG is a registered cooperative bank (eingetragene Genossenschaft) headquartered in Hamburg-Wandsbek, Germany, founded in 1872 and serving private retail customers across northern Germany. The bank operates as a direct-to-consumer digital bank with no branch network, distributing its products exclusively through PSD OnlineBanking (web), PSD BankingApp (mobile), phone banking, video consultation (Snapview/BSI), and scheduled advisory appointments. Its core product portfolio spans five customer-facing verticals: account & payments (PSD GiroKonto with free account management, girocard, and tiered Mastercard/Visa credit cards), lending (PSD Baufinanzierung mortgages, Privatkredit personal loans, Bausparen building society products via Bausparkasse Schwäbisch Hall), savings & investments (PSD FestGeld at 2.75% p.a., PSD TagesGeld, PSD WachstumsSparen, Sparbrief, MeinInvest/VermögenPlus via Union Investment), insurance (R+V as tied agent), and supplementary services (PSD WohnBegleiter housing platform, newsletter, customer magazine Nordlicht).

The bank's technology stack is dominated by Atruvia (core IT infrastructure and banking platform), with Microsoft Azure providing cloud hosting, Microsoft Clarity and New Relic for monitoring, Dynatrace for app stability, OneTrust and Usercentrics for GDPR-compliant consent management, Adobe Launch for tag management, and Friendly Captcha for anti-bot protection. AI capability is sourced from Gini GmbH, which provides computer-vision-based invoice scanning (Fotoüberweisung) within the PSD BankingApp. PSD2-compliant XS2A APIs enable third-party payment initiation and account information services, and SecureGo plus replaces SMS-TAN authentication. The bank integrates with a network of partner platforms — Union Investment, R+V Versicherung, Bausparkasse Schwäbisch Hall, TeamBank/easyCredit, DZ BANK, Genopace (mortgage application flow), and Trustpilot — under a distribution-light, partnership-heavy GTM model.

The revenue model comprises four streams: (1) interest income (Zinsüberschuss) from the spread on mortgage/personal loans versus deposit accounts, with profits retained and allocated to cooperative reserves rather than distributed; (2) recurring account and card fees from Girokonto management and tiered credit card programs; (3) affiliate/commission revenue from distributing Union Investment funds, R+V insurance, TeamBank consumer loans, and Bausparkasse Schwäbisch Hall products; and (4) transaction/origination fees from mortgage and building-society brokerage. The bank is supervised by BaFin, is a member of the BVR Institutssicherung institutional protection scheme, and is part of the PSD Bankengruppe cooperative network. In February 2026, PSD Bank Nord eG announced a merger with PSD Bank Hannover to expand its regional footprint.

Name

Psd Bank Nord Eg

Legal name

PSD Bank Nord eG

Website

https://www.psd-nord.de

Company type

Private

Founded year

1872

Operating status

Operating

Headcount range

101–250 employees

Short description

PSD Bank Nord eG is a Hamburg-based cooperative bank (eG) serving private retail customers in northern Germany with a digital-first product suite including current accounts, savings, mortgages, personal loans, and insurance distribution. Operating as a direct-to-consumer bank with no branches, it relies on Atruvia IT infrastructure and partner ecosystems for customer-facing services.

Ownership category

akta.pro rank

Headquarters

HQ city

Hamburg-wandsbek

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 (Zinsüberschuss): Primary revenue stream generated from the spread between interest earned on loans (mortgage lending, personal loans) and interest paid on customer deposits (savings, current accounts, fixed-term deposits). As a cooperative regional bank, profit is retained and allocated to reserves rather than distributed to shareholders.
2. Account & Card Fees: Fees from payment account management (Girokonto), debit/credit card issuance and usage (girocard, Visa, Mastercard including BasicCard, DirectCard, ClassicCard, GoldCard tiers), and ATM withdrawals.
3. Investment & Insurance Distribution: Commission revenue from distribution of third-party financial products including Union Investment funds (MeinInvest, VermögenPlus), R+V insurance policies, Bausparkasse Schwäbisch Hall building savings, and TeamBank consumer loans. The bank acts as a tied insurance agent (“gebundener Versicherungsvertreter”) for R+V.
4. Building Society & Mortgage Brokerage: Revenue from mortgage origination and building society products (Bausparen), earning origination fees and ongoing commission.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels8 records

Core offering

PSD Bank Nord eG is a German cooperative bank (eingetragene Genossenschaft) providing retail banking services to private customers in northern Germany. The bank offers a comprehensive suite of products across three core categories: (1) Account and Payment Services including the PSD GiroKonto current account, online and mobile banking channels, girocard, and Mastercard/Visa credit cards; (2) Lending Products including PSD Baufinanzierung (real estate financing), Privatkredit (personal loans), and Bausparen (building society savings); and (3) Savings and Investment Products including PSD FestGeld (fixed-term deposits), PSD TagesGeld (daily savings), PSD WachstumsSparen (growth savings), Sparbrief, Gewinnsparen (prize-linked savings), and MeinInvest/VermögenPlus investment platforms. The bank distributes third-party insurance and investment products from partners such as R+V Versicherung and Union Investment.

Product overview

PSD Bank Nord eG is a cooperative bank (eingetragene Genossenschaft) offering a comprehensive suite of banking products for private customers. The product portfolio centers on three core categories: (1) Account and Payment Services including PSD GiroKonto (current account), PSD OnlineBanking and PSD BankingApp (digital channels), girocard and credit cards (Mastercard/Visa); (2) Lending Products including PSD Baufinanzierung (real estate financing), Privatkredit (personal loans), and Bausparen (building society savings); and (3) Savings and Investment Products including PSD FestGeld (fixed-term deposit), PSD TagesGeld (daily savings), PSD WachstumsSparen (growth savings), Sparbrief (savings bonds), Gewinnsparen (prize-linked savings), MeinInvest and VermögenPlus (investment platforms). Supplementary digital services include PSD WohnBegleiter (property platform) and customer communication tools such as the PSD Newsletter and Kundenmagazin Nordlicht. The bank operates exclusively in Germany under BaFin supervision and the BVR protective system.

Differentiator

Problem solved

Functional benefit

Brands

• PSD FestGeld: Fixed-term deposit product offering a 2.75% p.a. interest rate for 1 year with online completion.
• PSD WachstumsSparen
• PSD TagesGeld
• PSD GiroKonto
• PSD WohnBegleiter
• PSD Baufinanzierung
• Kundenmagazin Nordlicht

Products and services

• PSD GiroKonto Online current account with free account management (kostenlose Kontoführung), serving as the primary banking account for everyday transactions, payments, and direct debits for private retail customers.
• PSD FestGeld Fixed-term deposit product offering guaranteed interest rates for specified investment periods. Currently featuring 2.75% p.a. for 1-year terms with online account opening, applicable to new funds transferred from other banks.
• PSD TagesGeld Daily-accessible savings account with variable interest rates, allowing flexible deposits and withdrawals at any time for private retail customers.
• PSD Baufinanzierung Real estate financing product offering flexible mortgage solutions for purchasing or refinancing residential property, targeted at private customers seeking home ownership or refinancing existing property.
• Privatkredit (Kreditangebote) Personal loan products offering attractive special conditions for various financing needs, distributed in partnership with TeamBank under the easyCredit brand.
• Bausparen Building society savings product allowing customers to secure low future interest rates and benefit from government subsidies, offered in partnership with Bausparkasse Schwäbisch Hall.
• PSD WachstumsSparen Growth savings product with progressive interest rates that increase over the holding period, rewarding longer-term saving.
• Sparbrief Savings bond product offering fixed interest rates for medium to long-term savings horizons.
• Gewinnsparen Prize-linked savings product combining savings deposits with chances to win prizes through periodic prize draws.
• MeinInvest Digital investment platform allowing customers to invest in diversified portfolios with automated portfolio management, distributed in partnership with Union Investment.
• VermögenPlus Wealth management and investment service offering professional portfolio management, distributed in partnership with Union Investment.
• Mastercard und Visa Kreditkarten (BasicCard, DirectCard, ClassicCard, GoldCard) Tiered credit card products from Mastercard and Visa including entry-level BasicCard, DirectCard, ClassicCard, and premium GoldCard variants for private customers.
• girocard (Debitkarte) Debit card offering cash withdrawals and payment capabilities, available in physical and digital formats for everyday transactions.
• Insurance Products (R+V Versicherung) Insurance products distributed by PSD Bank Nord as a tied insurance agent for R+V Versicherung, covering protection needs for private customers.
• PSD OnlineBanking Comprehensive online banking platform providing 24/7 access to account management, transfers, card controls, Multibanking, and PSD2-compliant third-party payment initiation for private retail customers.
• PSD BankingApp Mobile banking application for iOS and Android providing full account access, transfers, card management, photo invoice scanning via Gini GmbH AI, push notifications, and mobile authentication.
• SecureGo plus App Mobile authentication app for generating transaction authorization numbers (TAN) for strong customer authentication under PSD2, replacing SMS-TAN with app-based security.

Quantifiable outcome

• 16 consecutive years (2011–2026) as Germany’s ‘Beliebteste Regionalbank’ based on customer feedback surveys.
• +1 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

Integration26 records

AI capability3 records

Feature7 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• AtruviacoreTechnology or IntegrationAtruvia is the primary IT infrastructure and banking platform provider for PSD Bank Nord, hosting the online banking platform, website, and banking application systems. Atruvia sets and manages numerous cookies on the bank’s website (e.g., access_token, session identifiers, banking process management cookies) and provides the core digital banking technology stack.
• Microsoft AzurecoreTechnology or IntegrationMicrosoft Azure provides cloud hosting for parts of the PSD Bank Nord website and digital infrastructure. Data is processed on EU (Ireland) servers. PSD Bank Nord also uses Microsoft Clarity for web analytics and Microsoft Clarity for user behavior analysis.
• Snapview (BSI Business Systems Integration Deutschland GmbH)coreTechnology or IntegrationSnapview powers the bank’s video consultation (Videoberatung) and electronic signature (digitale Unterschrift) services. The platform is hosted by BSI Business Systems Integration and processes customer data including video sessions, electronic signatures, and communication metadata. All processing occurs exclusively in Germany under a data processing agreement.
• Gini GmbHcoreTechnology or IntegrationGini GmbH provides AI-powered invoice scanning (Fotoüberweisung) within the PSD BankingApp and ‘Rechnung hochladen’ in PSD OnlineBanking. The service extracts payment data from photographed or uploaded invoice documents using artificial intelligence. Images and corrected data are transmitted to Gini GmbH for processing, stored for up to 28 days, and then deleted.
• R+V VersicherungcoreChannel Partner/ Reseller/ DistributorPSD Bank Nord acts as a tied insurance agent (“gebundener Versicherungsvertreter” per §34d GewO, registration number D-4TP2-VAJ2C-09) for R+V Versicherung. The bank receives commission for successful insurance policy placements, included in the policy premium paid by the customer. The bank also provides R+V insurance products as part of its Versichern (insurance) product line.
• Union InvestmentcoreChannel Partner/ Reseller/ DistributorUnion Investment is the partner for investment fund products offered through PSD Bank Nord, including MeinInvest (digital fund savings) and VermögenPlus (wealth management). Customers can access these products via the bank’s online banking platform with dedicated fund platform links (e.g., psd-nord.service.meininvest.de).
• Bausparkasse Schwäbisch HallminorChannel Partner/ Reseller/ DistributorBausparkasse Schwäbisch Hall is a partner for building society (Bausparen) products, offered as part of the bank’s real estate financing and savings product suite. Customers can access building society products and submit cancellations/withdrawals via the partner’s website.
• TeamBank (easyCredit)minorChannel Partner/ Reseller/ DistributorTeamBank provides consumer credit products (Ratenkredit) under the easyCredit brand, integrated into PSD Bank Nord’s lending offerings. The TeamBank rate credit calculator is embedded on the PSD Bank Nord website, with applications processed through TeamBank’s systems.
• OneTrustcoreTechnology or IntegrationOneTrust provides cookie consent management platform (CMP) on the PSD Bank Nord website, enabling compliant management of user cookie preferences per GDPR and TDDDG requirements. OneTrust logs consent decisions, IP addresses (anonymized), and timestamps, storing data for up to two years.
• TrustpilotminorGTM or Marketing PartnerTrustpilot provides the customer review platform embedded as a widget on the PSD Bank Nord website, displaying real-time ratings and enabling customers to read and write reviews of the bank’s services.
• GenopacecoreTechnology or IntegrationGenopace provides the mortgage and real estate loan application flow (Abschlussstrecke) embedded on the PSD Bank Nord website for Immobilienfinanzierung products. It stores application data locally (LocalStorage/SessionStorage) during the application process including personal data, loan parameters, and property details.
• PSD Bank HannovercoreStrategic or Co-development PartnerPSD Bank Hannover has merged with PSD Bank Nord to form the enlarged PSD Bank Nord eG. The fusion expands the bank’s geographic footprint and customer base across northern Germany. Information about the merger is prominently featured on the bank’s homepage, with a dedicated fusion information page available for customers.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• PSD Bank München: Sister regional bank in the PSD Bankengruppe cooperative network, sharing the same cooperative ownership structure, digital-first distribution model, and product offering for private customers — direct head-to-head comparable in size, governance, and go-to-market approach.
• Sparda-Bank Hamburg: Cooperative retail bank headquartered in Hamburg serving northern Germany with similar member-oriented structure, offering current accounts, mortgages, savings, and insurance products to private customers — directly competes with PSD Bank Nord in the same Hamburg/northern Germany catchment.
• DKB (Deutsche Kreditbank): Major German direct bank with retail focus, offering online banking, current accounts, mortgages, and investment products through a digital-first model with no branch network — directly comparable to PSD Bank Nord's branchless distribution approach and product mix.
• Targobank Germany: Direct bank in Germany focused on retail customers, offering current accounts, credit cards, and personal loans through digital and phone channels with limited physical presence — directly comparable to PSD Bank Nord's branchless retail banking model.
• Norisbank: Direct bank subsidiary of Deutsche Bank, offering retail banking products through digital channels with limited physical presence, comparable to PSD Bank Nord's branchless model and mass-market retail customer focus.
• 1822direkt: Direct bank subsidiary of Frankfurter Sparkasse, offering retail banking products (current accounts, savings, investments) through digital channels — similar digital-first positioning and mass-market retail customer segment.

Broad incumbents

• ING Germany: One of Germany's largest direct banks with a broad retail offering including current accounts, brokerage, mortgages, and consumer loans, competing with PSD Bank Nord in the digital retail banking space at significantly larger scale.
• Volksbanken und Raiffeisenbanken: Germany's largest cooperative banking network with similar member-owned Genossenschaft structure (eingetragene Genossenschaft), offering comprehensive retail banking services nationwide through local cooperative banks — broader scope but same cooperative DNA.
• Sparkassen: Public sector savings bank group, the largest retail banking network in Germany, serving local customers with similar products (current accounts, mortgages, savings, insurance) through both physical and digital channels — overlapping regional presence with PSD Bank Nord in northern Germany.
• Commerzbank: Large German commercial bank with significant retail operations, offering current accounts, mortgages, investments, and credit cards through both digital and physical channels nationwide — broader scope but overlapping private customer target.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@psd_bank_nord
• Facebookfacebook.com/psdnord
• Instagraminstagram.com/psd_bank_nord

Compliance7 records

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 Nord Eg