Question 1

What is Raiffeisenbank Region Eferding?

Accepted Answer

Raiffeisenbank Region Eferding is a regional cooperative bank (eingetragene Genossenschaft) serving the Eferding area in Upper Austria (Oberösterreich). As a member of the Austrian Raiffeisen Banking Group, it provides comprehensive banking services to individuals, businesses, and agricultural customers throughout its region. The bank operates as an independent cooperative while benefiting from the resources and network of Austria's second-largest banking group.

Question 2

When was Raiffeisenbank Region Eferding founded?

Accepted Answer

The bank received its official authorization from the Austrian Financial Market Authority (FMA) on November 26, 2014. The institution was formed through the consolidation of local Raiffeisen banks in the Eferding region, following the cooperative banking principles established by Friedrich Wilhelm Raiffeisen in the 19th century. This merger reflects the strategic development of Austrian Raiffeisen banks to create stronger regional entities capable of serving modern banking needs while maintaining local connections.

Question 3

Where is Raiffeisenbank Region Eferding headquartered?

Accepted Answer

The bank is headquartered in Eferding, a historic town in the Eferding District of Upper Austria, located west of Linz along the Danube River. The main office is located at Schiferplatz 24.

Question 4

Where does Raiffeisenbank Region Eferding operate?

Accepted Answer

Raiffeisenbank Region Eferding operates in Eferding and surrounding communities in western Upper Austria. The bank serves this region, which combines urban and rural characteristics, through its branch network providing local banking services to residents, businesses, and agricultural enterprises. Customers also benefit from access to the broader Raiffeisen network throughout Upper Austria and across Austria.

Question 5

What services does Raiffeisenbank Region Eferding offer?

Accepted Answer

The bank provides comprehensive retail banking services including current accounts (Girokonto), free youth accounts (Jugendkonto), free student accounts (Studentenkonto), and basic accounts (Basiskonto). Savings products include online savings accounts, traditional passbook savings (Sparbuch), and bausparen (building society savings).

Financing solutions include consumer loans (Konsumkredit), instant credit (Sofort Kredit), mortgage loans (Wohnfinanzierung), and auto leasing. The bank provides debit and credit cards with contactless payment capabilities and customizable designs, including Mastercard options for worldwide acceptance and enhanced security features.

Digital banking is available through Mein ELBA, Austria's most popular online and mobile banking platform, accessible 24/7 via desktop and mobile app. RaiPay enables Android smartphone users to digitize their Raiffeisen cards for contactless mobile payments and includes a "Geld senden" (send money) function for transfers to Austrian recipient cards.

Investment services include stocks and bonds (Aktien & Anleihen), mutual funds and savings plans (Fonds & Fondssparen), real estate investments (Immobilien), and gold and coins (Gold & Münzen). Business customers receive tailored solutions including business accounts (Geschäftskonto), business credit cards (Firmenkreditkarte), and commercial financing.

Additional services include Raiffeisen Mobil telecommunications plans offering tariffs S, M, and L for various needs, international payment services (Auslandszahlungsverkehr), direct insurance for employee benefits (Direktversicherung), and advisory services for business succession planning (Unternehmensnachfolge).

Question 6

What makes Raiffeisenbank Region Eferding unique?

Accepted Answer

As a cooperative bank, Raiffeisenbank Region Eferding allows customers to become member-owners (Mitinhaber), gaining voting rights and access to exclusive benefits. The bank emphasizes the cooperative principle of "die Kraft des WIR" (the power of WE), reflecting values of community solidarity and mutual support.

The bank serves the historic Eferding region, one of Austria's oldest towns with a charter dating back to 1222, combining rich cultural heritage with modern economic activity. This positions the bank as both a traditional community institution and a forward-looking financial service provider.

The bank combines the advantages of local decision-making and personalized service with access to the digital innovation and financial strength of the broader Raiffeisen Banking Group, creating what Raiffeisen calls the "digital regional bank" model that bridges traditional relationship banking with modern technology.

Question 7

What type of financial institution is Raiffeisenbank Region Eferding?

Accepted Answer

Raiffeisenbank Region Eferding is a Kreditinstitut (credit institution) organized as an eingetragene Genossenschaft (eGen), which is a registered cooperative. This legal structure is characteristic of Upper Austrian Raiffeisen banks, where the institution is collectively owned by its members rather than external shareholders.

As a cooperative bank, it operates independently while being part of the Raiffeisen Banking Group Upper Austria network, with Raiffeisenlandesbank Oberösterreich serving as the regional central bank. The institution is supervised by the Austrian Financial Market Authority (FMA) and participates in the Einlagensicherung AUSTRIA deposit guarantee scheme, protecting deposits up to 100,000 EUR per depositor.

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About Raiffeisenbank Region Eferding in Austria

Raiffe­isenba­nk Region Eferding