Question 1

What is Raiffeisenbank Region Schallaburg?

Accepted Answer

Raiffeisenbank Region Schallaburg is a regional cooperative bank (eingetragene Genossenschaft, or eGen) serving the Mostviertel region in Lower Austria. As a member of the Austrian Raiffeisen Banking Group, it operates as a local financial services provider offering comprehensive banking services to individuals, small and medium-sized enterprises (SMEs), and commercial clients.

With total assets of approximately 748.54 million EUR as of 2023, the bank ranks as the 131st largest bank in Austria with a market share of 0.08%. The institution focuses on serving as a financial "Nahversorger" (local provider) for its regional community.

Question 2

When was Raiffeisenbank Region Schallaburg founded?

Accepted Answer

Raiffeisenbank Region Schallaburg was founded on November 2, 1892, during the early expansion of the Raiffeisen cooperative banking movement in the Habsburg Monarchy. The bank was established following the model of Friedrich Wilhelm Raiffeisen, whose cooperative banking concept had spread from Germany to Austria beginning in 1886.

The institution was created to serve the financial needs of local farmers, craftsmen, laborers, and traders during a period of agricultural and economic challenges. Like other Raiffeisen banks of its era, it was formed as a cooperative to provide credit and financial services to members who might otherwise lack access to traditional banking.

Question 3

Where is Raiffeisenbank Region Schallaburg headquartered?

Accepted Answer

The bank is headquartered at Linzer Straße 6, 3382 Loosdorf in the Melk district of Lower Austria (Niederösterreich), Austria.

Question 4

Where does Raiffeisenbank Region Schallaburg operate?

Accepted Answer

Raiffeisenbank Region Schallaburg operates in the Schallaburg region of the Mostviertel area in Lower Austria. The bank serves communities in and around the Melk district, providing local banking services through its branch network in this rural and semi-rural region.

As a regional cooperative bank, it maintains a strong local presence with branches and ATMs accessible to community members throughout its service area.

Question 5

What services does Raiffeisenbank Region Schallaburg offer?

Accepted Answer

Raiffeisenbank Region Schallaburg offers a comprehensive range of retail and commercial banking services:

Personal Banking: Current accounts (including free student and youth accounts), savings accounts, time deposit accounts, debit cards, and credit cards.

Lending Products: Consumer loans, car loans, mortgage loans, residential financing (Wohnraumfinanzierung), and leasing services.

Investment & Wealth Services: Securities trading, investment accounts, portfolio management, WILL digital wealth management platform, and Private Banking services for high-net-worth clients.

Business Banking: Business accounts, business payment cards, business loans, and corporate financing solutions for SMEs and commercial clients.

Digital Banking: The bank provides Mein ELBA online banking platform and mobile app for 24/7 account access, transactions, and financial management. Customers can also use Rai Pay for mobile payments and digital card services. The bank supports modern payment methods including SEPA transfers, instant payments (available since November 2017), and EPS online payment services.

Additional Services: Foreign exchange services (Devisenhändler), currency exchange, insurance products, and the Raiffeisen Mein Bonus loyalty program.

Question 6

What makes Raiffeisenbank Region Schallaburg unique?

Accepted Answer

Several features distinguish Raiffeisenbank Region Schallaburg:

Cooperative Structure: As a registered cooperative (eGen), the bank is owned by its members, emphasizing community benefit over profit maximization. This structure has been maintained since 1892.

Regional Focus: The bank takes pride in its role as a local financial provider (Nahversorger) with deep roots in the Mostviertel community, supporting regional economic development and maintaining personal relationships with customers.

Accessibility Features: The bank demonstrates commitment to inclusion with barrier-free banking facilities, including accessible ATM heights, lower keypad operation, voice output features, and contactless NFC card recognition at multiple service points.

Raiffeisen Network Benefits: Members benefit from being part of Austria's second-largest banking group, accessing nationwide services, deposit insurance through the Österreichische Raiffeisen-Einlagensicherung eGen (ÖRS), and institutional protection schemes while maintaining local decision-making autonomy.

Digital-Physical Hybrid: The bank combines modern digital banking solutions with traditional in-person consultation services available by appointment Monday through Friday from 07:00 to 19:00.

Question 7

What type of financial institution is Raiffeisenbank Region Schallaburg?

Accepted Answer

Raiffeisenbank Region Schallaburg is a Kreditinstitut (credit institution) organized as an eingetragene Genossenschaft (eGen), which translates to a registered cooperative. This is a specific legal form common among Austrian cooperative banks.

As a credit institution, it holds a banking license from the Austrian Financial Market Authority (FMA) and is supervised as part of the European banking regulatory framework. The bank is registered in the Austrian company register (Firmenbuch) under number FN 77781 i.

The cooperative structure means the bank is owned by its members rather than external shareholders, with governance emphasizing mutual benefit and regional development. It operates independently while being part of the broader Raiffeisen Banking Group network, which includes 342 local cooperative banks and 8 regional wholesale banks (Raiffeisenlandesbanken) in Austria.

Question 8

What deposit protection does Raiffeisenbank Region Schallaburg provide?

Accepted Answer

Customer deposits at Raiffeisenbank Region Schallaburg are protected up to 100,000 EUR per depositor through the Österreichische Raiffeisen-Einlagensicherung eGen (ÖRS), the deposit guarantee scheme for the Raiffeisen sector in Austria.

This scheme, which became operational in November 2021, covers all balances held by natural persons (both Austrian and foreign citizens) and legal entities. The protection applies automatically to eligible accounts without requiring separate registration. The scheme complies with European deposit insurance standards and is regulated by Austrian law.

Additionally, the bank participates in the Raiffeisen Banking Group's institutional protection scheme, which provides an extra layer of financial stability through mutual support mechanisms among member banks.

Raiffeisenbank Region Schallaburg

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About Raiffeisenbank Region Schallaburg in Austria

Raiffe­isenba­nk Region Schallaburg