Question 1

What is PSD Bank Hessen-Thüringen?

Accepted Answer

PSD Bank Hessen-Thüringen is a German cooperative advisory direct bank (beratende Direktbank) serving private customers across the federal states of Hessen and Thuringia. As one of 14 independent PSD banks in Germany, it operates from Eschborn near Frankfurt with a balance sheet total of approximately 1.6 billion euros. The bank serves around 70,000 customers, of whom approximately 40,000 are member-owners, demonstrating strong cooperative engagement.

Question 2

When was PSD Bank Hessen-Thüringen founded?

Accepted Answer

The bank was founded on February 15, 1872, as the Post-Spar- und Vorschussverein Frankfurt am Main, making it one of the original postal savings associations established following Imperial Postmaster General Heinrich von Stephan's directive. In 1903, it was renamed Post-Spar- und Darlehnsverein Frankfurt am Main.

In 1995, the bank relocated from the postal building at Rohmer-Platz in Frankfurt-Bockenheim to its own building in Eschborn. In 1997, the customer base was expanded to include all private customers. In 1999, it converted to a cooperative structure and was renamed PSD Bank Frankfurt am Main eG. Since 2005, it has operated under its current name, PSD Bank Hessen-Thüringen eG. Following German reunification, the bank expanded its business area to include Thuringia, which had previously been part of East Germany.

Question 3

Where is PSD Bank Hessen-Thüringen headquartered?

Accepted Answer

PSD Bank Hessen-Thüringen is headquartered in Eschborn in the Main-Taunus-Kreis, Hessen, Germany.

Question 4

Where does PSD Bank Hessen-Thüringen operate?

Accepted Answer

The bank's business area covers the entire federal states of Hessen and Thuringia (Thüringen). It maintains branch offices in Eschborn (headquarters), Darmstadt, and Erfurt, with additional advisory presence in Kassel.

This geographic coverage spans from the financial center of Frankfurt and surrounding regions in Hessen to the historic cities and communities of Thuringia, serving both western and eastern German populations.

Question 5

What services does PSD Bank Hessen-Thüringen offer?

Accepted Answer

PSD Bank Hessen-Thüringen provides universal banking services as a self-directed customer bank, offering a blend of mobile and internet banking alongside advisory services for construction financing, wealth investment, and insurance. The bank specializes in personal, transparent advisory services with fair pricing.

Services include current accounts, savings products, investment funds, consumer loans, and construction financing. Through cooperative partnerships, it works with DZ Bank, R+V Versicherung, Bausparkasse Schwäbisch Hall, and Union Investment. Digital channels include online banking accessible 24/7, direct online product applications, and flexible consultation options including in-person meetings, telephone, and video conferencing. The bank emphasizes customer service availability Monday through Friday from 8:00 AM to 7:00 PM, with extended hours on some days.

Question 6

What makes PSD Bank Hessen-Thüringen unique?

Accepted Answer

PSD Bank Hessen-Thüringen has been recognized by Euro Magazine for six consecutive years as Germany's most popular regional bank, demonstrating exceptional customer satisfaction. The bank's cooperative structure means that approximately 57% of its customers are also member-owners who actively participate in governance decisions.

With a total capital ratio (Gesamtkapitalquote) of approximately 20%, the bank maintains exceptional financial stability. It holds a strong commitment to social responsibility, with Vorstandsvorsitzender Jens Fischer emphasizing that the bank prioritizes solidarity and community benefit over profit maximization. The bank is registered in the cooperative register at the Amtsgericht Frankfurt am Main under GnR 775 and holds a Fitch rating of AA-. Despite operating in a rapidly changing market, the bank has successfully maintained its regional identity while adapting to digital transformation.

Question 7

What type of financial institution is PSD Bank Hessen-Thüringen?

Accepted Answer

PSD Bank Hessen-Thüringen is a Genossenschaftsbank (cooperative bank) with the legal form of an eingetragene Genossenschaft (eG). As a cooperative bank, it is member-owned and operates according to the Genossenschaftsgesetz (cooperative law) and statutes adopted by the general assembly (Generalversammlung).

The bank is a member of the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) and participates in both the officially recognized BVR Institutssicherung GmbH protection scheme and the additional voluntary protection scheme of the BVR, providing comprehensive deposit protection. The cooperative structure allows members to have voting rights and actively shape the bank's direction. This model emphasizes economic participation of members rather than shareholder profit maximization, maintaining the mutual self-help principles established in 1872.

PSD Bank Hessen-Thüringen

in Germany 🇩🇪

Crypto-Friendliness

All done!

About PSD Bank Hessen-Thüringen in Germany

PSD Bank Hessen­-Thüri­ngen