Question 1

What is PSD Bank München?

Accepted Answer

PSD Bank München is a German cooperative direct bank (Genossenschaftsbank) serving private customers in southern Bavaria. As one of 14 independent PSD banks in Germany, it operates from Augsburg and provides regional banking services with total assets exceeding 2 billion euros. The bank serves approximately 85,000 private customers across Swabia (Schwaben), Upper Bavaria (Oberbayern), and Lower Bavaria (Niederbayern).

Question 2

When was PSD Bank München founded?

Accepted Answer

Unlike most PSD banks that trace their origins to 1872, PSD Bank München was founded later. Bavaria and Württemberg could only establish postal savings associations after their postal administrations transferred to the Reich in 1934.

The Post-Spar- und Darlehnsverein München was founded on June 21, 1977, in Augsburg, making it one of the youngest in the PSD banking group. In 1998, it converted to a cooperative structure and was renamed PSD Bank München eG, simultaneously opening its services to all private customers beyond postal employees. After PSD Bank Niederbayern-Oberpfalz withdrew from the PSD banking group at the end of 2015, PSD Bank München expanded its business area to include Lower Bavaria (Niederbayern).

Question 3

Where is PSD Bank München headquartered?

Accepted Answer

PSD Bank München is headquartered in Augsburg, Bavaria, Germany, despite carrying München (Munich) in its name.

Question 4

Where does PSD Bank München operate?

Accepted Answer

The bank's business area covers three major regions in Bavaria: Schwaben (Swabia), Oberbayern (Upper Bavaria), and Niederbayern (Lower Bavaria). It maintains branch offices in Augsburg (headquarters) and München (Munich), serving customers throughout southern Bavaria.

The bank is a member of the Bankcard-Servicenetz, ensuring customers have access to banking services across a wider network.

Question 5

What services does PSD Bank München offer?

Accepted Answer

PSD Bank München provides universal banking services for private customers including construction financing (Baufinanzierung), installment loans (Ratenkredite), investment products (Anlageprodukte), and current accounts (Giro). As a direct bank, the bank offers contact channels through web, online banking, telephone/fax, and mail.

Through cooperative partnerships, it provides building society savings via Bausparkasse Schwäbisch Hall, insurance through R+V Versicherung, investment products through Union Investment and Franklin Templeton Investments, and works with VisualVest GmbH and GENO Broker GmbH. The bank also collaborates with DZ Bank for wholesale banking services. Customer service centers are available in both Augsburg and Munich for personalized advisory services.

Question 6

What makes PSD Bank München unique?

Accepted Answer

PSD Bank München stands out for its strong commitment to regional social engagement. In 2016, the bank supported charitable organizations and associations in its business area with 199,000 euros, demonstrating ongoing dedication to community development.

The bank sponsors projects across sports, education, social services, and environmental initiatives. Its relatively recent founding in 1977 makes it one of the younger PSD banks, yet it has grown to become one of Munich's largest cooperative banks. The bank combines the efficiency of direct banking with personal advisory services available at physical locations in Bavaria's economic centers. It is registered in the cooperative register at the Amtsgericht Augsburg under GnR 1633.

Question 7

What type of financial institution is PSD Bank München?

Accepted Answer

PSD Bank München 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 protection scheme of the BVR (BVR Institutssicherung GmbH) and the additional voluntary protection scheme. This cooperative structure ensures comprehensive deposit protection and prioritizes serving member interests rather than maximizing shareholder profits. The bank is subject to supervision by the Federal Financial Supervisory Authority (BaFin).

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