Raisin Bank
Experiences, reviews and information about the provider
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Details
Pros
- German full banking licence under BaFin supervision
- Statutory German deposit protection of up to €100,000 per customer
- Access to call money and fixed-term deposit offers via the WeltSparen platform
- One central account for several investments with partner banks
Cons
- No traditional retail banking with a current account or cards
- For investments via the platform, the foreign partner bank often provides protection, not Raisin Bank
- Customer contact runs mainly through the platform, not through the bank itself
- For end customers, a product range with little independent visibility
Fact sheet: Raisin Bank
| Company name | Raisin Bank |
| Founded | 1973 |
| Headquarters | Frankfurt am Main |
| Country | 🇩🇪 Germany |
| BaFin-regulated | Yes |
| Deposit protection | €100,000 |
| Type | direktbank |
| Website | raisin.bank * |
About Raisin Bank
Raisin Bank AG, based in Frankfurt am Main, was founded in 1973 as Mitteleuropäische Handelsbank (MHB-Bank) and taken over in 2019 by the Raisin Group, the operator of the WeltSparen interest platform; it was renamed shortly afterwards. Its focus is not on traditional branch or direct-bank business but on banking-as-a-service: as a licensed full bank, it provides other providers with regulatory infrastructure and, as a fronting and service bank, handles accounts, payments and lending. For savers it becomes visible mainly where call money and fixed-term deposit offers are arranged through WeltSparen and Raisin Bank acts as the German institution holding the account. As a German bank under BaFin supervision (BaFin is the German financial regulator), statutory German deposit protection of up to €100,000 per customer applies. The distinction is important: anyone who invests through the platform with a foreign partner bank falls under that bank's home protection scheme, not the German one.
Special features
- Emerged from MHB-Bank, founded in 1973, taken over by Raisin in 2019
- First bank takeover by a German fintech
- Works as a fronting and service bank for fintechs, funds and family offices
- The bank behind the interest platform WeltSparen by Raisin
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