Swifter, simpler, more secure – banking solutions for homeowner associations (Vereniging van Eigenaren - VvE)
Being the property manager of a homeowner association means making sure everything runs smoothly and efficiently. If you are looking to streamline banking processes, save time and increase security for your homeowners, then Aareal Bank is your ideal partner.
Transparent structures for onboarding in no time
Our tailor-made accounts system structures significantly simplify the account opening process for new mandates of homeowner associations. Accounts of homeowner associations are often up and running within only a few days – no need to wait the customary several weeks. Powers of attorney and access rights are managed flexibly, with no compliance issues. Agreements (such as powers of attorney) made at the system level automatically apply to all connected accounts, without having to be re-entered every time a new property management client is onboarded.
State-of-the-art IT for seamless integration
Your Aareal Account is more than just an account – it is a digital solution that simplifies and accelerates your property management processes, allowing you to systematically improve them, all with the support of established software providers.
It’s a digital world
Aareal Account is our digital payment solution that helps you stay on top of things – in real time, regardless of where you are, and with access to all connected accounts and homeowner associations. The result: you can manage your processes more efficiently, more transparently and more securely – and find more time for the things that really matter.
Banking – tailor-made for day-to-day property management processes
* Information on the Aareal Portal and Aareal Sign products: The Aareal Portal and Aareal Sign are available in German and English.
Client deposits are protected by two deposit guarantee schemes:
(1) The statutory Deposit Guarantee Scheme of German banks (Entschädigungseinrichtung deutscher Banken GmbH, EdB) which cover sight-, term- and savings deposits up to a maximum of EUR 100,000 for each creditor.
(2)Furthermore, Aareal Bank is a member of the voluntary Deposit Protection Fund operated by the Association of German Banks (Bundesverband deutscher Banken e.V.).
According to the current By-laws of the Deposit Protection Fund, each creditor will be compensated up to a protection ceiling of 8.75% of the Bank's own funds, capped at a maximum amount of EUR 3 million for natural persons and entities treated as such, and EUR 30 million for non-financial corporations and entities treated as such. From 1 January 2030, the maximum possible compensation amounts shall be EUR 1 million for natural persons and entities treated as such and EUR 10 million for non-financial corporations and entities treated as such.
The Bank will inform the client of the relevant protection ceiling upon request; the guarantee level is also available on the Internet at https://einlagensicherungsfonds.de (in German).
For details on the scope of the Deposit Guarantee Scheme under der Deposit Protection Fund, please refer in particular to No. 20 of our General Terms and Conditions as well as section 6 of the stipulations of the Deposit Protection Fund. The latter can also be found at the Internet address mentioned above.
Let us help you optimise your payment processes
Rainer Heßelmann
+49 611 348 2402
