Membership of the association
Membership is open to all banks which are organised in a private legal form and have a full banking licence. Mortgage banks and German branches of comparable foreign financial institutions may also become members if they have their registered office or a branch office in the state of Hesse.
Application for membership must be made in writing.
Further prerequisites are recognition of the association’s articles of association and those of the Association of German Banks (Bundesverband deutscher Banken e. V.), the signing of the conventions and agreements concluded by the central associations of the German banking industry to regulate payment transactions between their affiliated banks, and participation in the Deposit Protection Fund of the Association of German Banks unless the by-laws of the Deposit Protection Fund grant exemption from participation.