Volksbank Magdeburg API Access & Open Banking Data

Reach your Volksbank Magdeburg (BIC GENODEF1MD1) accounts through a single, privacy-first interface. open-banking.io links to this Saxony-Anhalt cooperative bank under PSD2, covering both business and personal accounts, so you can view balances and transactions without juggling separate portals. It is part of a network spanning 2,600+ EU and UK banks — no eIDAS certificate, no bank-specific integration work, and no raw data ever leaving your control unencrypted.

Unlike traditional aggregators, open-banking.io is zero-knowledge: encryption keys are generated on your own device, and every record is decrypted locally with a key only you hold. The servers store only your public key and ciphertext.

How to connect Volksbank Magdeburg

Connecting happens entirely in the open-banking.io dashboard — there is no API call, code, or key involved in this step:

  1. Sign up for an open-banking.io account.
  2. Set your encryption passphrase; your private keys are created locally on your device at this moment.
  3. In the dashboard, search for and select Volksbank Magdeburg, then choose the account type — business or personal.
  4. You are redirected to Volksbank Magdeburg's own secure login, where you approve access on the bank's PSD2 consent screen.
  5. Your accounts sync back into the dashboard, ready to view.

Consent lasts up to 180 days, after which you simply re-approve on the bank's screen to keep the connection active.

Access your data

Once Volksbank Magdeburg is connected, developers can optionally read the data programmatically. On the Developers page, create an API key and export a credentials.json — this bundles the API key together with your private decryption key. From there, use the CLI (openbanking accounts, openbanking transactions, openbanking sync), an SDK, or the REST API. Requests authenticate with the X-Api-Key header, and every response is decrypted locally with your own key. An API key alone only ever returns ciphertext, so your data stays protected even in transit.

FAQ

Do I need a developer account to connect Volksbank Magdeburg?

No. Connecting is a dashboard action. The API key and CLI are optional, only for reading data programmatically after the bank is linked.

Can open-banking.io read my Volksbank Magdeburg transactions?

No. The service is zero-knowledge and holds only your public key. Decryption happens on your device with a key only you possess.

What does it cost?

Around EUR 3 per month for full access across every supported bank, including Volksbank Magdeburg.

Ready to begin? Visit open-banking.io to link your account.