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Cash Group is a cooperation of the four largest German private banks (Deutsche Bank, Commerzbank, HypoVereinsbank, and Postbank) and their subsidiaries, in which they mutually waive ATM usage fees for their customers.
Jan 6, 2023 · Founded in 1998, the cash group is the biggest group of banks which allows its customers to access a common ATM infrastructure of other member banks in order to make free cash withdrawals in Germany.
Jan 8, 2024 · The three major German banks – Deutsche Bank, Commerzbank, and HypoVereinsbank – cooperate as the Cash Group; this allows free withdrawals at each others’ ATMs. You can find the nearest ATM that takes Visa cards in Germany here. For Mastercard, see here. For American Express, see here.
Aug 27, 2024 · Choose a bank with free ATM withdrawals. In Germany, you often need cash. On average, Germans withdraw cash 3 times per month. They withdraw around 200 € per month. 11 Don’t pay 5 € to 7 € every time you use an ATM. It’s a waste of money. These banks let you use any ATM in Germany for free: DKB; ING – Minimum withdrawal is 50 €. 26
- contact@allaboutberlin.com
- Where Do I Find ATMs in Germany?
- Will My Credit Or Debit Card Work in Germany ATMs?
- Find An International Travel Card
- What Are The ATM Fees in Germany?
- Tips For Avoiding ATM Fees in Germany
- Spend and Withdraw Worldwide with The Wise Card
- ATMs in Germany FAQs
ATMs in Germany are normally located inside or just outside bank branches. You’ll also find them at most major airports. They’re less common in places such as shopping malls and petrol stations. Germany’s major bankshave many ATMs, and they’ve made them easy to find with these online locators: 1. Commerzbank ATM locator 2. Deutsche Bank ATM locator...
German ATMs accept foreign bank cards, as long as they belong to a compatible card service. Most accept Visaand Mastercard debit and credit cards, which are the most commonly issued cards in the UK. This means you should be fine to use your UK-issued card in Germany. You’ll just need to check with your bank whether it has any charges for overseas t...
It could even be worth getting an alternative spending card, one that is specially designed for international travel. The Wise cardis the ideal travel companion, as it works in 150+ countries and lets you withdraw up to £200 a month (max. 2 withdrawals) from overseas ATMs without any fees*. You’ll just need to check that the ATM operator doesn’t ch...
So, how much will it actually cost you to use ATMs in Germany? There are three types of fees you need to consider: 1. The exchange rate 2. The ATM’s fees 3. Your home bank’s charges. We’ll look at all of these in more detail here, so you can calculate the true cost of using ATMs during your trip.
Always choose to be charged in the local currency
Some ATMs may offer you a ‘service’ of being charged in your local currency (i.e. GBP). It’s always best to decline this option, choosing instead to be charged in EUR. This helps you avoid hidden ATM rip-offs by giving you the best possible exchange rate. Check the latest GBP - EUR conversion rate below:
Avoid airport ATMs
ATMs at airports tend to be very expensive, charging high fees for withdrawing money or converting currency. So even though they may be convenient, they’re best avoided unless you have no other option.
Check whether your home bank has partner banks in Germany
If your UK bank has an overseas ATM network or partners with banks in Germany, you may be able to benefit from low or no fees on ATM withdrawals. It’s always worth finding out before you travel.
If you travel regularly, the Wise cardis the perfect way to spend and withdraw cash worldwide. It’s a dedicated travel card, letting you spend like a local in 150+ countries worldwide. It automatically converts your pounds to the local currency at the mid-market exchange ratewhenever you spend for only a small, transparent fee*. And when you need c...
Can I use my UK debit card in Germany?
Yes, German ATMs accept both Visa and Mastercard, which are the most commonly issued cards in the UK.
Should I use cash or card in Germany?
It’s a good idea to take a mix of cash and card to Germany for your trip. While cards are widely accepted, some shops have a €20 minimum spend limit2- so you may need cash for smaller purchases. In some places, cash is also preferred (or cards simply aren’t accepted).
How to avoid ATM fees in Europe?
To avoid ATM fees, look for fee-free ATMs, including banks which partner with your home bank in the UK. They may offer low or no fees for cash withdrawals. You should also choose for the transaction to be carried out in the local currency, without currency conversion.
Oct 17, 2013 · Free banking with monthly salary input of €1000. An optional free securities account. Free to withdraw cash at over 9,000 ATMs Cash Group, in more than 850 Postbank Finance Centers and in many branches of Deutsche Post. Free withdrawal with the credit card at home and abroad.
Aug 23, 2024 · The 5 best bank accounts in Germany with English services: Tomorrow: A digital bank that has a very low monthly fee. 1 free sub-account. Protect the climate with every Euros you spend. Bunq: A digital bank with cool features such as sending payment with the real exchange rate and tracking of group expenses.
