Cash Group

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The color of the Cash Group logo symbolizes the five founding companies. Yellow: Commerzbank, blue: Deutsche Bank, green: Dresdner Bank, dark blue: Hypovereinsbank, blue: Postbank

The Cash Group is a merger of several private credit institutions in Germany that has existed since 1998 with the aim of enabling its own customers to withdraw money free of charge using girocard or bank card at member companies' ATMs .

founding

The establishment was a response to the termination of the maximum fee agreement with regard to ATM fees by the Sparkassen-Finanzgruppe in 1997. The savings banks, which operate 45% of ATMs in Germany, wanted to push through an increase in fees, which used to be DM 4. After this was not supported by the Federal Cartel Office , the fees were freely set by the respective ATM operator and passed on to the disposing customer. The so-called interchange fee was introduced with the EU price regulation 2560/2001, which stipulated equal payment for transactions within the EU in EURO with comparable domestic transactions. According to this, the fee that the customer had to pay was to be determined by his respective house bank. The interchange fee, which the ATM operator charged the house bank of the disposing customer, could no longer be passed on to the customer according to EU regulation 2560/2001. This meant that competition between ATM providers was no longer possible. This led to the fact that the interchange fees for third party dispositions rose sharply.

The banks involved in the Cash Group operate around 9,000 of the total of 60,000 ATMs in Germany (as of 2014). In addition, there is the possibility of commission-free cash withdrawals at the tills of around 1,300 Shell petrol stations. Abroad, customers of individual member institutions can use additional ATMs from cooperation partners or the parent company's own branches free of charge. Occasionally, customers of other members of the Cash Group also benefit from this. Examples of this are the free use of the ATMs of Unicredit Bank Austria , the Italian Unicredit Banca and Romanian Unicredit Țiriac Bank for customers of the German Unicredit Bank or the use of the Deutsche Bank ATMs in Italy and Spain for customers of other Cash Group members, such as Commerzbank .

Comparison with other groups

Current members

The following German banks and their subsidiaries belong to the Cash Group:

Former members or subsidiaries

Deutsche Postbank
The founding member left the company on May 25, 2018 after the merger with DB Privat- und Firmenkundenbank . Customers of the current Postbank brand in the Deutsche Bank Group can still use the Cash Group.
Berlin bank
The institute became part of the Deutsche Bank Group at the beginning of 2007 and was most recently a branch of DB Privat- und Firmenkundenbank. The independent brand identity was given up in 2017.
Oldenburgische Landesbank
The Oldenburgische Landesbank (OLB) was a subsidiary of the former Dresdner Bank and thus part of the Allianz Group. When Commerzbank took over Dresdner Bank, however, OLB remained in the Allianz Group and did not go to Commerzbank. This also ended the official membership in the Cash Group. OLB has been a member of the cash pool since April 2018 .
Allianz Bank
Allianz Bank was a legally dependent branch of Oldenburgische Landesbank (OLB). Although OLB was still a member of the Cash Group when the Allianz Bank branch was founded in June 2009, the Allianz Bank ATMs could not be used free of charge. This was only possible for our own customers and for OLB customers. However, a corresponding agreement was later reached between the Allianz Group and the other cash group banks so that from mid-2010 customers of all cash group banks could use the Allianz Bank ATMs free of charge. However, Allianz Bank was still not listed as a member on the Cash Group's homepage, nor were its ATMs shown in the search function on the homepage. It was only possible to search for all free ATMs using the search function on the Allianz Bank website. When Allianz Bank ceased business on June 30, 2013, the ATMs it operated were also dismantled.
W. Fortmann & Sons
Bankhaus W. Fortmann & Söhne was an independent subsidiary of Oldenburgische Landesbank (OLB) until the end of 2014. On January 1, 2015, it became an dependent branch of OLB, when OLB was still an official member of the Cash Group, never an official member itself and is not mentioned as such on the Cash Group homepage. The bank's ATM could be found using the search function on the Cash Group's homepage.
Dresdner Bank
Takeover by Commerzbank . The brand continues to exist for the Commerzbank branch in Dresden on Altmarkt.
Advance Bank
Advance Bank was a subsidiary of Dresdner Bank and was merged with Dresdner Bank in November 2003 .
Bremer Bank
Takeover of the parent company Dresdner Bank by Commerzbank
Club and West Bank
The Vereins- und Westbank was a subsidiary of the Bayerische Hypo- und Vereinsbank and was merged with it in January 2005.
Westfalenbank
Until 2006, Westfalenbank was a subsidiary of Bayerische Hypo- und Vereinsbank and as such a member of the Cash Group. After being broken up into several business areas and sold to other companies, membership in the Cash Group also ended.
Banking house CL Seeliger
The CL Seeliger banking house belonged to the Bayerische Hypo- und Vereinsbank until 2006 and was thus a member of the Cash Group. Then it switched to the cash pool .
Reuschel & Co.
The bank was part of the Dresdner Bank Group until 2009. After the takeover by Conrad Hinrich Donner Bank , the bank left the Cash Group at the beginning of April 2010 and switched to the Cashpool .
DAB bank
Due to the takeover by BNP Paribas in 2014, DAB Bank left the Cash Group on February 1, 2015. Cash withdrawals at the German ATMs of the Cash Group members remained free of charge for customers of DAB Bank, as the bank assumed the fees incurred.
Banking house Neelmeyer
The bank was a subsidiary of the Vereins- und Westbank and the Bayerische Hypo- und Vereinsbank. After being taken over by Bremer Kreditbank , it left the Cash Group on April 1, 2017.

Web links

Individual evidence

  1. ↑ Ulrich Immenga and Thorsten Körber: Market definition and market dominance in the use of ATMs (PDF; 1.5 MB)
  2. ↑ Financial report of the Sparkassen-Finanzgruppe , dsgv.de, accessed on August 22, 2015
  3. ↑ PK with annual financial statements ( memento from September 10, 2012 in the Internet Archive ), bvr.de, accessed on August 22, 2015
  4. ↑ Cashpool with 2,900 ATMs , cashpool.de, accessed on August 22, 2015
  5. ↑ Information on the change in the main shareholder at DAB Bank. DAB Bank AG, archived from the original on March 4, 2016 ; Retrieved April 30, 2014 .
  6. ↑ Service . ( Memento of December 10, 2018 in the Internet Archive ) Website of the bank, accessed on July 3, 2017.