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Cash Group
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. It is not an interbank network but uses the pre-existing girocard network. With more than 7000 ATMs, the cooperating banks' ATM networks form the third largest ATM network in Germany. The cooperation was founded in 1998 and is generally not open to other members. Its primary competitor in Germany is CashPool. Background Most banks in Germany, while connected through the girocard network, charge ATM usage fees for customers of other banks. Prior to 1998, the charge was fixed to 4,00 DM (2,05 €) or 1%, whichever was higher. However, this agreement was terminated by the Sparkassen (public banks), who jointly operate the largest German ATM network, arguing that the cost of operating ATMs was unfairly laid on them when virtual banks entered the market. As a conse ...
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In economics, cash is money in the physical form of currency, such as banknotes and coins. In bookkeeping and financial accounting, cash is current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately (as in the case of money market accounts). Cash is seen either as a reserve for payments, in case of a structural or incidental negative cash flow or as a way to avoid a downturn on financial markets. Etymology The English word "cash" originally meant "money box", and later came to have a secondary meaning "money". This secondary usage became the sole meaning in the 18th century. The word "cash" derives from the Middle French ''caisse'' ("money box"), which derives from the Old Italian ''cassa'', and ultimately from the Latin ''capsa'' ("box").. History In Western Europe, after the fall of the Western Roman Empire, coins, silver jewelry and hacksilver (silver objects hacked into pieces) were for centuries the only form of money, ...
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Frankfurt Am Main
Frankfurt, officially Frankfurt am Main (; Hessian dialects, Hessian: , "Franks, Frank ford (crossing), ford on the Main (river), Main"), is the most populous city in the States of Germany, German state of Hesse. Its 791,000 inhabitants as of 2022 make it the List of cities in Germany by population, fifth-most populous city in Germany. Located on its namesake Main (river), Main River, it forms a continuous conurbation with the neighboring city of Offenbach am Main and Frankfurt Rhein-Main Regional Authority, its urban area has a population of over 2.3 million. The city is the heart of the larger Rhine-Main metropolitan region, which has a population of more than 5.6 million and is Germany's Metropolitan regions in Germany, second-largest metropolitan region after the Rhine-Ruhr region. Frankfurt's central business district, the Bankenviertel, lies about northwest of the geographic centre of the EU, geographic center of the EU at Gadheim, Lower Franconia. Like France and Franc ...
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Financial Services Companies Of Germany
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability a ...
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Interbank Networks
An interbank network, also known as an ATM consortium or ATM network, is a computer network that enables ATM cards issued by a financial institution that is a member of the network to be used to perform ATM transactions through ATMs that belong to another member of the network. However, the functions which may be performed at the network ATM vary. For example, special services, such as the purchase of mobile phone airtime, may be available to own-bank but not to network ATM cardholders. Furthermore, the network ATM owner may charge a fee for use of network cards (in addition to any fees imposed by the own-bank). Interbank networks enable ATM cardholders to have access to ATMs of other banks that are members of the network when their own bank's ATM is unavailable. This is especially convenient for travelers traveling abroad, where multinational interbank networks, like Plus or Cirrus, are widely available. Interbank networks also permit, through different means, the use of ...
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Münster (Westfalen)
Münster (; nds, Mönster) is an independent city (''Kreisfreie Stadt'') in North Rhine-Westphalia, Germany. It is in the northern part of the state and is considered to be the cultural centre of the Westphalia region. It is also a state district capital. Münster was the location of the Anabaptist rebellion during the Protestant Reformation and the site of the signing of the Treaty of Westphalia ending the Thirty Years' War in 1648. Today it is known as the bicycle capital of Germany. Münster gained the status of a ''Großstadt'' (major city) with more than 100,000 inhabitants in 1915. , there are 300,000 people living in the city, with about 61,500 students, only some of whom are recorded in the official population statistics as having their primary residence in Münster. Münster is a part of the international Euregio region with more than 1,000,000 inhabitants ( Enschede, Hengelo, Gronau, Osnabrück). History Early history In 793, Charlemagne sent out Ludger as a mis ...
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DAB Bank
DAB, dab, dabs, or dabbing may refer to: Dictionaries * ''Dictionary of American Biography'', published under the auspices of the American Council of Learned Societies * ''Dictionary of Australian Biography'', published since 1949 Places * Dąb, Katowice, a district in southern Poland * Dąb, Greater Poland Voivodeship, a village in west-central Poland * Dąb, Lubusz Voivodeship, a village in west Poland * Dąb, Warmian-Masurian Voivodeship, a village in northern Poland * Dab, Chakwal, a village in Punjab, Pakistan Organizations * Da Afghanistan Bank, central bank of Afghanistan *, a Danish non-profit housing association * Defense Acquisition Board, a United States Department of Defense purchasing oversight board * Democratic Alliance for the Betterment and Progress of Hong Kong The Democratic Alliance for the Betterment and Progress of Hong Kong (DAB) is a Pro-Beijing camp (Hong Kong), pro-Beijing Conservatism, conservative political party in Hong Kong. Chaired by Star ...
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Quickborn
Quickborn is a rich town in the district of Pinneberg, in Schleswig-Holstein, Germany. It belongs to Metropolregion Hamburg and is located on the north part of Hamburg on Autobahn A7. Geography Quickborn is located about 18 km north from the centre of Hamburg, on the eastern edge of Kreis Pinneberg. It lies on the A7 between Hamburg and Neumünster. It is situated just 6 km from the Hamburg Airport. Quickborn is also located along the Hamburg-Altona–Neumünster railway, which connects it to the AKN railway and buses of the Hamburger Verkehrsverbund. Northwest of Quickborn is the Himmelmoor, the largest raised bog in Schleswig-Holstein, which is about 605 hectares large. It has long been used for peat mining. For this purpose, a narrow-gauge railway was built through the bog. South of the city is the Holmmoor, a nature preserve that is about 110 ha. large. International relations Quickborn is twinned with: * Boxholm, Sweden (since 13.09.1974) * Uckfield, S ...
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Berlin
Berlin is Capital of Germany, the capital and largest city of Germany, both by area and List of cities in Germany by population, by population. Its more than 3.85 million inhabitants make it the European Union's List of cities in the European Union by population within city limits, most populous city, as measured by population within city limits having gained this status after the United Kingdom's, and thus London's, Brexit, departure from the European Union. Simultaneously, the city is one of the states of Germany, and is the List of German states by area, third smallest state in the country in terms of area. Berlin is surrounded by the state of Brandenburg, and Brandenburg's capital Potsdam is nearby. The urban area of Berlin has a population of over 4.5 million and is therefore the most populous urban area in Germany. The Berlin/Brandenburg Metropolitan Region, Berlin-Brandenburg capital region has around 6.2 million inhabitants and is Germany's second-largest metropolitan reg ...
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Oldenburg (Oldenburg)
Oldenburg () is an independent city in the state of Lower Saxony, Germany. The city is officially named Oldenburg (Oldb) (''Oldenburg in Oldenburg'') to distinguish from Oldenburg in Holstein. During the French annexation (1811–1813) in the wake of the Napoleonic war against Britain, it was also known as ''Le Vieux-Bourg'' in French. The city is at the rivers Hunte and Haaren, in the northwestern region between the cities of Bremen in the east and Groningen (Netherlands) in the west. It has a population of 170,000 (November 2019). Oldenburg is part of the Bremen/Oldenburg Metropolitan Region, with 2.37 million people. The city is the place of origin of the House of Oldenburg. Before the end of the German Empire (1918), it was the administrative centre and residence of the monarchs of Oldenburg. History Archaeological finds point to a settlement dating back to the 8th century. The first documentary evidence, in 1108, referenced ''Aldenburg'' in connection wit ...
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Bremen
Bremen (Low German also: ''Breem'' or ''Bräm''), officially the City Municipality of Bremen (german: Stadtgemeinde Bremen, ), is the capital of the Germany, German States of Germany, state Bremen (state), Free Hanseatic City of Bremen (''Freie Hansestadt Bremen''), a two-city-state consisting of the cities of Bremen and Bremerhaven. With about 570,000 inhabitants, the Hanseatic League, Hanseatic city is the List of cities in Germany by population, 11th largest city of Germany and the second largest city in Northern Germany after Hamburg. Bremen is the largest city on the River Weser, the longest river flowing entirely in Germany, lying some upstream from its River mouth, mouth into the North Sea, and is surrounded by the state of Lower Saxony. A commercial and industrial city, Bremen is, together with Oldenburg (city), Oldenburg and Bremerhaven, part of the Bremen/Oldenburg Metropolitan Region, with 2.5 million people. Bremen is contiguous with the Lower Saxon towns of Delmenhor ...
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Dresdner Bank
Dresdner Bank AG was a German bank and was based in Frankfurt. It was one of Germany's largest banking corporations and was acquired by competitor Commerzbank in May 2009. History 19th century The Dresdner Bank was established on 12 November 1872 through the conversion of the private banks Michael Kaskel and Bernhard Gutmann. The Dresdner Bank founding consortium consisted of Allgemeine Deutsche Creditanstalt (Leipzig), Berliner Handels-Gesellschaft (Berlin), Deutsche Vereinsbank (Frankfurt am Main), Deutsche Effecten- und Wechselbank (Frankfurt am Main) and Anglo-Deutsche Bank (Hamburg) with an initial capital of 8 million Thalers (24 million Marks) and 30 employees in Wilsdruffer Strasse in Dresden. From 1872 until his retirement in 1920, (1840-1925) was chairman of the board. In the 1870s, the Dresdner Bank acquired smaller regional institutes and several banks. The new branch in Berlin quickly exceeded the office in Dresden; therefore, the registered office moved to Be ...
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