The Local Germany

Cashing in: Why Germany is an 'El Dorado' for bank machine raiders

Wed, 03 Jul 2019 17:29:28 +0200

Some 369 bank machines or ATMs were destroyed by explosions in Germany last year, a 38-percent increase compared with 2017 and 10 times more than a decade ago, according to data from the Federal Criminal Police Office (BKA).

Sparkasse ATMs out of action in western states

Fri, 25 Sep 2015 15:13:11 +0200

ATMs at Germany's publicly-owned Sparkasse banks in south and west Germany are refusing to provide customers with cash and bank statements on Friday due to a problem at one of the group's computer centres.

One in three cash machines replaced after 'skimming' attacks

Wed, 11 May 2011 10:54:00 +0200

German banks had to replace nearly a third of all their cash machines last year because they were too easy for criminals to manipulate, according to the Financial Times Deutschland on Wednesday.

Banks lower ATM fees

Sun, 27 Mar 2011 16:55:00 +0200

Several German banks have lowered their ATM charges for withdrawing money from rivals' accounts, following government intervention.

Banks to display extra ATM fees

Thu, 13 Jan 2011 17:58:00 +0100

Starting Friday at midnight, cash machines in Germany will display the extra fees customers of rival banks are charged when making withdrawals, allowing them to abort the transaction.

Banks threatened with withdrawal fee caps

Thu, 19 Aug 2010 10:24:00 +0200

Cash machine withdrawal fees could be capped by the government under a plan being hatched to stop banks stalling on an industry-wide agreement to slash soaring fees, a media report said Thursday.

Banks at odds over max ATM fees

Wed, 18 Aug 2010 17:19:00 +0200

German banks continue to bicker over how to meet federal regulator demands to reduce exorbitant cash machine fees by August 31, a media report said on Wednesday.

Banks' €5 ATM fee cap rejected

Wed, 07 Jul 2010 12:28:00 +0200

A €5 limit on cash machine withdrawal fees offered by banks amid intense criticism and government pressure was dismissed Wednesday by the competition watchdog as not good enough.

Banks signal readiness to reduce ATM fees

Fri, 26 Mar 2010 09:34:00 +0100

German Consumer Protection Minister Ilse Aigner said on Friday promised a solution to soaring cash machine withdrawal fees was on its way, as banks have signalled a willingness to agree to an upper limit.

Soaring ATM fees targeted by parliament

Wed, 17 Mar 2010 09:27:00 +0100

German banking customers being stung by cash machine withdrawal fees of up to €10 may get some relief after parliament's consumer affairs official declared Wednesday he planned to investigate the soaring costs.

Banks hike cash machine fees

Thu, 28 Jan 2010 16:16:00 +0100

A slew of German banks have begun charging their customers fees of up to €10 for using non-affiliated cash machines, a survey by consumer financial services company FMH showed on Thursday.