US EditionGermany's central bank says accessing cash is becoming tougher
8 Articles
8 Articles
According to a survey, more and more Germans have difficulty getting cash. As the number of ATMs and bank counters has fallen sharply, the Bundesbank warns: The times of a comprehensive cash supply are over.
Banknotes and coins as means of payment are still very popular in Germany. However, there are fewer and fewer bank counters and ATMs that can be supplied with them.
The German central bank warns that it is more difficult to obtain cash in the country because many banks have closed branches and reduced the number of ATMs.
The number of bank branches is decreasing, even fewer ATMs are available. Therefore, according to the Bundesbank, the expenditure of the citizens who want to supply themselves with cash is increasing.
Cash supply in Germany is still secure, but the Bundesbank sees downward trends and warns of future problems.
Germany's central bank says accessing cash is becoming tougher
Germany's supply of cash remains secure, despite the removal of thousands of ATMs and the closure of bank branches, but the future looks less certain, the German central bank said on Monday, reported dpa. "Good cash availability in Germany will no longer be a matter of course in the future," the Bundesbank said according to sections from its monthly report published on Monday. According to the Bundesbank analysis, the vast majority of citizens c…
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