Better to avoid those ATMs. You'll pay a luck for cash

You can better avoid utilizing these ATMs that charge extra charges. Even if you usually pay your purchases with a card, there are situations erstwhile you just request cash in your hand. Despite the increasing popularity of non-cash transactions that gained momentum during the pandemic period, Germany inactive prefers cash payments. There are many ways to avoid the fees associated with cash withdrawal, but many people proceed to fall into the trap of ATM charges. Therefore, it is worth being aware of which ATMs are better to avoid additional costs.

Free cash withdrawal

Be careful erstwhile choosing an ATM to retreat cash. You can usually retreat money from an ATM belonging to a local bank at no extra charge. However, another places can charge up to EUR 5 or more for cash withdrawals. The key information is that if an ATM imposes additional charges, appropriate information should appear on the screen, allowing customers to cancel the transaction in advance.

Additionally, there are partner banks associations that offer free cash withdrawals to customers. Examples include Cashgroup (Commerzbank, Deutsche Bank, Hypovereinsbank, Postbank) and Cashpool (Sparda, Santander, Targobank, Degussa, BBBank). These partnerships let customers of these banks to usage ATMs of another institutions at no extra charge, which is an crucial benefit for those who want to avoid the cost of cash withdrawals outside their bank network.

More and more private companies

ATMs in conventional banks begin to disappear, and the companies that specialise in ATM networks that constantly grow them are gaining on this. These companies frequently charge advanced fees for the usage of their services due to their income only from ATMs.

Finding an ATM can be done in different ways. Of course, you can simply usage the Google search engine and then usage Google Maps to find the nearest ATM. Another option is to usage a banking application, which frequently integrates the function of locating ATMs. In addition, there are specialized tools, specified as Das Örtliche, which are utilized to search for ATMs.

With these ATMs, it's better not to pay money.

• One of the largest suppliers of “private” ATMs in Germany is an American company Euronet. Customers must pay from 1.95 euros to 4.99 euros for 1 payment.
• Company IC Cash Services GmbH besides supports ATMs in Germany. In this case, the fee is variable, but customers usually gotta charge between 5 and 8 euros.
• Payments besides cost Cardpoint. Fees are besides variable, but are usually around EUR 5 per transaction.

How to retreat cash free of charge without an ATM?

• If you want to avoid unnecessary charges, pay cash auATM at the local bank. The alternate are partner bank ATMs specified as Cashgroup.
• If you do not request cash on Sunday or in the mediate of the night, you can besides retreat money in cash registers supermarkets, construction markets or drugstores. If you acquisition for a certain minimum amount (usually between 10 and 20 euros), you can retreat cash free of charge with Girocard straight at the cash register. The maximum amount is usually EUR 200.

Ignacy Michałowski

OSINT investigator with experience in global journalism projects. It has been publishing materials for over 20 years for the largest releases. In social activities he engaged in various projects and initiatives aimed at improving the quality of life of people, especially those of mediocre communities. He was besides active in the fight for human rights. Contact: [email protected]