ATMs: Cheating is more expensive – Tagesspiegel

10/07/2015 17:38 clock By Heike Jahberg <- inTeaserPicPosition: 1 -> <- self.position:! 1 -> <- classId: HCF Centre -> <- position: center -> <- inIsPrint: false -> <- inHasPic: true ->

German bank Commerzbank and adjust their fees when to withdraw money – upward. Prototype Volksbanken and Sparkassen. Consumer advocates speak of rip-off.

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When it comes to money is that banks are inventive. Thus the Berlin remain liquid even at street festivals or concerts, the Berliner Volksbank sends even an ATM on Tour: their “loot-vice”, a small, three-wheeled mini vices to which the engine is mounted.

For clients of the Bank of the service is free, but who has his account at another financial institution, should the rolling armored car rather avoid. After all, the withdrawal will be at the “dough-vices” then 3,95 Euro due.

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The Sparkasse beats all – at the highest price

The Cheating can be costly in the banking world. Especially savings banks and cooperative banks long liked to here. Who has his account as at Deutsche Bank or at Commerzbank in German savings banks must pay on average between four and 4.50 euros when it concerned itself with the debit card cash in a savings bank machines. Going to one of the 623 machines of the Berliner Sparkasse, even EUR 4.95 will be charged.

In the Berliner Volksbank, the machine fee depends on the location of the machine. Is the machine in the store, there are 1,95 Euro, Volksbank has built the machine in a shopping center or at a gas station, there are 3,95 Euro. The private banks were far more reserved. They settle for 1.95 euros. But those days coming to an end.

Commerzbank adapts – up

The German Bank, its subsidiary Postbank and Commerzbank have terminated the agreement of the private banks to limit charges. From October, Commerzbank wants to collect from foreign customers 3.90 euros. The German Bank and Postbank have not yet decided how much the fee will be. Hypo-Vereinsbank will once watch the market and remains at the 1.95 euros, the ING Diba continues to adhere to the 1.95 euros.

It is clear that customers from the composite of the Cash Group – German Bank, Postbank, Berliner Bank, Noris Bank, Commerzbank, comdirect Hypo-Vereinsbank – can, however, continue to get free cash in the bond banks. 9000 machines are available for them. Compared to the competition which is, however, little.

Competition idea did not work

More than 25,000 ATMs, the Savings Banks Group, with the cooperative banks there are over 19,600. In order not to give them a competitive advantage out of hand, to savings and cooperative banks had refused to conclude a joint agreement with the private banks. This had in 2011 agreed on the maximum cost limit in order to avoid legal regulations or requirements of the Federal Cartel Office, who wanted to put an end to the abuse charges.

Secretly had the private banks hoping that savings and cooperative banks to follow suit and the charges would reduce to their level. But this hope has not been fulfilled – and will not be fulfilled according to Tagesspiegel searches also.

Politics does not want to intervene

Consumer advocates are outraged. “One reason for the increase in the Abhebegebühr, is that competition is not working and rip the savings banks and cooperative banks with high fees of up to five euros more,” said Dorothea Mohn, financial expert of the Federation of Consumer Organizations, the Tagesspiegel. “No institution should be able to enrich at this point. If the private banks have so far gotten along with 1.95 euros, then you can continue. And the savings banks and cooperative banks must succeed, “says Mohn.

Sanctions need the industry but not to worry. Neither the Federal Cartel Office nor the Federal Ministry of Justice will take action at present. Instead, State Secretary Ulrich Kelber tried in life help: “The consumers should be careful to differentiate free only within their own banking group cash” advises the SPD politician from the Ministry of Justice. “Combined with farsighted supply with free cash foreign withdrawals can often be avoided.”

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