CashPool

Infobox Interbank Network
name = CashPool

area = Germany
foundation = 2000
members = 29
atm = >2,500

CashPool is an interbank network in Germany, which connects the ATMs of 29 smaller German banks.The network was founded in 2000 by these banks and is, in contrast to its primary competitor Cash Group, open to new members. It is the smallest German interbank network, with more than 2,500 ATMs. [http://www.cash-pool.de/detail.htm CashPool ] ] , and 29 participating financial institutions. The network is owned and operated jointly by these participating institutions.

Characteristics of CashPool

Most banks in Germany charge ATM usage fees. In 1998, the five largest German banks established Cash Group to develop a common infrastructure and cut costs and later chose not to charge ATM usage fees to their clients within the Cash Group network. After its formation, other German banks tried to become members of Cash Group but no other bank was accepted by the exsiting members, except new subsidiaries of the so called big five. Therefore, in 2000, several smaller German banks founded CashPool as an answer to Cash Group.CashPool, like Cash Group, does not charge ATM usage fees within its network. Today, CashPool is Cash Groups primary competitor in Germany. However, it is significant smaller since Cash Group has more than 7,000 ATMs [http://www.cashgroup.de Cash Group ] ] within its network. Norisbank GmbH, one of the current members of Cash Group, originally was a member of CashPool. It left CashPool and became a member of Cash Group after its acquisition by Deutsche Bank in 2006. The ATM cards within the CashPool network are actually co-branded CashPool/Maestro cards and are therefore, in fact, debit cards. Pure CashPool ATM cards, without debit card function, are not issued. However, such pure ATM cards are rare in Germany since they are virtually only issued to people with a bad credit history.

Current and Former Members of CashPool (incl. headquarters)

Current members

* Anton Hafner OHG, Bankgeschäft, Augsburg
* Bank für Sozialwirtschaft AG, Cologne
* Bankhaus Bauer, Stuttgart
* Bankhaus C. L. Seeliger, Wolfenbüttel
* Bankhaus E. Mayer AG, Freiburg im Breisgau
* Bankhaus Gebr. Martin AG, Göppingen
* Bankhaus J. Faisst OHG, Wolfach
* Bankhaus Ludwig Sperrer KG, Freising
* Bankhaus Max Flessa KG, Schweinfurt
* Bank Schilling & Co. AG, Hammelburg
* Bankverein Werther AG, Werther, North Rhine-Westphalia
* BBBank eG, Karlsruhe
* Citibank Privatkunden AG & Co. KGaA, Düsseldorf
* Conrad Hinrich Donner Bank AG, Hamburg
* Degussa Bank GmbH, Frankfurt am Main
* Fürstlich Castell’sche Bank, Credit-Casse AG, Würzburg
* Gabler-Saliter Bankgeschäft KG, Obergünzburg
* GE Money Bank GmbH, Hannover
* Joh. Berenberg, Gossler & Co. KG, Hamburg
* Merkur Bank KGaA, Munich
* National-Bank AG, Essen
* netbank AG, Hamburg
* Pax-Bank eG, Cologne
* Santander Consumer Bank AG, Mönchengladbach
* SEB AG, Frankfurt am Main
* Sparda Banken-Gruppe
* Steyler Bank GmbH, Sankt Augustin
* Südwestbank AG, Stuttgart
* Wüstenrot Bank AG Pfandbriefbank, Ludwigsburg

Former Members

* SchmidtBank KGaA, Hof
* Baden-Württembergische Bank AG (BW-Bank), Stuttgart
* Erste Rosenheimer Privatbank AG, Rosenheim
* Norisbank AG, Nürnberg
* CVW-Privatbank AG, Wilhermsdorf
* readybank ag, Berlin

References

External links

* [http://www.cash-pool.de/ Official website (German)]