The Bankcard-Servicenetz ( lit. ' bank card service network ' ) is a German ATM card interbank network group provided by the Volksbanken und Raiffeisenbanken services group. Technically it is not an interbank network but uses the pre-existing girocard network. Member banks of this cash credit group charge ATM usage fees at a low level and most customers of the co-operative banks enjoy free withdrawal from their accounts. With 19,200 ATMs the Bankcard-Servicenetz group is the second largest ATM group in Germany (after the savings banks network).
11-629: In March 2012 more than 99% of the co-operative banks associated in the Federal Association of German 'Volksbanken und Raiffeisenbanken' Co-operative Banks participated in the Bankcard-Servicenetz network. The federal association publishes a list of banks that are not offering this service. Unlike other ATM groups like the Cash Group and CashPool , the ATM service network of Bankcard-Servicenetz
22-472: Is not free of charge – the service fee is not waived but the compact restricts the service fee to a common low level (usually 1,02 Euro and in some locations 2,05 Euro). However, in most tariffs of checking accounts, the service fee is taken over by the bank making the usage of the Bankcard-Servicenetz to be effectively free of charge to the customers. Some banks will show this by presenting a line of "Übernahme Gebühr: 1,02 EUR" ( "Takeover (of) Fees: 1,02 EUR" ) on
33-599: Is the umbrella association for the German Cooperative Financial Group . Its origins go back to 1864 as Allgemeiner Verband der auf Selbsthilfe beruhenden Deutschen Erwerbs- und Wirtschaftsgenossenschaften . As of 2015 it had 1,021 members, which represents all the cooperative banks in Germany, including local cooperative banks, PSD banks, Sparda banks, Church banks and Cooperative financial institutions, managing around 1.200 trillion euros. The BVR represents
44-632: The BVR's duties as an association. The three-strong Board of Managing Directors, which is appointed by the Administrative Board, manages the BVR's business operations and represents the BVR externally. The Administrative Board is composed of 12 members of the Association Council. The Administrative Board advises the Board of Managing Directors on matters of banking business and banking policy. It also has
55-531: The BVR. The BVR informs its member banks on economic and political developments and publishes the “Bank-Information” newsletter. European affairs are dealt with by a representation in Brussels. The BVR is member of the European Association of Co-operative Banks (EACB). Board of Managing Directors, Association Council, Administrative Board, and general meeting of members – these four governing bodies carry out
66-550: The Bankcard-Servicenetz: Some CashPool member banks have chosen to join also the Bankcard-Servicenetz. However, they point their customers to use CashPool ATMs for free withdrawal while offering to use the Bankcard-Servicenetz ATMs as a fallback option that allows depositors to withdraw cash money at a low fee that is actually charged to customers. This is the case for BBBank (2 times per month
77-598: The Network's strategic direction. It approves the strategic projects devised by special committees. The Chairman of the Association Council takes over with its election in accordance with the Articles of Association at the same time the chairmanship of the Administrative Board. The place for democratic decision-making in the Cooperative Financial Network is the general meeting of members, at which every institution has
88-645: The fee is taken over), Bank für Sozialwirtschaft , and Sparda-Bank . The list of 'Volksbanken und Raiffeisenbanken' institutes that do not participate in the Bankcard-Servicenetz is listed on the homepage of the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR). As of July 2015 the list did include only the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken The National Association of German Cooperative Banks ( German : Bundesverband der Deutschen Volksbanken und Raiffeisenbanken , BVR )
99-490: The interests of the German Cooperative Financial Institutions at both national and international levels and coordinates and develops the joint strategy within the Network. The BVR advises and supports its members on legal, taxation, and business management issues. The Cooperative Financial Group's institutional protection scheme is Germany's oldest deposit guarantee scheme for banks and is run by
110-404: The job of supervising the Board of Managing Directors and monitors how the Board of Managing Directors runs the protection scheme. Chairman of the administrative board is in accordance with the Articles of Association the respective chairman of the association council. The Association Council comprises up to 50 members, 12 of whom make up the Administrative Board. The Association Council decides on
121-442: The statement of account. Some banks with a very scattered structure of customers choose to not join the ATM group as the share of paying other bank's service fees would be significantly larger than being able to charge service fees within the interbank network. This is often the case with some industry trades co-operatives and most of the ecclesiastical banks. Banks that are not "Volksbanken und Raiffeisenbanken" but still members of
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