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Cash Pool
CashPool is a cooperation of a multitude of smaller or virtual bank, virtual Germany, German private banks, in which they mutually waive ATM usage fees for their customers. It is not an interbank network but uses the pre-existing girocard, German ATM or Maestro (debit card), Maestro/Cirrus (interbank network), Cirrus networks. With more than 3200 ATMs, the cooperating banks' ATM networks form the smallest ATM group in Germany. The cooperation was founded in 2000. Its primary competitor in Germany is Cash Group. Background Most banks in Germany, while connected through the Girocard#ATM network, German ATM network, charge ATM usage fees for customers of other banks. In 1998, the six largest German private banks established Cash Group, mutually waiving these fees within the Group. After the formation, other private banks tried to join Cash Group but were not accepted into the Group. Being smaller than the six large private banks, they operated fewer ATMs and thus would have unil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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In economics, cash is money in the physical form of currency, such as banknotes and coins. In book-keeping and financial accounting, cash is current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately (as in the case of money market accounts). Cash is seen either as a Reserve (accounting), reserve for payments, in case of a structural or incidental negative cash flow or as a way to avoid a downturn on financial markets. Etymology The English word ''cash'' originally meant , and later came to have a secondary meaning . This secondary usage became the sole meaning in the 18th century. The word ''cash'' comes from the Middle French , which comes from the Old Italian , and ultimately from the Latin . History In Western Europe, after the fall of the Western Roman Empire, coins, silver jewelry and hacksilver (silver objects hacked into pieces) were for centuries the only form of money, until Republic of Venice, Venetian merchants ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
