The southern-most bank in continental Europe, Deutsche Bank was founded in 1870 and is headquartered in the financial district of Frankfurt. It is one of the continent’s largest banks, with over 10,000 employees spanning operations across Europe, USA, Asia and the emerging markets. Founded in 1850 by a linen merchant, Deutsche Bank began to grow rapidly after World War II when it moved its headquarters to Frankfurt.
Deutsche Bank, headquartered in Frankfurt, Germany, has been around for over 150 years. It was originally founded as a commercial bank with the goal of helping companies to help with financing. However, in recent decades, Deutsche Bank has evolved into one of the largest investment banks in Europe. Deutsche Bank’s most notable accomplishment during this time period was when it helped to work on the bailout package for Greece in 2010.
Debit Card Facilities
At Deutsche Bank, we understand that our debit card services are a vital part of your banking experience. That’s why we offer a variety of products and options to meet your every need! We offer more than 20 different types of debit cards- from everyday use cards like the Debit MasterCard®, Debit Rewards®, and the Platinum Debit Card®; to checking account specific cards like the Student Checking Account Card and Select Checking Account Card.
In a recent article, Financial Times reported that shareholders seem to be unhappy with Deutsche Bank’s current situation with their own shares. In the last few years, the German bank has seen a 15% drop in its stock price. The drop is not stopping however as Deutsche Bank is still losing most of their money from trading itself. At this point, it seems as if Deutsche Bank might have to merge or sell off some of its assets to try and make a profit again.
Deutsche Bank is one of the largest international financial institutions. As an international bank, Deutsche has more than 2,000 branches in 50 countries. It employs approximately 100,000 people all over the world. The company offers dozens of financial products for customers’ needs. One hidden job that is becoming more popular at Deutsche Bank are salary sorters. These employees are responsible for making sure that salaries are being paid out to the appropriate departments on time and order.
Deutsche Bank is refusing to allow their customers to withdraw more than €1000 cash per day at the bank. This policy, enforced by the German Government’s Financial Market Stabilization Fund (FMSA), is part of an effort to prevent money laundering and other illegal activities.
Tracking Your Spending
You have a new way to monitor your spending. Deutsche Bank is launching a new mobile app that will allow you to track your expenses and keep up with your bank balance. The app is called Bank Augmented Reality and it will take advantage of augmented reality technology to produce interactive graphics that can be viewed through the camera of an iOS or Android device.
Cash Withdrawal Fees
In recent years there has been a constant worry about the stability of the European Union and their financial institutions. Recently, Deutsche Bank withheld cash withdrawals as large as €100,000 (about $116) to protect against “money laundering risks.” The bank also plans to limit cash transactions to €5,000 (about $6,400). These policies come in an attempt to shore up the bank’s deteriorating finances and avoid a bailout from Germany’s government.
Card Replacement Fees
A lot has changed in the banking industry since 2008. With new regulations, many of these changes are to protect the consumer. One change that some consumers might not like is the fee Deutsche Bank charges for replacing a credit or debit card after it has been lost or stolen. The current fees were first introduced in 2013 and range between $10 and $25 depending on the country where the card is being replaced, with most countries falling in the range of $15-20 per replacement.