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German Banks to End Shell Cash Withdrawal Partnership in June

The termination affects 1,300 Shell stations, accelerating the shift to app-based cash solutions as ATM access declines.

Overview

  • The Cash Group's partnership with Shell gas stations for cash withdrawals will end on June 30, 2025, impacting 1,300 of 2,000 locations.
  • The decision reflects broader trends, including declining ATM availability due to vandalism, cost-cutting, and the rise of digital payments.
  • Postbank’s Bargeld-Code, introduced in November 2024, allows users to withdraw or deposit up to €1,000 using barcodes at 12,500 participating retailers.
  • Deutsche Bank is developing a similar app-based solution, expected to launch by late 2025, to address cash access needs.
  • Rural residents and older individuals without smartphones face increasing challenges as traditional cash access points diminish.