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.