New DKB customers that have only ever used a regular bank card need to learn the optimal usage of the cards. This is important so that the DKB account is really, as promised, absolutely free.
When the bank card is used for withdrawals (as one did with the previous bank) annoying fees are incurred.
Both cards have no annual fee.
How to make free cash withdrawals
- You take the DKB Visa Card
- Go to an ATM with the VISA symbol (these are the vast majority of machines in Germany and worldwide)
- Select the language (this message appears mainly because tourists often purchase through credit card cash)
- Enter the PIN and choose your withdrawal amount
What happens when you put the bank card into the ATM?
- The language selection is missing, you will be prompted to enter the PIN
- You will be prompted to specify the desired amount
- The withdrawal fees will be displayed on the monitor
- At this stage, the transaction can be cancelled at no cost (this is recommended)
Note: Always use the DKB VISA card to withdraw money – that’s the only way to ensure that the cash withdrawal is free!
For further information about the account: www.dkb.de/privatkunden/dkb_cash.
3 frequently asked questions and their answers!
What is the maximum I can withdraw with the VISA Card?
Outside of Germany, one can theoretically withdraw the entire monthly credit limit or balance all at once, if you have that loaded onto the card (savings interest rate). In practice, this hardly works as due to security reasons ATMs have daily limits.
Abroad, a withdrawal of 10,000 euros within 29 days is allowed with the card. Either over the period or all in one day. However, one would have to use several ATMs.
In Germany, there is a daily limit of 1,000 euros. Most ATMs will give this amount. There are only a few machines that operate with a lower limit per withdrawal. It is possible to do two withdrawals or use another machine.
What is the advantage of paying with a credit card?
The interest rate gains for the customer!
And this is how it works at the DKB:
When you pay with the regular bank card, the booking will be immediately charged to the current account and correspondingly, less credit interest is obtained or you immediately have to pay interest on loans, if you have an overdraft.
With the DKB VISA card, all bookings (including the free cash withdrawals) will be collected on the credit card account. On the 22nd of each month the credit card account is cleared with the current account. Up to this point, there are no credit interest charges.
Why do I still need the regular DKB bank card?
Even though the acceptance of credit cards is continuously increasing, it is not always possible to pay with credit cards in all stores. Here it is then useful to have the DKB bank card.
And in an emergency, if the credit card daily withdrawal amount is already maxed out, then you can “bite the bullet” and use the bank card to withdraw cash for a fee.
Do you have any further questions about the use of DKB and cash?
Then post it as a comment at the end of the page. I will respond as soon as possible.