2024-02-21 05:22:06
The Deutsche Bank subsidiary Postbank is drawing conclusions from the digital change and is applying red flags to its branches. What this means for customers now.
Deutsche Bank wants to stop offering financial services from its subsidiary Postbank in postal partner branches by the end of 2025. “We have been observing for some time that customers are increasingly carrying out their banking transactions online and the proportion of cashless payments is increasing,” said a spokesman for the institute to the “Handelsblatt” (Tuesday edition).
“With this in mind, we have decided to gradually stop offering these banking services in Deutsche Post’s partner branches by the end of 2025.” According to the newspaper, around 1,800 Swiss Post partner shops, such as stationery stores or other retailers, are affected by the measure. In addition to the services of Deutsche Post, they also offer financial services from Postbank, such as issuing cash.
Deutsche Bank is thus reducing the presence of its Postbank subsidiary even further. In October, the financial institution announced that it would focus more on online banking at Postbank and thin out the network of 550 Postbank branches. Around 250 locations are expected to be closed by mid-2026.