Apart from ATMs, Deutsche Bank wants to ban cash from its branches in the medium term.
This was announced by Lars Stoy, who is responsible for the domestic private customer business of Germany's largest commercial bank, at an investor conference of the institute.
"In the future, I don't want to offer cash in the branches anymore, because holding cash incurs costs," said Stoy.
According to his plans, cash should only be offered in a few large centers.
Stoy did not name a timetable for the measure.
In general, he wants to further reduce the number of branches in Germany.
"The main job of the branch is sales," Stoy said. "Advising customers on investments, mortgages, to some extent consumer credit and insurance.
Then branches will also be profitable again,” said Stoy.
With the plans, Deutsche Bank is also responding to changes in customer behavior.
The trend towards cashless payment is increasing significantly.
The demand for personal advice is also increasing, Stoy explained.
When it comes to supplying cash, Deutsche Bank refers to “a nationwide network of ATMs” that will remain unaffected.
In addition, money can also be withdrawn when shopping in the supermarket or at the gas station.