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There are three reasons for producing new banknotes: the note is badly damaged and has been removed from circulation, there is increased seasonal demand for cash or an unexpectedly high need for cash. The European Central Bank (ECB) creates a central forecast of the number of banknotes needed for ea

What are euro banknotes made out of?

According to the Deutsche Bundesbank, private households in Germany had, at the end of 2023, financial assets worth over seven billion euro. The majority of this money (41.5 percent) is sitting in checking and call accounts, savings accounts or even hidden under mattresses. Only 12.5 percent of fina

Five tips for investing in shares and funds

In Germany, it is usually customary to tip five to ten percent of the bill as a thank-you for good service. In some countries, however, the standard percentage given as a tip is higher, and in others you might even end up insulting someone by providing a tip. We have collected a list of appropriate tips for a variety of locations, as well as any other peculiarities to watch out for when tipping while on holiday.

Five suggestions for tipping on holiday

Innovative business ideas, new products or exciting projects require seed money. Crowdfunding or investing is one of many options for acquiring seed money and getting your project on the market. But what is crowdfunding? And what is the difference between crowdfunding and crowdinvesting? What are th

Crowdfunding: what to consider

Fraud is on the rise. According to the German Federal Criminal Police Office (Bundeskriminalamt), the risk posed by cybercrime continues to increase. Criminal tricks designed to acquire sensitive data are more sophisticated than ever, and harder to detect. It is therefore particularly important to a

Protect yourself from fraud: ten tips

Which holiday destinations are the best value-for-money this summer? Comparing your purchasing power in various destinations will give you a good idea. After all, a euro is not worth the same everywhere. Depending on the country, you could get more or fewer goods and services for the same amount – i

Purchasing power: best value-for-money summer holidays in Türkiye, Poland and Hungary 

Have you already booked your holidays this year? You might be travelling to a country in the Eurozone, or dealing with currency conversions, but either way, we have a few tips for managing your finances on holidays to make sure you don’t spend money unnecessarily while away.

What to take with you

Holidays and finances: what to consider

“Hi Mum. My phone just broke. So you can delete that number and save this one. Can you send me a WhatsApp message? Thanks!” The message may seem harmless, banal even, but it might be a sign of attempted fraud. In fact, for some time now this had been a common scam used by criminals to separate unsus

WhatsApp and SMS scam: The ‘Hi mum’ trick

There are over 50,000 ATMs in Germany, which makes it easy to withdraw cash. But what should you do if the ATM ‘swallows’ your card? Here are a few important tips for dealing with problems with ATMs and keeping your banking information secure.

1. Contact your bank

Sometimes when you try to tak

Articles from Kathleen Altmann