Banking in Germany

German financial regulatory authority

bank in Germany, 1763-1875

girocard is an interbank network and debit card service in Germany connecting virtually all automated teller machines (ATMs) and banks. It is based on standards and agreements developed by the German Banking Industry Committee.

Giropay was an Internet payment system in Germany, based on online banking. Introduced in February 2006, this payment method allowed customers to buy securely on the Internet using direct online transfers from their bank account. The system was similar to the Dutch iDEAL payment system, MyBank payment system, the Interac online service in Canada, pagomiscuentas payment service in Argentina, and Secure Vault Payments in the United States.

200px|right|SoFFin logo The SoFFin (Sonderfonds Finanzmarktstabilisierung - Special Financial Market Stabilization Funds) is a program of the German government with the purpose to stabilize and restore confidence in the financial system. It was created during the 2008 financial crisis on October 17, 2008 by the German Parliament and enacted on October 20, 2008. As of December 31, 2010, it stopped offering new services but continued managing existing guarantees.