Paying with cash or a debit card is the cheapest payment method for consumers in Germany. Cash incurs the lowest costs per payment transaction, while debit cards are cheapest in relation to the amount of money spent. Paying with a credit card is in any case considerably more expensive. These are the conclusions drawn by a study entitled “Costs of cash and card payments from a consumer perspective”, which was carried out on behalf of the Deutsche Bundesbank.

Economist in the Research Centre since October 2020

Der gewichtete Indikator der Kreditfinanzierungskosten für neue Kredite an Unternehmen sank um 15 Basispunkte auf 4,52 % und der entsprechende Indikator für neue Wohnungsbaukredite an private Haushalte um 8 Basispunkte auf 3,47 %.