End of the Maestro card: That changes for bank customers (2023)

End of the Maestro card: That changes for bank customers (1)

That changes for bank customers End of the Maestro card: That changes for bank customers (2)

  • ZDFtoday
  • Ukraine
  • Climate
  • Politics
  • Business
  • Panorama
  • Sport
  • digital
  • Wetter
  • News ticker
  • subjects

You are here:

  1. zdf.de
  2. News
  3. Business

End of Maestro card :That changes for bank customers

vonJan-Ole Kraksdorf


The payment service provider Mastercard abolishes the Maestro function. This changes a lot in the payment system - even if only in the background.

There are over 100 million Girocards in circulation in Germany. Starting next month, however, the issuing of EC cards with a Maestro function is to be discontinued.

Post length:
1 min

The classic checkbook is hardly ever used anymore in Germany. Nevertheless, many Germans still talk about their check or EC card when they actuallymean the giro card. The "EC" stands for "Electronic Cash", i.e. electronic payment. After entering a pin or legitimating by signature, the money is debited directly from the account.

This is also possible through the payment systems of the credit card companies Visa and Mastercard. Which of the systems is used as so-called "co-badging" can be seen on the card by the "V-Pay" or "Maestro" sign. Above all, payments abroad are possible thanks to this cooperation. But even in Germany, some retailers or retail chains do not accept giro cards without "co-badging".

Credit cards are handy - especially abroad. What should be considered when deciding on a credit card? Where are costs lurking? Our moma service clarifies.

Post length:
2 min

The giro card does not end with Maestro

Mastercard is now ending the Maestro function. Although the affected cards remain valid, payments abroad may no longer be possible. Banks and savings banks that have opted for Maestro are now offering debit cards with a Mastercard function as "co-badging".

The savings banks have issued around 46 million of the 100 million giro cards in circulation. According to the German Savings Banks and Giro Association (DSGV), each institute is free to decide how the exchange works. Up to 15 million new cards have already been issued.

Banks are closing more and more branches nationwide - including the Sparkasse. In the last three years, the bank has reduced its branch network in Germany from almost 9,000 to a good 7,700 Sparkasse locations.

Post length:
2 min

Maps still work

The Volks- und Raiffeisenbanken usually replace their customers' cards when they have expired. Association spokesman Steffen Steudel says:

Customers don't have to worry. The cards work.

Steffen Steudel, Federal Association of German Volksbanks and Raiffeisenbanks

Many private banks do the same. Mastercard is reportedly extending the feature to allow for a smooth transition. If in doubt, customers should ask their house bank.

  • The Girocard is theprobably the most common payment cardin Germany. According to the industry associations, there are 100 million cards in circulation. The Girocard is what is known as a debit card, which means that the amount paid is immediately deducted from the account. This keeps consumers in control of their finances.

  • With the credit card you buy on credit. The transactions are collected on the credit card account. They are debited from the checking account once a month. A special form is the "Revolving Credit Card". Here, the credit card customer can leave part of the debt and have to pay it off at a later date. Consumer advocates warn of the danger of getting into debt.

    Similar to the Girocard, some credit cards also have oneDebit function. Here, the money is deducted immediately from the credit card or checking account after payment. Users must therefore always ensure that their account has sufficient funds.

  • Anyone who pays with their mobile phone or digital watch does so via an app. Behind this are service providers such as Apple Pay or Payback Pay or even your own house bank. Payment is made by scanning a barcode or QR code in the app on the respective device. As with the Girocard, the payment is immediately debited from the account.

  • They have established themselves primarily in online shopping. Payment service providers, such as Paypal or Klarna, handle the purchase in an online department store reliably and often offer the option of paying in installments. Consumer advocates see the risk of a debt trap here. If many small amounts owed add up, there is even a risk of over-indebtedness. Hence the advice to always pay the amount spent immediately.

    V-Pay is also expected to be discontinued

    DieAlternative to Maestrowould be to switch to V-Pay from Visa. However, Rudolf Linsebarth, payment expert at the consulting company CGI, doesn't think that makes sense "since V-Pay will be discontinued in the foreseeable future". Another option would be to offer debit and credit cards separately. However, Linsenbarth is certain:

    If banks give customers two cards instead of one, they are likely to charge extra for either one.

    Rudolf Linsebarth, payment expert

    Cashless payments have long been part of everyday life. So far, however, the market has been dominated by companies based outside the EU.

    Post length:
    2 min

    More plastic than cash

    The shift in payment systems comes at a time when card payments are more popular than ever. "In the past two years - also accelerated by thePandemic- the number of card acceptances in the stationary market has increased significantly, so that it is now also possible in Germany to get through everyday life for the most part without cash," says Kilian Thalhammer, an expert for payment systems at Deutsche Bank.

    An interim solution. Because in view of the growing popularity of mobile payment via smartphone or watch, the expert predicts an end to the "plastic card form factor".

    Master-Aus - This is how expensive card payment is for retail

    Payment giant Mastercard makes the Maestro logo disappear from the Girocard. The move could be expensive for retailers.

    video length
    1 min

    by Dennis Berger

ZDF today homepage

More on money and finance

End of the Maestro card: That changes for bank customers (3)

gateway for scammers Serious security gaps at savings banks

von Mario Shabaviz

video length:
8 min
End of the Maestro card: That changes for bank customers (4)

In addition to cash Digital euro: what it's all about


End of the Maestro card: That changes for bank customers (5)

"Cash only accepted" Why there are problems with card payments

by Ina Baltes

End of the Maestro card: That changes for bank customers (6)

Future of the EC card Girocard: Abroad before the end?

by Brigitte Scholtes

Added to watch list Remember finished Rated! rating removed Added to watch list Remember finished Copy embed code HTML code to embed the video saved to the clipboard. Please note theTerms of Useof ZDF.

My ZDF - registration

create a new account

Login with ARD Account

If you already have an ARD account, you can use it to log in here.

My ZDF – create a new account

Forgot Password?

Note: Please enter the email address you used to register for your ZDF account.

Forgot Password?

If we know the email address you provided, you will shortly receive an email from us with information on how to reset your password.

Assign new password

Fields marked with * have to be filled

You can now set your new password.

Password changed

Your password has been successfully changed. You can now log in with the new password.

Your registration was successful

Welcome to "My ZDF"! If we know the email address you provided, you will receive an email from us shortly. Please confirm the link in this email within 24 hours to complete your registration.

Registration is checked

Please wait a moment while activation is complete.

Your registration was successful

Nice that you're here. You can now use "Mein ZDF" to its full extent.

Oops, registration failed

Unfortunately, the activation of your account did not work. The activation link may have expired or there are technical problems.

Try again


Unfortunately, registration is not possible at the moment. Please try again later.

My ZDFtivi profile successfully created!

Have fun with My ZDFtivi!

To 'My ZDFtivi'

You have logged out with this device.

You have logged out from another device, you will be logged out automatically.

Your account has been deleted, you will be automatically logged out.

Conduct age check?

To watch age-restricted shows at any time of the day, you can now perform an age check. For this you need your ID document.

For age verification


You are about to leave the children's area. Do you really want that?

If you leave the children's area, you move with your parents' profile in the ZDFmediathek.

A notice!

You switch to the children's area and move on with your children's profile.

End of the Maestro card: That changes for bank customers (7)

Privacy Settings

At this point we would like to show you the privacy settings. Either you have activated an ad blocker or similar in your browser, which prevents this, or your internet connection is currently disrupted. If you want to see and edit the privacy settings, check if an ad blocker or similar is active in your browser and turn it off. Until then, the default settings will be used when using the ZDFmediathek. This means that the categories "Required" and "Required Performance Measurement" are allowed. You can find out more details in our data protection declaration.

End of the Maestro card: That changes for bank customers (8)

Privacy Settings

At this point we would like to show you the privacy settings. You may have activated an Ad/Script/CSS/Cookiebanner blocker or similar in your browser, which prevents this. If you want to use the website without restrictions, check whether a plugin or similar is active in your browser and switch it off.


Top Articles
Latest Posts
Article information

Author: Madonna Wisozk

Last Updated: 03/01/2024

Views: 6452

Rating: 4.8 / 5 (68 voted)

Reviews: 91% of readers found this page helpful

Author information

Name: Madonna Wisozk

Birthday: 2001-02-23

Address: 656 Gerhold Summit, Sidneyberg, FL 78179-2512

Phone: +6742282696652

Job: Customer Banking Liaison

Hobby: Flower arranging, Yo-yoing, Tai chi, Rowing, Macrame, Urban exploration, Knife making

Introduction: My name is Madonna Wisozk, I am a attractive, healthy, thoughtful, faithful, open, vivacious, zany person who loves writing and wants to share my knowledge and understanding with you.