A prerequisite for using the facilities offered by the Bundesbank for cashless payments is a current account with the Bundesbank. 1 The Bundesbank manages current accounts for banks and public authorities and, in exceptional cases - with a limited range of services - also for companies and private individuals. Apart from the minimum reserve balances, current accounts with the Deutsche Bundesbank do not bear interest and are run on a credit basis only. In accordance with the cover principle laid down in the BBankG, payment orders are only executed if sufficient cover is available. In order to avoid a delay in.
