ReiseBank AG is a bank specializing in foreign currency dealing, precious metals and travel payment business (including traveler's checks), which is headquartered in Frankfurt am Main. It is a wholly owned subsidiary of DZ Bank and part of the cooperative financial group.[2]
History
In 1996, Reisebank AG was created by outsourcing the foreign currency dealing business from Deutsche Verkehrs-Kredit-Bank (DVB). The bureau de change of DVB, which were mainly at larger stations, were converted to bank branches. As part of the restructuring of DVB and its subsidiaries, Reisebank was sold to DZ Bank as of 1 January 2004, and thus integrated into the cooperative financial network with over 1.200 cooperative banks.[3]
As of 31 December 2014, the bank had 93 offices and 300 own ATMs in airports, train stations, large bus terminals, border crossings, and downtown locations.[4]