Banks
There are numerous banks and savings banks ("Sparkassen") in Germany. Banks are private institutions. "Sparkassen" fall under the jurisdiction of local authorities. This is why they have names such as "Stadtsparkasse Köln", "Hamburger Sparkasse"; "Sparkasse Dresden", etc. Banks and "Sparkassen" offer different services at different prices and conditions. This means account charges and money transfer charges often vary. Consumer advice agencies provide information on banks and "Sparkassen" (see chapter Organisations and Contacts).