Germany non-financial firms transferable deposits
Germany non-financial firms transferable deposits stood at 579.2 EUR billion in Q1 2026, according to Deutsche Bundesbank. It is one of the indicators in the Non-financial corporations' financial accounts table (Value · Quarterly), with a complete series running from Q1 1999 to Q1 2026. The complete series with an interactive chart, free to download.
This indicator in the Non-financial corporations' financial accounts table
| Indicator | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total financial assets | 9,068.5 | 9,037.1 | 8,978.4 | 8,920.8 | 8,897.9 | 8,799.9 | 8,830.2 | 8,703.2 | 8,745.1 | 8,601.7 | |
| Currency and deposits | 889 | 920.9 | 886.6 | 848.2 | 860.6 | 894.5 | 859.7 | 823.9 | 832.8 | 847.5 | |
| Transferable deposits | 579.2 | 608.9 | 578.6 | 554.9 | 551.6 | 580.7 | 547.7 | 522.1 | 518.5 | 550.4 |
Understanding germany non-financial firms transferable deposits
Checking balances, sight accounts, and overnight deposits available for immediate transactional settlement form this corporate liquidity component. These funds can be exchanged for cash or transferred electronically through payment systems, wire orders, and direct debits without prior notice or financial penalty. Physical vault cash is excluded, as are fixed-maturity deposits and notice-period accounts grouped under other deposits. This row isolates primary transactional working capital from term placements designed to generate interest yields.
Balances in operational accounts fluctuate sharply between consecutive quarters due to quarterly corporate income tax settlements, payroll runs, and supplier payment cycles. Comparing identical quarters from separate years offers an honest assessment of structural liquidity accumulation, filtering out intra-annual cash management patterns. Figures reflect face value, meaning changes stem from actual cash inflows and outflows rather than bond or equity market revaluations, though foreign exchange fluctuations affect cross-border accounts. Revisions occur when credit institutions reclassify customer accounts between overnight and short-term facilities. Conflating shifts in this row with corporate cash generation is misleading when treasurers are merely transferring liquidity into time deposits.
Frequently asked questions
- Can funds in transferable deposits be accessed instantly without penalties?
- Yes, these balances represent demand and overnight accounts that can be transferred or withdrawn immediately for commercial payments.
- Why do corporate transferable deposits vary so much from quarter to quarter?
- Payment deadlines for corporate taxes, seasonal supply purchases, and dividend distributions cause sharp short-term swings in operating balances.
- Are foreign-currency commercial accounts covered under this heading?
- Yes, demand accounts maintained in foreign currencies are included after translation into the domestic reporting currency.