Court denies right to cash payment, banks rule out liability in the event of confiscations “by higher authorities”.
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Two important points:

1) “The German Federal Administrative Court recently denied that citizens have a right to cash payment. Conversely, this means that there are no legal hurdles to converting all payment transactions to electronic payments via banks.”

2) Banks also exclude liability in the event of unlawful confiscation and blocking

The following passage can be found in the terms and conditions of many banks:

“Liability of the Bank; contributory negligence of the customer

(3) Disruption of Operations
The bank is not liable for damage caused by force majeure, riots, war and natural disasters or other events for which it is not responsible (e.g. strike, lockout, traffic disruption, orders from higher authorities in Germany or abroad).

When a customer asked what was meant by “orders from higher authorities”, a bank answered:

»In this context, “orders from higher authorities” are primarily understood to mean state measures such as expropriation or confiscation, regardless of whether they are justified or not. With regard to the banking business, for example, the confiscation or blocking of account balances can be considered, for example due to an economic embargo or political disputes.«

This means that governments and institutions, both domestic and foreign, can freeze the accounts and confiscate funds of all politically uncomfortable account holders.

All other background information and which banks, among other things, mention the “orders from higher authorities” in their general terms and conditions:

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