economy

January 21, 2026

‘I felt numb’: German bank heist victims devastated after thieves ransack 3,000 deposit boxes

Gelsenkirchen savings bank was raided over Christmas by criminals who used huge drill to access vault

‘I felt numb’: German bank heist victims devastated after thieves ransack 3,000 deposit boxes

TL;DR

  • Thieves drilled into a Sparkasse vault in Gelsenkirchen, stealing contents from over 3,250 deposit boxes.
  • The estimated value of the stolen goods could be as high as €300m, making it one of Germany's largest bank heists.
  • The robbery occurred on December 27th, with thieves gaining access through a manipulated emergency exit and using a large drill.
  • Police were alerted 48 hours after the heist when a fire alarm was activated.
  • Customers are questioning the bank's security measures, while experts highlight a pattern of increasing brazenness by criminals due to security shortfalls.
  • Insurance coverage for deposit boxes is limited, with basic policies covering only up to €10,300 per box.
  • Many victims had stored valuables like gold bars and cash in their boxes as protection against economic instability.
  • The suspects, believed to be five to seven men, remain at large, having fled in a black Audi and a white Mercedes van.

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