New feature makes withdrawing money even easier

Savings bank customers who would like to use their bank card but don’t want to do without cash can be happy: from now on it will be possible to withdraw money without a card via an app. It remains to be seen whether you did yourself a favor with the timing or whether you are much too late.

Withdrawing money made easy: Sparkasse brings a new function to your smartphone

According to reports, a new function is now available for savings bank customers. Anyone who wants can do it Withdraw money without having your debit card with you. Not all ATMs are suitable for this type of payment. But those who depend on it can now find an additional way to easily get cash.

first had Caschy’s blog reported on the new feature for Sparkasse customers. You can therefore withdraw cash from NFC-enabled machines. The savings banks had already started to equip the devices with an NFC reader. This one was so far only usable with cards, that support contactless payments.

Now the physical card is no longer needed. If you have digitally stored your Sparkasse card in your smartphone instead, you can simply hold the cell phone against the NFC interface. The withdrawal of money then runs exactly as usual. It has to continue to enter the PIN for verification will. Free limits without a PIN, as with contactless payments, are therefore not planned.

If you want to use the function, you need on Android smartphones the “Mobile Payment” app the savings bank. Apple customers, on the other hand, could use the giro card on the iPhone in Apple Pay deposit. The corresponding apps would only have to be activated when withdrawing before the usual payout process starts.

There is now one more reason for Sparkasse customers to make mobile payments:

Savings bank function is old hat at Volksbank

This feature may be useful for some people, especially if you are used to not using your bank card anyway. In contrast to other innovations in the Sparkasse app, there is Reason to doubt the usefulness of this.

A look at the competition shows that the Volks- und Raiffeisenbanken had been offering a very similar function for years – albeit with a few more intermediate steps, which could have harmed the practical use. Almost to the day at the same time as the savings banks started, the cooperative banks are now hiring their counterparts – according to their own statement, because it hardly anyone used it Has.