Sparkassen-App: Send money with Kwitt
With Kwitt, the savings banks have developed a way of simply sending or receiving money. Similar to PayPal, you can send money to everyone. In this practical tip, we will show you step by step how this works.
This is how the new Sparkasse service Kwitt works
Sending money via app is no longer a problem. It has been possible for a long time via PayPal and now the savings banks have finally introduced their own service "Kwitt". The special thing about it: Your recipient doesn't even have to be registered with Kwitt. Here is an overview of how it works:
- If you want to send money, you have to register with Kwitt with your mobile phone number. However, this is done in a few steps in the app. All you have to do is log in, enter your number and you will then receive a PIN by SMS, which you enter as confirmation.
- If you want to send an amount of money, you only have to select the number from the address book. If your recipient does not have a Kwitt, they will receive a link where they can save their IBAN. Then the person receives the money.
- You can choose how you want to notify your friends - whether via WhatsApp, SMS, any messenger or other services that you have installed on your smartphone.
Send money quickly and easily with Kwitt - how it works
To easily send money to friends and acquaintances with the new Sparkasse service Kwitt, proceed as follows:
- Open the Sparkassen app and log in as usual with your password. It is important that you have installed the latest update of the app.
- Then select "Kwitt" on the top right of the start page or alternatively from the menu. You can now select a desired contact to whom you would like to send money via the "Contacts" tab.
- Select this, then click on the "Send money" button and enter the desired amount. Confirm your entry by tapping on "Next".
- Now you have to notify your contact by tapping "Notify". You can now choose any way you want to reach your contact, for example via WhatsApp.
- After your contact has entered their own IBAN, you will receive a message again and only need to give approval by tapping on "Send". Your money will then be transferred automatically.
If you have forgotten your PIN for online banking, we will explain to you in the next practical tip how to proceed in this case.