Sparkassen customers beware: The credit institution just creates one of its many years of service. There is no alternative.

• Savings Bank provides payment functions from – million customers are affected by change
• “cash card” and “girogo”: Simple prepaid payment functions at Sparkasse
• What happens to existing credit on the prepaid cards?
• No prepaid function more at Sparkasse: What alternatives have customers?
• Savings Bank provides payment functions from – million customers are affected by change
• “cash card” and “girogo”: Simple prepaid payment functions at Sparkasse
• What happens to existing credit on the prepaid cards?
• No prepaid function more at Sparkasse: What alternatives have customers?

Germany – With around 50 million customers, the savings bank in Germany, the undisputed number one among financial services. Much of this customer now has to a huge adjustment to adjust, because the savings bank manages two services permanently.

Savings Bank provides payment functions from – million customers are affected by change

Specifically, it is in abolishing the two Payment Functions “cash card” and “girogo” who spent years in the offer of Sparkasse. Both functions were part of the normal equipment of the Sparkassen red card. Since July 1, 2020 There are no new cards with these functions are edited more.

The savings bank itself announces on its website that existing savings cards gradually with the mentioned functions in the coming years will be replaced by new cards. the cards with GeldKarte- and girogo function will be completely disappeared from the market by the end of the 2024th Only at the end of last year, another new feature was announced at Giro cards.

“cash card” and “girogo”: Simple prepaid payment functions at Sparkasse

The reasons for the abolition of long-term services called the Savings Bank “changing market conditions”. Both the payment function with the cash card and girogo had been used in recent years by customers less and less. Meanwhile, the “contactless payment” with the savings card, paying by credit card or smartphone are much more popular.

The payment of the cash card / girogo only by previously charging possible through credit (prepaid). The function sets the current card to the electronic wallet, the receipt can be paid to the smaller purchases to 25 euros quickly and without entering a PIN or signature is (more news about digital at cash card).

What happens to existing credit on the prepaid cards?

With future savings cards this feature will no longer be possible. Which means in practice that no assets more can be booked on the card. The prepaid option is thus eliminated completely.

Customers who currently have savings cards with cash card or girogo function have their cards can still pay with it until the end of validity. However, a maximum of only up to 31 December 2024. Existing credit remains hitherto received. In addition, the savings bank card must be discharged but by 31 March 2025th

No prepaid function more at Sparkasse: What alternatives have customers?

A new prepaid payment function does not provide the savings bank after the abolition of both services to more. However, the company points out that the normal payment of the Sparkassen-Card (debit from the account) is a fast and safe alternative to cash card and girogo.

Paying with your phone is, moreover, to pay just in Corona times, a further and especially hygienic method to make purchases quickly and without contact. Up to a purchase value of 50 euros Sparkasse no PIN entry is required according to data.

By the way: Who pays prefer using cash instead card is so increasingly have problems. Because in Germany there are fewer and fewer ATMs. Reason for this is the digitization.

List of headings image: © Julian Stratenschulte / DPA; Collage: cash carSparkassen customers bewaree: The credit institution just creates one of its many years of service. There is no alternative.

Germany – With around 50 million customers, the savings bank in Germany, the undisputed number one among financial services. Much of this customer now has to a huge adjustment to adjust, because the savings bank manages two services permanently.

Savings Bank provides payment functions from – million customers are affected by change

Specifically, it is in abolishing the two Payment Functions “cash card” and “girogo” who spent years in the offer of Sparkasse. Both functions were part of the normal equipment of the Sparkassen red card. Since July 1, 2020 There are no new cards with these functions are edited more.

The savings bank itself announces on its website that existing savings cards gradually with the mentioned functions in the coming years will be replaced by new cards. the cards with GeldKarte- and girogo function will be completely disappeared from the market by the end of the 2024th Only at the end of last year, another new feature was announced at Giro cards.

“cash card” and “girogo”: Simple prepaid payment functions at Sparkasse

The reasons for the abolition of long-term services called the Savings Bank “changing market conditions”. Both the payment function with the cash card and girogo had been used in recent years by customers less and less. Meanwhile, the “contactless payment” with the savings card, paying by credit card or smartphone are much more popular.

The payment of the cash card / girogo only by previously charging possible through credit (prepaid). The function sets the current card to the electronic wallet, the receipt can be paid to the smaller purchases to 25 euros quickly and without entering a PIN or signature is (more news about digital at cash card).

What happens to existing credit on the prepaid cards?

With future savings cards this feature will no longer be possible. Which means in practice that no assets more can be booked on the card. The prepaid option is thus eliminated completely.

Customers who currently have savings cards with cash card or girogo function have their cards can still pay with it until the end of validity. However, a maximum of only up to 31 December 2024. Existing credit remains hitherto received. In addition, the savings bank card must be discharged but by 31 March 2025th

No prepaid function more at Sparkasse: What alternatives have customers?

A new prepaid payment function does not provide the savings bank after the abolition of both services to more. However, the company points out that the normal payment of the Sparkassen-Card (debit from the account) is a fast and safe alternative to cash card and girogo.

Paying with your phone is, moreover, to pay just in Corona times, a further and especially hygienic method to make purchases quickly and without contact. Up to a purchase value of 50 euros Sparkasse no PIN entry is required according to data.

By the way: Who pays prefer using cash instead card is so increasingly have problems. Because in Germany there are fewer and fewer ATMs. Reason for this is the digitization.

List of headings image: © Julian Stratenschulte / DPA; Collage: cash card