Learning how to handle money with pocket money

Advertorial: Sack money is an important part of education. Children not only learn that money can be used to fulfil wishes, but also to take responsibility for decisions. In Switzerland, many parents now rely on the TWINT payment app for pocket money.

Sack money is an important step towards financial independence. This is because children can decide for themselves how to spend the money they receive. Initially, this is usually sweets. As they get older, their needs change and they learn to take responsibility for their spending.

TWINT digitises pocket money

In Switzerland, more and more parents are using the TWINT payment app to transfer pocket money or rewards for completed chores digitally. The desired amount can be transferred from the parent's smartphone to the child's smartphone in real time in just a few steps. With the TWINT prepaid app, this is possible from the age of 12 even if the offspring do not yet have their own bank account.

Security and overview

The digital transfer of pocket money is appreciated because TWINT makes it easy for children and parents to keep track of money received and spent. There is no risk of loss and access to the app is doubly secured: with a six-digit PIN and biometric data. This means that no one else has access to the app. All transactions take place in a secure environment. The money is also immediately available - for lunch or a train ticket, for example.

How do I use TWINT to send and receive money?

  • Scan the QR code below to install your bank's TWINT app on your smartphone.
  • If your child already has a bank account, they can use their bank's TWINT app.
  • If your child does not yet have an account, they can use the TWINT prepaid app. This can be used from the age of 12.