The big difference is the simplicity and speed of the payout. Together with its partner banks, Getmomo has defined a completely digital process that allows the investment, authorization, or redemption to be carried out quickly and without complications. Payments can be made within two bank working days and on first request. This means that the Getmomo bank guarantee is comparable to a cash deposit. In contrast to the Getmomo bank guarantee, the cashing of security deposit insurance often involves additional steps and uncertainty. On average, it takes between two and six weeks between the claim being established and the actual payment being made.