Transfer funds into Apple savings account… (2024)

FAQs

Transfer funds into Apple savings account…? ›

If you have Apple Card in the Wallet app , you can choose to automatically deposit your Daily Cash into Savings, a savings account provided by Goldman Sachs Bank USA, Member FDIC. You can also deposit additional funds into Savings through a linked external bank account or from your Apple Cash.

If you have Apple Card in the Wallet app , you can choose to automatically deposit your Daily Cash into Savings, a savings account provided by Goldman Sachs Bank USA, Member FDIC. You can also deposit additional funds into Savings through a linked external bank account or from your Apple Cash.

You can transfer money to Apple Savings directly from Apple Cash or a bank account, but checks are not accepted.

Why you'll like the Apple savings account. The account has no monthly fee or minimum balance requirement, and the APY is notable. It is much more than the average savings rate for savings accounts, which is 0.46%, according to the FDIC.

There's a $250,000 maximum balance limit with the Apple Savings account, but no account balance minimums. Any balance will earn a 4.40% APY with interest compounding daily and credited monthly.

Apple Cash transfers are instant (usually within 30 minutes) and free. You can transfer no more than $10,000 in a day to Apple Cash and no more than $20,000 in any 7 day rolling period.

Bank Transfers

It's easy to load money onto your Apple Cash card from your debit card, so you're always ready to spend and send. And you can just as simply move money from your Apple Cash card to your bank account. Either way, Apple Cash gives you options you can bank on.

Generally, yes. There are typically a few ways of doing this: Bring your check to your bank and fill out a deposit slip (with your savings account number). Deposit your check through an ATM.

Yes, you can set up a direct deposit into a savings account. For example, if you'd like your tax refund to go straight to savings you can tell the IRS or your state tax agency to send the money to your savings account. You can also split direct deposit payments between multiple bank accounts.

How long does it take to withdraw money from Apple savings? ›

Withdrawals. To access money from your Apple Savings account, you'll need to initiate a transfer from your savings to Apple Cash or a linked external bank account. Transferring money to a linked bank account typically takes one to three business days, while transfers to Apple Cash are usually instant.

Apple Savings account is serviced by Goldman Sachs Bank and is FDIC insured for the maximum of $250,000.

Unique benefits of the Apple high-yield savings account

That way, the Daily Cash you earn from your Apple Card can automatically transfer to your savings account without having to transfer points or funds from another cash back card. The biggest drawback of the account is that you must carry an Apple Card.

Additionally, you can fund your account with deposits from a linked external bank account like you would with any other savings account. After depositing your funds, your interest will compound daily and be credited to your account monthly.

You need an Apple Card to open an Apple Savings account. You can apply for the Apple Card and view your credit limit and interest rate offer without impacting your credit score. The Apple Card comes with a high APR, so it's not a card you'd want to carry a balance on.

You can also instantly transfer funds from Apple Savings to Apple Cash and the pay your Apple Card statement instantly via Apple Cash. This is also no fee, transfers are instant and your Apple Card available credit is also instantly updated.

You can move money from one bank to your other one online in a few steps: Log into your bank's website or connect via the bank's app. Click on the transfer feature and choose transfer to another bank. Enter the routing and account numbers for the account at the other bank.