Why I can’t withdraw my money from my savings account?

Why I can’t withdraw my money from my savings account?

iPhone 14 Pro, iOS 16

Posted on May 12, 2023 8:08 PM

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Question marked as Top-ranking reply

Posted on May 13, 2023 6:33 PM

Hi graceppp,

welcome to the Apple (user-to-user) Community.


Re: Why I can’t withdraw my money from my savings account?


Seems this is the way Apple Savings is set up to work:

How to: Transfer money from Savings to Apple Cash or your external bank account - Apple Support


When you: Set up and use Savings in Apple Wallet - Apple Support

says:

"You can't spend money or make purchases in Savings directly through your Apple Card or Apple Pay."


All the best :-)

16 replies
Question marked as Top-ranking reply

May 13, 2023 6:33 PM in response to graceppp

Hi graceppp,

welcome to the Apple (user-to-user) Community.


Re: Why I can’t withdraw my money from my savings account?


Seems this is the way Apple Savings is set up to work:

How to: Transfer money from Savings to Apple Cash or your external bank account - Apple Support


When you: Set up and use Savings in Apple Wallet - Apple Support

says:

"You can't spend money or make purchases in Savings directly through your Apple Card or Apple Pay."


All the best :-)

May 16, 2023 8:42 AM in response to graceppp

That’s for new customers during first 30 days. After the first 30 days, it’s 1 to 3 business days for ACH transfers (excluding weekends, holidays and Federal Reserve holidays).


You can get up to $10,000 transferred to Apple Cash in a day and a total of $20,000 transferred in any 7 day rolling period. Please make sure you Apple Cash account is verified before transferring large funds.


Identity verification for Apple Card or Apple Cash - Apple Support


Jun 15, 2023 2:21 PM in response to KiltedTim

Withdrawing my money has not been easy for me even after I spent hours and calls to get my external bank verified. It took 12 days then and it was declined again this month. I am waiting for a specialist to call me back right now. I think I am over this product...it was not ready for prime time in my experience. For clarity I opened the account in April and it is now June. I still cannot get my money out and still having to call them once a week to resolve the issues to no avail.

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Why I can’t withdraw my money from my savings account?

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