Apple Credit Card and Savings Account

This information is all covered in the terms and conditions in the Apple Savings Account Deposit Agreement ( link below).

My interpretation is your savings account will be closed and deposited fund’s returned to account owner via a check.

>> CLOSING OR RESTRICTING YOUR ACCOUNT

We may restrict your access or use of your Account, or close your Account, at any time and for any reason, without notice or consent. The following is a list of some reasons we may restrict or close your Account:

• You provided incorrect or misleading information when opening your Account;

• You have overdrawn your Account;

• We suspect that you or a third party are conducting illegal or fraudulent activity;

• You revoke your consent under the Electronic Communications Agreement for your Account;

• There is a dispute regarding your Account;

• We have a reasonable basis to believe the Account owner is deceased;

• We received a court order or other legal document prohibiting withdrawal;

• We have determined that you have abused our systems or violated this Agreement or any other agreement you have with us or any of our affiliates; or

• You fail to meet the requirements outlined in the Who May Open and Maintain an Account section of this Agreement at any point during the life of your Account.

If your Account has a balance upon closing, we will return the funds to you. We may refuse to pay any debits or other items presented for payment after your Account is closed or restricted, but we will not be liable for the payment of any debit or other item presented after your Account is closed or restricted.

WE MAY ISSUE YOU A CHECK IF WE OR YOU CLOSE YOUR ACCOUNT OR IF YOU EXCEED THE MAXIMUM DEPOSIT LIMIT. IF THE CHECK ISSUED TO YOU IS LOST, STOLEN, OR DESTROYED, PLEASE CALL US IMMEDIATELY. WE MAY NOT REISSUE YOU A CHECK OR PROVIDE YOU WITH REPLACEMENT FUNDS UNLESS 90 DAYS HAVE PASSED AND YOU HAVE PROVIDED AN AFFIDAVIT ATTESTING THE CHECK IS LOST, STOLEN, OR DESTROYED. <<

So, last factor is to continue to meet qualifications for opening and maintaining your account.

Now, read the requirements for opening and maintaining an account.

>> WHO MAY OPEN AND MAINTAIN AN ACCOUNT

You can open an Account if you:

• Are at least 18 years old;

• Are an Owner or Co-Owner of an Apple Card, as defined in the Apple Card Customer Agreement;

• Such Apple Card is in good standing;

• Have a Social Security Number or Individual Taxpayer Identification Number; and

• Have a street address in (i) the U.S.; (ii) the territories of Puerto Rico or United States Virgin Islands (collectively, “U.S. Territories”); or (iii) a U.S. military base or U.S. embassy (i.e., an Army/Air Post Office, Fleet Post Office, or Diplomatic Post Office address) (collectively, “U.S. Jurisdictions”).

You cannot use a post office box (other than on a U.S. military base or at a Diplomatic Post Office).

The qualifier is you must have an open and in good standing Apple Card Mastercard account.

https://www.goldmansachs.com/terms-and-conditions/Deposits-Account-Agreement.pdf