I made my payment towards my Apple Card . It’s been almost a week, they payment had been taken out of my account , however the available balance hasnt reflected
iPhone 13 Pro, iOS 16
Payments made via Apple Cash are credited to your available credit almost immediately. It sounds like you did an ACH transfer between your bank and Goldman Sachs Bank. ACH transfers aren’t made over the weekend, so funds probably didn’t start transferring until Monday. Normally, this would credit within 1 to 3 days from when you pressed the payment button.
Is your account relatively new, less than 6 months old? Was it a larger payment than you’ve previously made? Is your account near its credit limit? Is your checking account new? There are probably a dozen other factors that affect when your payment is credited to your account’s available credit. Banks will delay crediting the payment when they are at risk of fraud. Legally, they have 30 days to credit the funds.
I would chat or call Goldman Sachs and inquire about the availability of funds. If you ask, they may release all or part of the funds. They are not required to and it’s a goodwill gesture. Please use the contact information below.
Just as an FYI, your bank has up to 30 days after payment to request return of funds for your payment. Many people believe that once the funds are withdrawn from their bank, it’s paid. But that’s not the way it works. This means I can have a $5000 credit limit, spend it, make a payment of $5000 and spend that. I’ve spent $10000 of the banks money and now I can skip. The original payment bounces or my bank demands it’s return to cover other withdrawals and Goldman Sachs is out $10,000. This happens everyday, but on a large scale. Banks are careful with their depositors money and rightly so. I’m not accusing, just using an example of what an automated system is designed to protect against.
CONTACTING — Goldman Sachs Bank
Seeing that I just created an account, I haven't setup a profile yet. But it is what is on my birth certificate since my name is Bob Hutchinson and both my b-day and zip code are 216. It's not that serious.
This going nowhere and is irrelevant to the discussion at hand. I can’t see the point of your falsehoods and innuendo. It makes any reasonable person suspect your motive for participating in this thread. You create a profile just to complain. I encourage you stick around for the next 20 years and help thousands of fellow community members and share useful information, not FUD.
I hope you have an enjoyable evening in the Greater Cleveland area. I was born in Cleveland, Ohio and am a graduate of Berea High School, Class of 1975, attended CSU and COW.
Im not sure whats going on. Usually, when I make a payment, its taken out immediately and credited. In this case, soon approaching week number two that the funds were deducted from my account, still zero credit. Its frustrating knowing I’ve paid but transactions still being denied, with credit limit showing the same as before.
So you had a returned payment? Is that correct?
Mine just declined a payment last week stating I had insufficient funds yet that bank account had exponentially more money than the payment amount. First time it’s ever happened.
They do, in my experience. A returned payment will result in instant availability for 6 to 12 months.
Clearly Jeff works for one of the companies since he’s so adamant that we are wrong.
I also use Wells Fargo and I have never had an issue… until this month.
Things seem to be changing for some users.
Funny that after this was posted and received attention, the instant payments are working again...hmmmmm
Posts like these have been in the community since shortly after the card was introduced in 2019. I’ve already responded in a different thread this morning. Nothing to see here folks, keep moving. 😀
Credit limit or available credit? Two different things.
Missing a payment isn’t the sole reason for holding a payment. I’ll list a few for your convenience.
Just as an FYI, your bank has up to 30 days after payment to request return of funds for your payment. Many people believe that once the funds are withdrawn from their bank, it’s paid. But that’s not the way it works. This means I can have a $5000 credit limit, spend it, make a payment of $5000 and spend that. I’ve spent $10000 of the banks money and now I can skip. The original payment bounces or my bank demands it’s return to cover other withdrawals and Goldman Sachs is out $10,000. This happens everyday, but on a large scale. Banks are careful with their depositors money and rightly so. I’m not accusing, just using an example of what an automated system is designed to protect against.
Why is my available credit not showing after it’s taken the payment out of my account.
