I’ve made payment why is it saying I have no available credit

Ok, your account is a relatively new account. Accounts age by the year, so the bank is learning to trust you and your bank. You used what is termed an ACH transfer. It’s used just between banks for payments. This issue/topic comes up every month around the first when statement payments are due. I’ve copied and pasted a reply I every month about this time. I’m happy to answer more specific questions, use post a reply.

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 accounts 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 or 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 Many people believe that once the funds are withdrawn from their bank, it’s paid.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 

• Using Messages; chat with an Apple Card specialist

• Call toll-free at 877-255-5923

Your payment is probably being held. When did you make the payment? How old is your account? Did you pay via Apple Cash account or via bank transfer (ACH)?