I have made a payment but it still say no credit is available. Has the account been closed?
My Apple Card displays 0 available credit. I made a payment and it been more than a few days, but no update. Has the account been closed?
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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. 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 Many people believe that once the funds are withdrawn from their bank, it’s paid.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
