I emptied out my #AppleSavings account today.

It's in the news that some people are finding it hard to make withdrawals from their accounts. I assumed it only applied to people richer than I. Nope. I asked for a modest withdrawal, and here I am 4 business days later still waiting.

I can sell stocks, wait 2 days for the transaction to settle and request a withdrawal and get it from #TDAmeritrade faster than I can get it from that savings account.

#Apple should ask some questions.

#Apple Savings: In vier Tagen fast eine Milliarde Dollar eingezahlt | Mac & i https://www.heise.de/news/Apple-Savings-In-vier-Tagen-fast-eine-Milliarde-Dollar-eingezahlt-8985246.html #ApplePay #ElectronicCash #AppleSavings

Found a limitation of using #Apple as your "bank". You can't deposit a check to your #AppleSavings account. Have to use an intermediary bank to get the funds there.

Apple Savings Account is an innovative new age banking available directly on to your iPhones. It comes with a beautiful interface and high interest rate.

https://incredefy.com/apple-savings-account-full-review-tips-and-tricks/

#apple #applecard #applesaving #applesavings #applesavingsaccount #iphone14 #iphone15 #ios16

So they say it'll be 4 hours but you can add the account from the bank side. Fine... but I have to wait for the verification deposits and that will
take several business days.

Conclusion? The US banking system sucks and a lot of online-first banks are kind of half-baked.

#AppleSavings

Adventures in #AppleSavings:

First I try to add it to direct deposit at work. The system does not recognize the routing number so I have to have payroll add it manually. But they will only do that with a voided check or document on bank letterhead with the routing/account numbers. I can't, and are you serious?

Then I try to add a bank account to transfer cash. I can add it fine, but I can't use it because it's not verified. Wallet does not have a process to verify. Have to contact support.

Since I've never used my #Apple card that much, setting up their new savings account was a bit tricky. From Apple card in wallet, I tapped on the Daily Cash widget and changed the view to see the whole year. From there, tapped View Daily Cash, then the option to set up the savings account was available under Daily Cash Election. https://www.apple.com/newsroom/2023/04/apple-cards-new-high-yield-savings-account-is-now-available-offering-a-4-point-15-percent-apy/ #AppleSavings

Apple Card Holders Savings Account- Everything You Need to Know. 🍏🏦 #Apple #AppleCard #AppleSavings
The Account offers an impressive annual percentage yield (APY) of 4.15 percent. https://www.androidinfotech.com/apple-card-holders-savings-account/?utm_source=dlvr.it&utm_medium=mastodon