Home Technology Apple Savings Account Lists Longer 5 Day Fund Transfer Time in iOS 17

Apple Savings Account Lists Longer 5 Day Fund Transfer Time in iOS 17

by TM

In the iOS 17 beta, Apple has updated the text regarding the transfer time for Automated Clearing House (ACH) transfers for Apple Savings account holders. The new text in the beta version states that funds are typically available for withdrawal by the 5th business day, whereas the previous wording in iOS 16 stated that transfers typically took 1-3 business days. Apple Card owners who opted for the Savings account have faced complaints about long wait times for fund withdrawals. The Apple Savings account, launched in partnership with Goldman Sachs, offers a high-yield 4.15% savings option. It is unclear if the extended transfer time is permanent or temporary.

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