Automatic deposit to savings

Can I set up automatic deposits to my Savings account?

iPhone 12 mini, iOS 16

Posted on Apr 20, 2023 06:00 PM

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Question marked as Top-ranking reply

Posted on Apr 20, 2023 10:31 PM

Yes, from Apple Cash. Send Daily Cash to Savings If you haven't already, you can set up a Savings account and begin earning interest on your Daily Cash. You can add or withdraw funds from Savings anytime with no fees.


If you share an Apple Card, owners and co-owners can each set up their own Savings accounts. Savings accounts are individuallly-owned and don't allow you to add a co-owner.


If you have any Daily Cash available to redeem as an Apple Card statement credit, that Daily Cash will be transferred to your new Savings account when you set up Savings.


If you don't set up Savings or Apple Cash


If you don't set up Savings or Apple Cash as your Daily Cash Election, your Daily Cash from Apple Card purchases accumulates. The Daily Cash that accumulates can be redeemed as a credit to your Apple Card account, which is considered a payment. If you later make a Daily Cash Election, any accrued but unredeemed Daily Cash will be transferred to your Daily Cash Election.

2 replies
Question marked as Top-ranking reply

Apr 20, 2023 10:31 PM in response to Fer-RN

Yes, from Apple Cash. Send Daily Cash to Savings If you haven't already, you can set up a Savings account and begin earning interest on your Daily Cash. You can add or withdraw funds from Savings anytime with no fees.


If you share an Apple Card, owners and co-owners can each set up their own Savings accounts. Savings accounts are individuallly-owned and don't allow you to add a co-owner.


If you have any Daily Cash available to redeem as an Apple Card statement credit, that Daily Cash will be transferred to your new Savings account when you set up Savings.


If you don't set up Savings or Apple Cash


If you don't set up Savings or Apple Cash as your Daily Cash Election, your Daily Cash from Apple Card purchases accumulates. The Daily Cash that accumulates can be redeemed as a credit to your Apple Card account, which is considered a payment. If you later make a Daily Cash Election, any accrued but unredeemed Daily Cash will be transferred to your Daily Cash Election.

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Automatic deposit to savings

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