What is the limit on a transfer from an external banking account to the Apple savings account?

What is the daily limit on a transfer from an externally linked savings account to an Apple savings account?

Posted on May 4, 2023 5:24 PM

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1 reply

May 5, 2023 2:50 AM in response to CeruleanNorth

There are currently no limits on ACH transfers. Transfers to Apple Cash are limited to $10,000 in a day and

$20,000 in any 7 day rolling period.


This is from Apple Savings Account Agreement.


>> HOW DEPOSITS AND WITHDRAWALS MAY BE MADE


Deposits and withdrawals are subject to limitations specified in this Agreement. In addition to any of the limitations specified in this Agreement, we may further restrict or limit your ability to make or receive transfers when we reasonably believe there may be fraudulent, suspicious, or illegal activity on or impacting your Account.


ACH Transfer with a Linked External Account


You may deposit or withdraw funds from your Account through an ACH Transfer into or from a linked external account. We may place limits on the amount of funds transferred based on total dollar amount or frequency, and will disclose such limits to you at the time you schedule your ACH Transfer.


To link an external account, you must provide proof that the external account: (i) is a deposit account held at a bank located in the U.S. or U.S. Territories; (ii) is an account in which you have full right and authority to the funds; (iii) is not a trust account; and (iv) is owned by you. You may not link a business account. We may restrict linking to an external account at specific financial institutions. You authorize us, our agents, and service providers to verify ownership of the external account.


We may reverse any ACH Transfer to or from your Account without prior notice to you at any time as permitted by NACHA Operating Rules. We may reverse any provisional credit to your Account for which final payment is not received.


Apple Cash Transfers


You may deposit or withdraw funds from your Account into or from Apple Cash. Transfers must be at least $1.00 and can be no more than $10,000. You may transfer no more than $20,000 per rolling 7-day period. We may place additional limits on the amount and frequency of transfers for the security of your Account. <<

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What is the limit on a transfer from an external banking account to the Apple savings account?

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