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I would like to transfer out the funds currently in my Apple savings account. I assume that will close that account? Is there a specific way to do this or can I just transfer it all out?
[Re-Titled by Moderator]
iPad Pro, iPadOS 15
Apple Savings account is a no fee account, so it can remain open, at no cost to you, if you have plans or intentions of using it again in the relatively near future. Generally, after one to two years the bank will close the account permanently if it remains dormant (inactive) for that period of time.
Have you previously verified an account you own to transfer funds to? If not, your only option for immediate transfer of funds is to your Apple Cash account. Funds in Apple Cash account can be transferred instantly (within certain dollar limits) for a 1.75% fee or transferred for free to an account you own, in 1 to 3 business days. If transferred today, funds won’t start moving until tomorrow (Friday) and the earliest they would be received would be Monday, August 5.
https://www.goldmansachs.com/terms-and-conditions/Deposits-Account-Agreement.pdf
Transfer money from Savings to Apple Cash or your external bank account - Apple Support
Funds can’t be transferred instantly to another account, except Apple Cash. You can transfer funds for free to a previously verified account, but takes 1 to 3 business days, as explained in my prior funds. There are no restrictions on transfers amount, but transfer may be delayed if over ~$10,000 per federal banking guidelines and regulations.
I have an outside account that I have used to transfer funds TO the Apple account. So I can just transfer them back? Will I be charged to do that if it is to a verified account?
How do I transfer funds from my Apple Savings account ?
