I don’t have an option to set up a savings account and I want to get one.

iPhone must be updated to iOS 16.4.1 or Apple Savings account is not available. If you have confirmed you’re iPhone is up to date, then please follow my guide below.

Let’s start with the basics and continue to the application for Apple Savings Account. Updating your iPhone to iOS 16.4.1 or higher is necessary or the application links will not appear. Link to update is below.

What you need to open and maintain an account

• Be an owner or co-owner of an active Apple Card account and add Apple Card to your iPhone.
• Be at least 18 years or older.
• Have a social security number or individual taxpayer identification number.
• Be a U.S. resident with a valid, physical U.S. address.
• Set up two-factor authentication for your Apple ID and update to the latest version of iOS.
• Apply within US
• Apple Cash Account must be verified.
• iPhone must be updated to iOS 16.4.1 or higher.

iPhone must be updated to latest version of iOS, 16.4.1 or higher, this requires an iPhone 8 or higher.

Update your iPhone or iPad - Apple Support

iPhone must be updated or you can’t apply. Your Apple Cash account must be verified to transfer funds from Apple Cash account.

Identity verification for Apple Card or Apple Cash - Apple Support

Once you’ve checked and verified the above requirements, you can apply for Apple Savings Account by following the steps in this support article.

Set up and use Savings in Apple Wallet - Apple Support

If you would like to view a post with screenshots showing each step, follow this  link.

Why I can’t open a savings account - Apple Community

Please do not confuse Settings app for Wallet app! The Wallet app is where you start to navigate to for approval for Apple Savings account.

If you experience issues, please let us know by adding a comment to your post.

This is actually really helpful. I have an iPhone 7 and was really confused as to why I couldn't see any of the beginning application steps from my Apple Card in Wallet. Kind of a bummer though, I very much like my home button and so the only upgrade option for me is the SE and I just can't justify springing for that while my phone is otherwise completely functional.

Sorry the new Apple Savings account is not an option for you. Not sure the actual reasons, but I’m sure Goldman Sachs Bank and Apple had protecting your personal and financial information foremost in their minds as they developed Apple Savings.