Hello, can one transfer a lump sum of money, like $5K+ or more from a regular bank to Apple HYSA in one day? Also, are there any withdrawal limits? If so, should one keep some money in regular savings for instant access? Thanks!
You can transfer $5,000 in one day, yes. No limit is specified when transferring from a bank. Set up and use Savings in Apple Wallet - Apple Support
No limits are specified for withdrawl from Apple Savings. Set up and use Savings in Apple Wallet - Apple Support
There are limits specified for Apple Cash transfers and transactions.
It's not a good idea to keep money needed "immediately" in a savings account as withdrawls can take days to process.
Great, thanks a lot! I appreciate your detailed response and links!
Can one transfer a significant lump sum of money all at once?
