18 October 2022
Apple has partnered with Goldman Sachs to supply Apple Card customers with a financial savings account the place they’ll be capable to mechanically deposit their Every day Money cashback rewards.
Apple Card customers will be capable to arrange, handle and monitor their financial savings account by the Pockets app within the coming months. The account could have no charges, no minimal deposits, and no minimal stability necessities.
Customers will be capable to deposit funds into and withdraw from their financial savings account by a linked checking account or their Apple Money stability.
Apple Card customers additionally get cashback on purchases from choose retailers equivalent to Uber and Uber Eats, Walgreens, Nike, T-Cell, and ExxonMobil.
Jennifer Bailey
“Financial savings permits Apple Card customers to develop their Every day Money rewards over time, whereas additionally saving for the long run. Financial savings delivers much more worth to customers’ favourite Apple Card profit — Every day Money — whereas providing one other easy-to-use instrument designed to assist customers lead more healthy monetary lives,”
mentioned Jennifer Bailey, Vice President of Apple Pay and Apple Pockets at Apple.
This text first appeared on Fintech Information Switzerland.
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