Apple Savings Account Users Face Withdrawal Woes

Customers of Apple's high-yield savings account service, part of the Apple Card managed on the iPhone and backed by Goldman Sachs, have reported weeks-long delays and issues with transferring money to external bank accounts. Some customers have even opted to close their accounts due to these hiccups. Goldman Sachs puts some blame on the newness of the accounts and the need for security scrutiny for large transfers. Despite these issues, the process of applying for the savings account and transferring money is extremely simple and accessible, with $1 billion transferred into the new savings accounts within the first four days of launching.