Or maybe, maybe we can call this a miss? It's a common feature, they really should have it.
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Apple Card Savings Account Available Starting Today With 4.15% Interest Rate
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Or maybe, maybe we can call this a miss? It's a common feature, they really should have it.
Are you taking part in some secret medical experiments which may enable you to live forever? If not, should your file not be titled "when I die"?
The ability to add beneficiaries to financial products via some UI.
I see. I did it in about 15 mins by calling them. I don't think that's unreasonable.
In this case, my guess is that it is "coming" in a software release from Apple and they didn't want to hold the whole thing up in the meantime, especially given there is an easy workaround. So not so much as a "miss" as much as not everything on the roadmap made it into the initial release.
That said, I will agree that it "seems trivial" and surprising it wasn't in the initial release, even though I realize that they didn't want to announce, and then tell people already running the current version to do a software update first.
At the end of the day, I don't think it is a big deal.
My wife and kids know where my assets are and have all my passwords. However, most people don't think about this.
This entire situation is something that seriously needs to be addressed in this digital world.
Right now, if someone over 70 dies, there are paper copies of all life insurance, bank accounts, wills, etc. in a filing cabinet/drawer in their house. But if someone who's in their mid-20s dies, good luck with that.
Within the next few years, I bet some bank/company will set up a trust to hold all your accounts, passwords, etc. so when something does happen to you, or you forget even, these accounts won't be lost.
(And account information and passwords can be held in different trusts so a data breach won't allow someone to get into everything you have)
I made more than 5x that in four transactions yesterday, so that can’t really be possible.
I don’t know why would have multiple banks for savings or checking accounts unless you like banking with weird startups or something.
Different purposes and limiting problems.
For example, if you carry a debit card, it can be very wise for it to not have access to your primary bank account. If there is a problem, sure, you may get your money back, eventually. Doesn't mean you won't have a lot of problems in the meantime.
You may also want an account that is use for important stuff, like your mortgage payment and payroll deposits, not be the same one you use for other things.
I have 8 checking or savings accounts with USAA and 3 elsewhere.
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Schwab doesn't pay a similar rate from what I saw. Their rate is below 1 percent. Savings is 0.48 and checking is 0.45, which is a lot lower then what other HYSA pay.
You have FDIC insurance of $250K at each bank institution. Therefore, to make sure you are under the $250K you would have more than one account if you have over $250K in cash assets.
I saw that there is way to set up a beneficiary to the account. It requires a phone call to GS: 1-877-255-5923. My wait time was about 11 minutes.
Once you get a hold of a agent, you will need the full name, SS#, Birthday, and mailing address for each beneficiary. However, you CAN NOT have different levels or percentages for each beneficiary. Therefore, a spouse and children will all have equal percentage as beneficiary if the primary owner of the account dies.
They need to set up the Wallet app so you can enter this information on your own.
Once they have your beneficiary, the Wallet app will show the beneficiary, but it will require another phone call to a agent if you wanted to make changes or modifications.
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Don't want to sound rude but that's not normal and sounds exhausting ha.
I’ve been checking daily since the release, have restarted my iPhone, added and removed my Apple Card and Apple Cash, and I still don’t have the savings account option. Anyone know how I can get it?
I saw some folks talking about identity verification, but I don’t see any option for me to do that anywhere, either.
I saw some folks talking about identity verification, but I don’t see any option for me to do that anywhere, either.
Hop on chat in the wallet app and ask them what's going on. Nobody here could help unfortunately. There has to be something locked in your account.
It's not just Europe, the Apple Card has not been released anywhere outside the United States, four years after launch. Apparently the t&cs Apple insists on so are stringent that Goldman Sachs has lost money and other banks are not interested in signing up
I think this is fine for people who aren't disciplined enough to use credit for what its. Myself and most of the people I know use credit as a tool. Especially credit cards. I use my credit card for the points and security of not having to walk around with a bunch of cash to get stolen or lose. I pay my card of constantly never carrying a balance more than a week. It's got it's benefits. I also have a mortgage. If I waited to save enough cash to buy a house I'd still be renting.
Most of the people I know who talk angerly about credit and swear it off like the devil have either abused credit at one time and defaulted on a credit card/loan or worship Dave Ramsey like he's some sort of financial god.
You do you without telling others what they should do because it works for you. Sound advise for someone with financial issues is great but basically telling people they are stupid for utilizing credit is not so cool.
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