Apple’s bank is the Hotel California of banking

Stefan Mileschin · 6th June 2023, 08:39

Check your money in whenever you like, but you can’t take it out

Apple fanboys are a little surprised that Apple’s Savings Account system has a super-cool, innovative feature that means they can’t take it out.

Apple's savings account is in partnership with Goldman Sachs, which is currently fending off two federal lawsuits which claim it is a knowing facilitator and cash conduit for Jeffrey Epstein’s child sex trafficking ring.

Their partnership was launched in April to great hype, with fanboys dreaming they could finally entrust all their money to their favourite multi-national. Customers deposited $1 billion in the first four days after the feature debuted on April 17. However, it appears that their dream has been dashed because it has been too hard to get their money out.

One case was Nathan Thacker, who lives outside Atlanta and had the temerity to want to transfer $1,700 from his Apple account to JPMorgan Chase since 15 May.

https://fudzilla.com/news/57019-appl...nia-of-banking

6th June 2023, 08:39	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	Apple’s bank is the Hotel California of banking Check your money in whenever you like, but you can’t take it out Apple fanboys are a little surprised that Apple’s Savings Account system has a super-cool, innovative feature that means they can’t take it out. Apple's savings account is in partnership with Goldman Sachs, which is currently fending off two federal lawsuits which claim it is a knowing facilitator and cash conduit for Jeffrey Epstein’s child sex trafficking ring. Their partnership was launched in April to great hype, with fanboys dreaming they could finally entrust all their money to their favourite multi-national. Customers deposited $1 billion in the first four days after the feature debuted on April 17. However, it appears that their dream has been dashed because it has been too hard to get their money out. One case was Nathan Thacker, who lives outside Atlanta and had the temerity to want to transfer $1,700 from his Apple account to JPMorgan Chase since 15 May. https://fudzilla.com/news/57019-appl...nia-of-banking

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