Shulou(Shulou.com)11/24 Report--

CTOnews.com December 3, Goldman Sachs (Goldman Sachs) this week updated the Apple Card client agreement, the revised terms are mainly related to the upcoming Daily Cash savings account function. This feature was originally scheduled to be launched with the update of iOS 16.1, but it was delayed for some reason.

"in order to add new functions such as stored value to Daily Cash, we have updated Daily Cash in the Apple Card Customer Agreement terms," Goldman Sachs wrote in an email to Apple Card users this week.

CTOnews.com learned that US Apple Card clients can use this savings function to automatically deposit their Daily Cash awards into a high-yield savings account at Goldman Sachs without fees, minimum deposits or minimum balance requirements.

Apple said:

Users will be able to easily set and manage savings directly in the Apple Card in their wallets. Once the user has set up a savings account, all future daily cash received will be automatically deposited into the account, or the user can choose to continue to add it to the Apple Cash card in the wallet. Users can change the whereabouts of Daily Cash at any time.

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