Fix Apple Savings Account Unable to Transfer or Withdraw Funds to External Bank Accounts Issue

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Fix Apple Savings Account Unable to Transfer or Withdraw Funds to External Bank Accounts Issue

Many Apple Savings users have encountered a frustrating issue preventing them from transferring or withdrawing thier funds to external bank accounts. This article will provide details of issue and solutions to solve the Apple Savings Account Unable to Transfer or Withdraw Funds issue.

This issue has been reported by users on reddit and Apple forum, and there seems to be no clear fix. Some users have tried contacting Apple Support, but they have not been able to get any help.

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The error message that users are receiving when they try to transfer funds from Apple Savings to an external bank account is:

For your security, only accounts that are verified to be in your name can be used for transfers. If you need help, contact Support.

This message suggests that the issue may be related to the verification process for external bank accounts. However, it is unclear why some users are able to verify their external bank accounts and others are not.

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How to Fix Apple Savings Account Can’t Transfer/Withdraw Money

In the meantime, there is a workaround that some users have found to be successful. This workaround involves adding funds to Apple Cash first, and then transferring those funds to an external bank account.

To do this, follow these steps:

  1. Open the Wallet app on your iPhone or iPad.
  2. Tap on Apple Card.
  3. Tap on Savings account.
  4. Tap on Add Money.
  5. Select Apple Cash as the payment source.
  6. Enter the amount you want to add, and then tap on Add.
  7. Once the funds have been added to Apple Cash, tap on Apple Cash again.
  8. Tap on Withdraw.
  9. Enter the amount you want to withdraw, and then tap on Next.
  10. Select your external bank account as the destination account.
  11. Tap on Withdraw.

The funds should be transferred to your external bank account within a few days.

It is unclear when Apple will fix the issue that is preventing users from transferring funds from Apple Savings to external bank accounts. In the meantime, the workaround described above should allow you to access your funds.

If you are unable to transfer funds from Apple Savings to an external bank account, you can try the following steps:

  1. Verify your external bank account with Apple. You can do this by following the instructions in the Wallet app.
  2. Try transferring a smaller amount of money. If you are trying to transfer a large amount of money, try transferring a smaller amount first.
  3. Contact Apple Support. If you have tried the above steps and you are still unable to transfer funds, you can contact Apple Support for help.

We hope this article was helpful. Please let us know if you have any other questions.

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