Source link : https://tech365.info/apple-money-on-the-spot-switch-charges-are-going-up-quickly/
Apple right now started notifying Apple Money customers about an upcoming charge enhance for the On the spot Switch function. Beginning on February 18, 2026, selecting the On the spot Switch choice will price 1.7 % of the transaction quantity, with a minimal of $0.25 and a most of $25.
On the spot Switch is the Apple Money choice that permits you to switch cash from Apple Money to your checking account with no ready interval. The present charge is 1.5 % of the transaction quantity, with the identical $0.25 minimal charge and a decrease $15 most charge.
Utilizing On the spot Switch to deposit $1,000 from Apple Money to a checking account at present requires customers to pay a $15 charge, for instance, however that can enhance to $17 after February 18.
An ACH switch that takes one to 3 enterprise days will proceed to don’t have any charge, and that’s at all times an choice for Apple Money customers.
Transferring cash from Apple Money to a checking account will be completed by selecting the Apple Money card within the Pockets app, tapping on the three-dot extra button, after which deciding on the Switch to Financial institution choice.
Apple Money continues to be restricted to the USA. It may be used to ship and obtain cash from buddies and contacts proper within the Messages app as an alternative choice to providers like Venmo, Zelle, or PayPal.
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Author : tech365
Publish date : 2026-01-23 19:14:00
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