[HN Gopher] Apple Customers Say It's Hard to Get Money Out of Go...
       ___________________________________________________________________
        
       Apple Customers Say It's Hard to Get Money Out of Goldman Sachs
       Savings Accounts
        
       Author : sjansen
       Score  : 26 points
       Date   : 2023-06-02 20:40 UTC (2 hours ago)
        
 (HTM) web link (www.wsj.com)
 (TXT) w3m dump (www.wsj.com)
        
       | rvz wrote:
       | Just like lemmings attracted to the high yields to claim and
       | boost adoption numbers, now the bank doesn't want you to withdraw
       | your money too easily.
       | 
       | A very slow and steady rug pull which the yields will gradually
       | drop.
        
       | linusg789 wrote:
       | https://ghostarchive.org/archive/4kcgj
        
       | Our_Benefactors wrote:
       | I tried in multiple ways to put money in and was not able to.
       | I'll hold off I suppose.
        
       | watersb wrote:
       | My hot take is that this is a new service, so none of the
       | accounts have much of a history.
       | 
       | Algorithms in place could reasonably impose extra checks on large
       | withdrawals from new accounts.
       | 
       | What's more, I could speculate that Goldman Sachs' limited
       | experience with mainstream retail banking could lead to delays of
       | this sort, where they lack a statistical universe to identify
       | exceptional usage (transactions large percentage of balance) as
       | legitimate.
       | 
       | FWIW, I have a tiny amount of money in an Apple Savings account;
       | I have deposited funds and withdrawn a bit exactly one time each.
       | No unusual delay, but it's not exactly an account I intend to use
       | like checking.
        
       ___________________________________________________________________
       (page generated 2023-06-02 23:02 UTC)