Summary
Apple Cash is a mobile payment service integrated into Apple Wallet, allowing users to send and receive money instantly, spend it using a virtual Visa debit card via Apple Pay, and transfer funds to and from bank accounts. It emphasizes privacy and security with features like Face ID/Touch ID authentication and offers a way to save Daily Cash earned from Apple Card in a high-yield savings account.
Features4/12
See allMust Have
2 of 5
Instant P2P Transfers
Prepaid Debit Card (Cash App Card)
Early Direct Deposit
Commission-Free Stock Trading
Bitcoin Trading
Other
2 of 7
Fraud Monitoring & Security
High-Yield Savings
Round-Up Savings
Pay Over Time (Afterpay)
Instant Discounts & Offers
Customizable Card Designs
ATM Access & Fee Reimbursement
Rationale
Apple Cash offers instant peer-to-peer transfers, a virtual debit card (Apple Cash card), and robust fraud monitoring through Face ID/Touch ID. It also integrates with a high-yield savings account for Daily Cash from Apple Card, which can be funded by Apple Cash. However, it lacks early direct deposit, direct stock/bitcoin trading, and specific features like round-up savings or customizable card designs as described for Cash App.
