Apple Pay transactions can come out of your bank account, but the specific method of payment depends on how you use Apple Pay. When you make purchases using Apple Pay with a credit or debit card, the money is typically deducted from your bank account.
However, when it comes to Apple Pay Cash, a feature within the Messages app that allows you to send and receive money to and from others, the process is a bit different. When you send money to someone through Apple Pay Cash, the funds are first deducted from your Apple Pay Cash balance, if you have any. If your Apple Pay Cash balance is insufficient to cover the transaction, the remaining amount will then be deducted from your connected debit or credit card.
The Apple Pay Cash balance works like a virtual account within the Wallet app on your iPhone. You can add money to this account, either from your bank account or by receiving payments from others. The money you receive through Apple Pay Cash can be used to make purchases, send money to others, or transferred to your bank account.
If you prefer to transfer the money in your Apple Pay Cash account directly to your bank account, you can do so. Open the Wallet app, select your Apple Pay Cash card, tap on the three dots in the top-right corner, and then choose “Transfer to Bank.” Follow the prompts to complete the transfer, which typically takes 1-3 business days to process.
Apple Pay provides flexibility in how you fund your transactions. Whether you use your bank account directly or utilize the Apple Pay Cash feature, you have control over how the money is deducted.