The Apple Card is issued by two different banks: Goldman Sachs Bank USA and Green Dot Bank. The specific bank that is used depends on whether you have an Apple Cash account or not.
If you do not have an Apple Cash account, the Daily Cash earned with your Apple Card can be applied as a credit on your statement balance by contacting Goldman Sachs Bank USA. They are responsible for managing the financial aspects of the Apple Card, including handling transactions, balances, and payments.
On the other hand, if you have an Apple Cash account, the Apple Cash card is issued by Green Dot Bank. This account allows you to receive and store the Daily Cash you earn with your Apple Card. You can use this cash to make purchases, send money to friends and family, or transfer it to your bank account.
It’s important to note that Goldman Sachs Bank USA and Green Dot Bank are both reputable financial institutions that are members of the Federal Deposit Insurance Corporation (FDIC). This means that your funds are insured up to the maximum allowed by law, providing you with additional security and peace of mind.
In my personal experience, I have found the Apple Card to be a convenient and user-friendly credit card. The integration with the Apple Wallet and the ability to earn Daily Cash on every purchase is a great feature. I have also found the customer service provided by both Goldman Sachs Bank USA and Green Dot Bank to be helpful and responsive when I had questions or needed assistance.
To summarize, the Apple Card uses both Goldman Sachs Bank USA and Green Dot Bank. If you have an Apple Cash account, your Daily Cash is managed by Green Dot Bank, while Goldman Sachs Bank USA handles the financial aspects of the Apple Card for those without an Apple Cash account.