Apple’s ‘Goodwill Credit’ For Apple Savings Customers Could Cost It $200 Million

OBSERVATIONS FROM THE FINTECH SNARK TANK

Last month, the Wall Street Journal reported that some Apple Card Savings account holders experienced issues moving money out of their Apple savings account to an external bank account.

In an effort to placate disgruntled customers, Apple announced this week that it would offer a $100 “goodwill credit” to affected account holders. According to 9t05 Mac, Apple notified “at least some” of the Apple Card Savings Account users affected by the delay. The email said: