Can’t Open an Apple Savings Account on iPhone? 16 Fixes!

In more ways than one, the Apple Savings account stands out from the rest. For one, it provides up to 4.15% yield which is much higher than any other bank savings account in the USA. Moreover, the Savings account is FDIC insured up to $250, 000 through Goldman Sachs, and doesn’t require any hidden fees, minimum balance, or deposits whatsoever. Couple that with multiple ways to amp up “Daily Cash” and Savings seems to have checked off all the boxes to bolster your financial life. Unfortunately, a handful of users can’t open an Apple Savings account from iPhone, while others have stated that an Apple Savings account is not showing up in the Wallet app. If you have also faced the same problem, check out these 16 viable tips to fix the issue.

Best Tips to Fix Apple Savings Account Not Showing Up in Wallet App on iPhone

As to what could be preventing Apple Savings account from showing up in the Wallet or stopping anyone from setting up a Savings account, there could be a cluster of reasons including eligibility requirements. Besides, I won’t completely rule out the possibility of software glitches either.

1. Make Sure You Are a U.S Redient

First and foremost, be sure you are a U.S. resident with a valid physical U.S. address. If you don’t meet this requirement, you are out of luck.

2. You Must Be at Least 18 Years Old

Another important requirement that you must check off is that you must be at least 18 years old to be able to set up an Apple Savings account.

3. Ensure That You Have a Social Security Number

Keep in mind that an Apple Savings account requires you to have a social security number or an individual taxpayer identification number. Do not fail to get the security number before applying for Savings.

4. Make Sure You are an Owner or a Co-Owner of an Apple Card

It’s also important to note that if you have Apple Card Family, be sure you are either an owner or a co-owner. Otherwise, you won’t be allowed to set up an Apple Savings account.

5. Your Apple Card Must Have Been Added to the Wallet App

Note that at the time of opening an Apple Savings account, ensure that your Apple Card has been added to the Wallet app. If it’s not the case, apply for an Apple Card and add it to the Wallet app before attempting to open Savings.

6. Make Sure Your iPhone is Running iOS 16.4 or Later

Ensure that your iPhone is running iOS 16.4 or later. Yeah, the Apple Savings account has been added in the latest iteration of iOS. Therefore, be sure to tick off this essential requirement as well.

7. Ensure That Two-Factor Authentication is Enabled On Your Device

Bear in mind that two-factor authentication is a must for opening an Apple Savings account.

  • Navigate to the Settings app on your iPhone -> tap on the Apple ID banner at the top -> choose Password & Security.
  • After that, ensure that 2FA is active.
Enable two factor authentication on your iPhone

8. Force Quit Apple Wallet App and Relaunch the App

If the Wallet is crashing or freezing while you are trying to create an Apple Savings account, force kill the app and launch it again.

  • On your iPhone with Face ID: Swipe up from the bottom edge of the display to reveal the App Switcher -> swipe up the Wallet app card to kill it.
  • On your iPhone with Touch ID: Double-press the Home button to access the App Switcher -> find the Wallet app and swipe it up to kill it.
  • If there are many apps open in the background, I would recommend you force quit all the apps. Then, launch the Wallet App -> tap on the triple-dot menu at the top -> Dail Cash -> Choose Set Up. After that, go through the onscreen instructions to set up your Savings account.

9. Unable to Spend Money or Make Purchases in Savings? Know This…

If you are trying to spend money or make purchases in Savings directly through Apple Pay or Apple Card, you should know that Apple doesn’t allow it. To use your funds, transfer your money from Savings to Apple Cash or to any linked external bank account.

10. Is Your Apple Card Account Restricted or Locked?

Apple clearly states that if your Apple Card account is locked or restricted, you won’t be able to open an Apple Savings account. So, double-check your Apple Card to find out whether it’s been restricted due to any reason.

11. Unable to Transfer Money To/From your Apple Savings Account?

If you can’t transfer money to or from your Apple Savings account, make sure your Apple Cash or Savings account is not locked/restricted. In this situation, contact a Savings support specialist to access your funds.

12. Reboot Your iPhone

If you are still unable to open Savings or if it doesn’t show up in the Wallet app, reboot your device. Once your device has rebooted, launch the Wallet app and try to set up the Savings account again.

  • Should the Wallet app continue to misbehave, go for the hard reset since it’s a bit more effective than the soft reset. To do so;
  • Press and quickly release the volume-up button located on the left. Then, immediately, press and release the volume down button (also located on the left-hand side of the device). After that, hold down the power button located on the right until you see the Apple logo on the screen.

13. Update Software

Considering the fact that iOS 16 is plagued with too many issues, there is no way you can rule them out. As Apple releases most iOS updates with a good number of bug fixes and performance boosters, it wouldn’t be wrong to expect the software update to get rid of the problem.

  • Go to the Settings app on your iPhone -> General -> Software Update and then download and install the latest iteration of iOS.
Choose software update

14. Sign Out of Apple ID and Sign Back In

On many occasions, you can resolve a miscellaneous iOS issue by just signing out of your Apple ID and signing back in.

  • On your iPhone, go to the Settings app -> tap on the Apple ID banner -> Sign Out, and confirm.
Securely Sign Out Of Apple ID on iPhone and iPad

15. Factory Reset Your iPhone

Factory reset has also been a decent problem solver. Therefore, we will go for it as well. If it’s the first time you are going to factory reset your device, let me tell you that it will clean up the entire custom settings.

  • On your iPhone; launch the Settings app -> General -> Transfer or Reset iPhone -> Reset -> Reset All Settings.
Reset All Settings

16. Contact Apple Savings Support Specialist

If none of the tips has worked in fixing the Apple Savings account not showing up on your iPhone, contact Apple Savings Support Specialist for help. There might be some software-related issues. Besides, it wouldn’t be wrong to put the blame on restrictions as well. Hopefully, Savings Support will be able to resolve the problem.

Read more: 26 Ways to Fix Siri Shortcuts Not Working on iPhone or iPad (2023)

Posted by
Rajesh Mishra

Co-founder/Editor-in-Chief: Rajesh Mishra (Your beloved “R.K” 360 Reader Voice) is a Shakespearean poet at heart who turned a tech nerd while having a secret rendezvous with iPhone 4. When that rendezvous turned obsession, he let go of his hard-core political journalism in favour of the lifelong love-affair with technology. In a career spanning one and a half decades, Mr. Mishra has crafted over 8K articles and around 2K YouTube videos. He is probably the only journalist alive with this unique achievement. When he is not at his desk, you may find him either engrossed in a Deathmatch or chasing Wordsworth!

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