Apple will raise the fee for Apple Cash Instant Transfers to 1.7% starting in mid-February, increasing the maximum charge while leaving slower bank transfers free.
Apple Cash
Apple updated the Apple Cash Terms and Conditions on January 23 to reflect a higher fee for Instant Transfers to an eligible debit card. Beginning February 18, Instant Transfers will cost 1.7% of the transaction amount, up from 1.5%, with a $0.25 minimum and a $25 maximum.
The change applies only to Instant Transfers initiated from Apple Cash through the Wallet app. Standard bank transfers using the Automated Clearing House network will continue to be offered at no cost.
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