Tag Archives: Personal Checking & Savings

WhatsApp will soon let you add two accounts to one device

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If you have a personal WhatsApp account and a business one — or two accounts of the same nature — you'll soon no longer have to carry two phones to be able to access them both. WhatsApp will finally let you add two accounts to one device, as long as you have a second phone number or a phone that supports eSIM or dual/multiple SIMs. 

You won't even need to log out of one account to be able to access the other. To have simultaneous access to two accounts, go to the app's Settings page and click on the arrow next to your name to find the "Add account" option. Each account has its own privacy and notification settings, so you can choose to receive alerts from one and not the other, which sounds incredibly useful if you're on vacation and don't want to hear from your work or business for a while. 

The new feature follows an update earlier this year that gave you the capability to access your account on multiple devices. WhatsApp used to be very strict when it comes to account access and limited you to having one account on one phone. It started exploring multi-device functionality in 2021, though, and rolled out the ability to sync one account across up to four phones in April. This upcoming update, which could make it easier to juggle different aspects of your life while maintaining boundaries, is rolling out for Android devices in the coming weeks. 

This article originally appeared on Engadget at https://www.engadget.com/whatsapp-will-soon-let-you-add-two-accounts-to-one-device-070407645.html?src=rss

Venmo will soon have accounts for teenagers, with no-fee debit card and ATM access

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Parents with teenagers have a new option for managing their kids' spending money: Venmo has announced a feature it calls Venmo Teen Accounts. This lets parents create accounts for minors aged 13 to 17. It comes with a Venmo Teen Debit Card, which gives parents or guardians an insight into spending, lets them send money and allows them to manage privacy settings.

According to Venmo, over 50 percent of parents are interested in using apps to help their children learn about money. The company also claims that over 45 percent of Gen Z want to have a conversation with an adult about managing personal finances. The Venmo Teen Account should hopefully bridge that gap for many parents or guardians out there.

Venmo says that the Venmo Teen Account has no monthly fees and that the debit card will have no-fee cash withdrawals at ATMs. Of course, the account will be able to send and receive money from family and friends. Parents and guardians will be able to see friends list, transaction history, account balance, and be able to manage the debit card’s PIN, lock and unlock it and block users from interacting with the account.

And since it’s separate from the parent or guardian’s account, teens will be able to independently track their own spending and learn financial responsibility. Venmo says that teen accounts will be eligible for direct deposit, which is great for those with part-time jobs.

Signing up for a teen account is pretty straightforward. Parents or guardians will need to sign into their personal Venmo account and tap Me > (Your Name) > Create a teen account. From there, you’ll need to add a name, address, and date of birth, and choose a debit card style from a selection of a few colors.

Venmo Teen Accounts will be rolling out to select users in June of 2023 and will be available on a wider scale in the weeks following.

This article originally appeared on Engadget at https://www.engadget.com/venmo-rolls-out-teen-accounts-with-no-fee-debit-card-and-atm-access-120038618.html?src=rss

Apple Card holders can now sign up for a high-yield savings account

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Apple is launching its high-yield savings account for Card owners in the US after a months-long wait. Sign up for the 4.15 percent annual percentage yield offering and you can either transfer money (from your Apple Cash balance or a linked bank account) or automatically deposit your Daily Cash from purchases. There are no fees, balance requirements or minimum deposit amounts, and you can withdraw money at any time.

Like with Apple Card itself, Goldman Sachs provides the savings account. The concept is somewhat similar to Goldman's "Marcus" account, which offers a 3.9 percent yield with comparable flexibility. Both Marcus and Apple's account are built for mobile users who aren't keen on setting foot inside a bank. The difference, of course, is that Apple's is tied to the iPhone's Wallet app.

The savings account requires at least iOS 16.4. There are also a few limitations. You can't have more than $250,000 in the account, and transfers to or from Apple Cash have to range between $1 and $10,000. You also can't transfer more than $20,000 per week.

The debut comes just weeks after the company introduced Apple Pay Later to help American users split online purchases into interest-free payments. As with that service, the Apple Card savings account is believed to be part of a larger strategy that brings more financial services in-house. These not only let Apple control more of its customer experience, but help it keep users in the ecosystem. You may stick to iPhones knowing you can easily build funds.

This article originally appeared on Engadget at https://www.engadget.com/apple-card-holders-can-now-sign-up-for-a-high-yield-savings-account-142024930.html?src=rss

Apple Card holders can now sign up for a high-yield savings account

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Apple is launching its high-yield savings account for Card owners in the US after a months-long wait. Sign up for the 4.15 percent annual percentage yield offering and you can either transfer money (from your Apple Cash balance or a linked bank account) or automatically deposit your Daily Cash from purchases. There are no fees, balance requirements or minimum deposit amounts, and you can withdraw money at any time.

Like with Apple Card itself, Goldman Sachs provides the savings account. The concept is somewhat similar to Goldman's "Marcus" account, which offers a 3.9 percent yield with comparable flexibility. Both Marcus and Apple's account are built for mobile users who aren't keen on setting foot inside a bank. The difference, of course, is that Apple's is tied to the iPhone's Wallet app.

The savings account requires at least iOS 16.4. There are also a few limitations. You can't have more than $250,000 in the account, and transfers to or from Apple Cash have to range between $1 and $10,000. You also can't transfer more than $20,000 per week.

The debut comes just weeks after the company introduced Apple Pay Later to help American users split online purchases into interest-free payments. As with that service, the Apple Card savings account is believed to be part of a larger strategy that brings more financial services in-house. These not only let Apple control more of its customer experience, but help it keep users in the ecosystem. You may stick to iPhones knowing you can easily build funds.

This article originally appeared on Engadget at https://www.engadget.com/apple-card-holders-can-now-sign-up-for-a-high-yield-savings-account-142024930.html?src=rss

Apple Card users can soon sign up for a ‘high-yield’ savings account

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Your Apple Card is now more of a full-fledged banking service. Apple has introduced a "high-yield" savings account from Goldman Sachs that will soon let you grow your funds. You can have your card's Daily Cash automatically deposited if you like, but you can also transfer money from a linked bank account or your Apple Cash balance. You can withdraw at any time, and there are no fees, balance requirements or minimum deposit amounts.

The savings account will be available to Americans sometime in the "coming months," Apple said. We've asked the company about the exact yield rate and will let you know if we hear back — needless to say, this could play a major role in your decision to sign up.

If this sounds somewhat familiar, it should. Goldman Sachs already offers a "Marcus" savings account that you can quickly open online and link to other banks. It's built for mobile users with a dedicated app, touts a relatively high 2.15 percent annual yield and doesn't carry any fees or minimum deposits. Apple's offering mainly stands out through its daily reward deposits and, of course, tight integration with iPhones and other Apple products.

The Apple Card savings account isn't quite the company's answer to Google's defunct Plex banking service, though. Where that was ultimately a bid to modernize banking for companies that didn't have their own apps, Apple is providing a savings account dedicated to its cardholders. This is an incentive to use your card and stick to the Apple ecosystem.

Apple Card users can soon sign up for a ‘high-yield’ savings account

Posted on by

Your Apple Card is now more of a full-fledged banking service. Apple has introduced a "high-yield" savings account from Goldman Sachs that will soon let you grow your funds. You can have your card's Daily Cash automatically deposited if you like, but you can also transfer money from a linked bank account or your Apple Cash balance. You can withdraw at any time, and there are no fees, balance requirements or minimum deposit amounts.

The savings account will be available to Americans sometime in the "coming months," Apple said. We've asked the company about the exact yield rate and will let you know if we hear back — needless to say, this could play a major role in your decision to sign up.

If this sounds somewhat familiar, it should. Goldman Sachs already offers a "Marcus" savings account that you can quickly open online and link to other banks. It's built for mobile users with a dedicated app, touts a relatively high 2.15 percent annual yield and doesn't carry any fees or minimum deposits. Apple's offering mainly stands out through its daily reward deposits and, of course, tight integration with iPhones and other Apple products.

The Apple Card savings account isn't quite the company's answer to Google's defunct Plex banking service, though. Where that was ultimately a bid to modernize banking for companies that didn't have their own apps, Apple is providing a savings account dedicated to its cardholders. This is an incentive to use your card and stick to the Apple ecosystem.