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The absurdity of this is layered and nuanced, like a souffle of clumsy, anti-customer banking practices. One trigger for such a bank security review, you see, is making a large deposit into a new account. But Apple has been heavily marketing the above-average interest rate on its savings service (4.15%), so it shouldn’t be a surprise people are depositing large amounts – which is also kind of what normal people do with a savings account already? And the savings service was only launched a few weeks ago, so all of the accounts are new.
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- Source: https://www.coindesk.com/consensus-magazine/2023/06/02/apple-and-goldman-sachs-dont-trust-their-new-banking-customers/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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