Stay away from Apple Savings accounts

[Soterus]

Many accounts are frozen, see below:

Apple and Goldman Sachs Don’t Trust Their New Banking Customers

“Security reviews” are locking up Apple Savings accounts for weeks on end, as a blunt-force anti-money laundering system turns customers into suspects.

www.coindesk.com

 

[wellington]

Always AML... ALWAYS... it's unworkable...

The explanation for the delays is reasonable – at least, by the bizarre standards of the traditional finance system. In many cases the frozen funds were under “security review” – that is, Goldman is making sure its depositors aren’t engaged in criminal money laundering.

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[jafo]

Many accounts are frozen, see below:

Apple and Goldman Sachs Don’t Trust Their New Banking Customers

“Security reviews” are locking up Apple Savings accounts for weeks on end, as a blunt-force anti-money laundering system turns customers into suspects.

www.coindesk.com

Wow! Thanks for the heads-up! I was going to load up with Apple's savings. Dodged a bullet!

What needs to be done is to flag one's account with the name(s) and home address(es) of the person(s) who froze it.

Anonymity brings out the worst in dastardly folks

When self-preservation is thrown into the equation, people will suddenly want peace of mind and will start minding their own business.