Where Does Apple Cash Go?

Video Description

Have you ever sent or received Apple Cash and wondered where that money goes? Because it isn’t deposited into your bank account, and it doesn’t exist as real paper money. Instead, it’s held in something called a stored-value account. Which is managed by Green Dot Bank, an FDIC insured financial technology company. The account is automatically created when you set up Apple Cash, and it functions like a digital prepaid debit card.