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Green Dot Bank will require identity verification for every Apple Cash reload, not just activity over $500. Here's who's affected and how to verify ahead of the deadline.
Apple Cash users will soon need to verify their identity before they can add any money to their balance. In emails sent to customers on October 5, Apple says that starting November 9, Green Dot Bank, the bank that provides Apple Cash, will begin requiring identity verification to reload an Apple Cash card, MacRumors reports. 9to5Mac and AppleInsider also published the email, which accompanies revised Apple Cash terms and conditions from Green Dot.
Apple says the requirement is for "fraud protection and regulatory reasons," the same wording it uses on its identity verification support page.
Until now, verification was only needed for larger activity. According to MacRumors, Apple Cash required it once a user added, sent, or received more than $500 in total. From November 9, verification will be needed for any reload, regardless of the amount.
Right now, the only way to add money to Apple Cash is through the Wallet app, using a linked debit or prepaid card.
Apple Cash is available only in the U.S., which Apple defines as the 50 states, the District of Columbia, and Puerto Rico, and you must be 18 or older to send and receive money with your own account. That's a narrower footprint than Apple Pay, which recently launched in India with Axis Bank cards.
Apple documents these steps on iPhone:
Green Dot's terms say it asks for your full name, address, date of birth, and Social Security number to register an account, and may also ask for a driver's license or other identifying documents, or for answers to security questions. Apple notes you might be prompted to verify again later even if you've done so before. If you need help, Apple directs users to an Apple Cash Specialist at Green Dot Bank.
The email also flags a possible new way to add money. Apple writes that Green Dot "may enable Externally-Initiated Funding Transactions, which provide you the ability to transfer funds directly from a bank or merchant to your Apple Cash Card, subject to certain limits." No date was given.
Green Dot also updated the arbitration section of its terms. Apple's email doesn't detail the changes but encourages users to review them, since they cover users' rights and how disputes are handled.