Summary:
- Apple is making changes to its Apple Cash feature, which allows users to instantly transfer money between their Apple Cash account and their bank account.
- Starting soon, Apple will charge a 1.5% fee for instant transfers from Apple Cash to a bank account, with a minimum fee of $0.25.
- This change is likely due to the increasing costs associated with providing the instant transfer feature, which allows users to quickly move money between their Apple Cash and bank accounts.