Apple Cash to require ID verification starting October 4 | Technology

Apple Cash is a popular and easy way to send money right within the iOS Messages app and soon with just a tap. Up until now, you haven’t needed to submit an ID to use it. That’s changing as Apple has shared that identity verification will become a requirement starting in October. Here are all the details.

In the US, FinCEN is the government entity requiring financial institutions and companies that offer money transfer services to collect information about customers known as KYC/AML. That stands for “know your customer” and “anti-money laundering.”

While Apple Cash competitors like Paypal and Venmo have required ID verification to use the full features for some time, you haven’t needed to submit an ID to Apple to use its P2P money transfer feature (Green Dot Bank is the financial institution providing the Apple Cash service).

However, that’s changing soon. Apple shared an email update with users today that Apple Cash terms and conditions will…