Yes. Marcus, Online Savings Accounts and CD accounts are provided by Goldman Sachs Bank USA. Goldman Sachs Bank USA is an FDIC member, which means that funds deposited in Marcus savings accounts (and any other deposit products you may have at Goldman Sachs Bank) are insured up to the maximum allowed by law, which is currently $250,000 for all your individually-owned accounts combined, $250,000 per owner for all your jointly-owned accounts, and $250,000 per beneficiary (up to a total of $1,250,000 per account owner if more than 5 beneficiaries are named) for accounts with payable-on-death (POD) designations.

Our customers are not required to apply for or request coverage. However, to ensure your funds are fully protected, it’s important to understand account ownership types and your deposit insurance limits. Click here for more details about FDIC insurance coverage, how it works and ways you could maximize your coverage.

All Online Savings Account and CD account owners—including joint account owners—are required to complete a Signature Card for each account opened. Depending on how you open your account, you may complete an electronic Signature Card on our website or you may complete a paper Signature Card that we have mailed to you and that you will need to mail back to us. If you do not complete a Signature Card within a specified period of time, we may elect to close your account. Additionally, if a Signature Card is not received for the required owner, we are required by law to withhold a percentage of the taxable interest paid on the account. 

Log in and navigate to your Account Details page. At the top of the page, you’ll see ‘Account & Routing number:’ Select “Show” to reveal your full account number and, depending on the type of account, our routing number. You can also find your account number on your monthly account statement.

Online Savings Account rate
High Yield Certificate of Deposit rates
No-Penalty CD rates
Rate Bump CD rates

You can also ask us about current rates by phone or chat. 

A “Power of Attorney” is a legal document that gives someone, known as an “attorney-in-fact”, the power to take certain actions on your behalf. We will not allow an attorney-in-fact to open an account on your behalf.

To name an attorney-in-fact for your account through a Power of Attorney document you will need to complete an Affidavit & Indemnity of Attorney-in-Fact Form and a Durable Power of Attorney Form. The Power of Attorney form can be either our Marcus by Goldman Sachs Durable Power of Attorney form or a standard Durable Power of Attorney form provided by you. If using the Marcus by Goldman Sachs Durable Power of Attorney form, we will need the original signed copy. If using your own Durable Power of Attorney form it must be a certified copy.

Unfortunately, we’re not able to receive letters or documents regarding a Power of Attorney via email. Please send all documents via US mail to:

Goldman Sachs Bank USA
11850 South Election Road
Draper, UT 84020

Please call us if you have any questions about the documents required for a Power of Attorney.

At this time, we do not offer a debit card or ATM card for Marcus savings accounts. You can access the funds in your account by sending an ACH Transfer to your account at another bank or by sending a wire transfer.

Please click click here for information on the steps you should take when an account owner passes away, including documents for download.

Interest is compounded daily and credited monthly to your account. Interest is calculated using the daily balance method. This method applies a daily periodic rate to the principal and interest that has accrued in the deposit account each day. This means that the interest from your account is calculated every day on a 365-day year/ 366-day for leap years. Please see our Deposit Account Agreement for additional information.

Our business days are Monday through Friday excluding standard holidays observed by the Federal Reserve System. Wire transfer requests made after 4 pm ET on a business day or on a non-business day, or ACH transfer requests made after 6 pm ET on a business day or on a non-Business Day, will be considered received on the next business day.

We were unable to verify you through our
automated process, so we require additional
information to verify your identity. If you don’t
have your ID, you can come back to your
application later.

The following ID types are accepted:

• US State and Territory-Issued Driver's License (except Northern Mariana Islands and Guam)
• US Municipal ID
• State or Territory ID
• Any Passport (except Cuban)
• US Passport Card
• US Permanent Resident Card

The following ID types are not accepted:

• Visa
• Military ID
• Temporary ID
• Expired ID
• Any other type of ID not listed

First, make sure the ID clearly shows your
name and that it hasn’t expired. You can
upload documents for your deposit account
application directly from your mobile device's
camera, your photo library or upload files from
your desktop computer.

Depending on the type of ID selected, you
may be asked to upload one or both sides of
the document. Upload both sides if using your
Driver’s License/US Municipal ID/State or
Territory ID/US Permanent Resident Card.
For Passports, only the front page is required.

To upload your ID:

1. Select whether you'd like to upload an existing photo (desktop or mobile) or take a new photo (mobile).
2. If you're taking a new photo, make sure your ID is placed on a flat, well-lit surface.
3. If asked to upload both sides of an ID, you'll need to upload each image separately by clicking 'Upload front of document' and 'Upload back of document.'
4. If uploading a Passport, you'll be asked to 'Upload passport image.'
5. When you're done, click "Submit."

In some cases, we may ask you to re-upload an ID if:

• your name isn't included;
• the document type cannot be determined.
• pages are missing;
• the document is blurry or cut off; or unreadable
• it wasn't in a supported format (JPG, PNG or BMP).

Note: Document upload directions only apply to online applications.

There are multiple ways you can add money to your savings or CD account:

#1 Transfer funds from a linked external bank account. Marcus will process transfers of $1,000,000 or less made through Marcus by 12 pm ET on a business day, by 5 pm ET that day. For outgoing transfers, check with your external bank regarding availability of funds sent by Marcus. For incoming transfers, you’ll start earning interest on the transfer amount the day your request is received. All transfers are subject to conditions that may delay funds, such as transfers made in connection with an account closing.

#2 Direct deposit (Marcus Online Savings Accounts only). For information about direct deposit of payroll, see the FAQ “How do I set up direct deposit with my employer?.”

#3 Send a check by US mail (per our Deposit Account Agreement, we don’t accept cash). Note: This is for deposit accounts only. Click here for instructions to send a check for rollover to a Marcus Invest retirement account.

Mail check to:
Goldman Sachs Bank USA
PO Box 4571
Carol Stream, IL 60197-4571

See “What kind of checks can I deposit” for details and requirements.

#4 Send a domestic wire transfer from another bank in the US, specified US territories or US jurisdictions, as described in our Deposit Account Agreement. You will need to provide the Goldman Sachs Bank USA Routing Transit Number and your account number.

Routing Transit Number (RTN) for Savings: 1240-8526-0

Wire Transfer Address:
Goldman Sachs Bank US
11850 South Election Road
Draper, Utah 84020

Checks for deposit must be payable to you or to Goldman Sachs Bank USA. Endorse the back of your check with your signature and “For Deposit Only at Goldman Sachs Bank USA” and include your correct account number on the check.

Be sure the check you deposit includes both a courtesy amount and legal amount. The courtesy amount is the numerical dollar amount (for example “$100”); the legal amount is the same amount, spelled out in words (for example, “one hundred dollars”). The courtesy amount and legal amount must match.

You may not deposit the following types of items:

• Money orders
• Third-party checks (checks made payable to someone other than you)
• Starter checks
• Temporary checks
• Double-endorsed checks (checks with more than one endorsement), exceptions may apply at branch
• Checks older than six (6) months
• Postdated checks
• Foreign checks
• Incomplete checks
• Traveler’s checks
• Counter checks
• Checks with restrictive legends (for example: “Void after 180 days”)
• Other items that we have from time to time, in our sole discretion, determined not to accept.

Please see our Deposit Account Agreement for additional information regarding check and other types of deposits.

We’ll let you know if there’s an issue with a check that you try to deposit. If you continue to experience issues, please give us a call at 1-855-730-7283.

Customer Deposit Limits

Each deposit account owner is limited to a maximum balance of $3,000,000 across all deposit accounts. Online Savings Accounts and CDs are limited to a maximum balance of $1,000,000 per account.

Calculation of Limits

For purposes of calculating the maximum aggregate deposit balance permissible for each Account Owner and in each deposit account, deposit balances include the principal deposited in all accounts (i.e., Online Savings Accounts and CD accounts) held by the same deposit account owner but do not include interest earned and credited but not withdrawn. With respect to joint accounts, for purposes of determining the maximum deposit balance permissible per deposit account owner, each joint account owner will be attributed an equal portion of the balance of the joint account.

Return of Funds

In the event that the account balances exceed the applicable maximum aggregate limits by greater than or equal to $1,500 (or such lesser amount as we determine in our sole discretion), the deposit account owner authorizes us to return the full excess deposit balances to the account owner(s).

See the Deposit Account Agreement for details about Customer Deposit Limits.

There are several ways you can withdraw money from your Marcus Online Savings Account:

#1 ACH Transfer Initiated by us with a Linked External Account: You may withdraw funds from your or Online Savings Account (subject to certain transfer limits) by logging in at marcus.com or in the app website or app or calling us to initiate an ACH Transfer into a linked account at an external bank.  We do not accept requests to initiate ACH Transfers through email, secure message, or mail. Marcus will process transfers of $100,000 or less made through Marcus by 12 pm ET on a business day, by 5 pm ET that day. (Check with your external bank regarding availability of funds sent by Marcus.)

#2 ACH Transfer Initiated by an External Bank or Through a Third Party: You may withdraw funds from your Marcus deposit account by having an external bank (directly or through a third party) initiate an ACH Transfer from your Marcus deposit account.

#3 Wire Transfer:  You may withdraw funds from your Online Savings Account by initiating a wire transfer to an account you own at an external bank in the US, specified US territories or US jurisdictions, as described in our Deposit Account Agreement. You’ll need to provide us with the Routing Transit Number, wire transfer address and your account number at your external bank. (Keep in mind that while Marcus doesn’t charge any fees for wire transfers, your external financial institution may charge a fee for wire transfers.)

#4 Request a Check: If you’d like to a request a withdrawal by check, please give us a call. We will send a check, payable to the account owner only, to the primary address associated with your account.

Due to a change in federal law, you are now free to make more than six withdrawals or transfers from your Online Savings Account in a monthly statement period. At this time, there is no limit to the number of withdrawals or transfers you can make from your Online Savings Account.

Log in and select 'My account > External Accounts,' then click 'Add Account'

Choose one of the options below to link your account at another bank and verify that you have access to the account. Please note: The account must be in your name and must be owned by you (individually or jointly). In addition, you must have full right to the funds, the account must not be a business account, and your bank must be located in the US.

Option #1 – Instantly link with your login information

Instant linking lets you connect in seconds. Here’s how it works:

#1 Enter the name of your external bank and provide your login information for that bank.

#2 Our secure process uses your login information to confirm that you’re the owner of the account.

#3 We will not save or share your external account information.

Option #2 – Manually link with trial deposits

Manual linking with trial deposits can take up to three business days. Here’s how it works:

#1 Enter your external bank's routing number and account number.

#2 In 2-3 business days, Goldman Sachs Bank USA will make two small deposits (for example, $0.23 and $0.17 – your amounts may be different) into your external bank account. We’ll send you an email when the trial deposits have been deposited.

#3 Log in to your external bank’s website or app (or call your external bank). Please allow up to 3 business days.

#4 View your external bank account’s activity or transaction history and locate the two small deposits from Goldman Sachs Bank USA. Make a note of the amounts.

#5 Come back to marcus.com, log in and select 'My account > External Accounts.' Please do this within 15 days from when you provided your account information. If your trial deposits expire, you’ll need to start the linking process over.

#6 Click 'Verify trial deposit' alongside your pending external bank account

#7 Enter the two trial deposit amounts you noted from your external bank account. (You can enter them in any order, but be sure to enter the numbers exactly as they appear in your transaction history.)

#8 Click 'Submit' and your new account will be linked.

Later, Marcus will send a request to the account-holding depository institution to withdraw the trial deposit amounts. The withdrawal may appear as a single debit from your external account. For example, if the trial deposit amounts were $0.11 and $0.14, you may see one debit transaction of $0.25 or two debit transactions of $0.14 and $0.11.

The linking process is secure and Marcus will never share your external bank information. Give us a call if you have any difficulties linking your external account using trial deposits.

Trial deposits are one way we can link your account at another bank and verify that you have access to that account. (The other option is Instant linking. See the FAQ “How do I link an external account?” for instructions.) Manual linking with trial deposits can take up to three business days.

Here’s how to link an account using trial deposits:

1.    Log in and select ”My account > External Accounts,” then click ‘Add Account’

2.    Enter your external bank's routing number and account number.

3.    In 2-3 business days, Goldman Sachs Bank USA will make two small deposits (for example, $0.23 and $0.17 – your amounts may be different) into your external bank account. We’ll send you an email when the trial deposits have been deposited.

4.    Log in to your external bank’s website or app (or call your external bank). Please allow up to 3 business days.

5.    View your external bank account’s activity or transaction history and locate the two small deposits from Goldman Sachs Bank USA. Make a note of the amounts.

6.    Come back to marcus.com, log in and select ‘My account > External Accounts.’ Please do this within 14 days or your Trial Deposits will expire and you’ll need to start over.

7.    Click ‘Verify trial deposit’ alongside your pending external bank account

8.    Enter the two trial deposit amounts you noted from your external bank account. (You can enter them in any order, but be sure to enter the numbers exactly as they appear in your transaction history.)

9.    Click ‘Submit’ and your new account will be linked.

Later, Marcus will send a request to the account-holding depository institution to withdraw the trial deposit amounts. The withdrawal may appear as a single debit from your external account. For example, if the trial deposit amounts were $0.11 and $0.14, you may see one debit transaction of $0.25 or two debit transactions of $0.14 and $0.11.

Give us a call if you have any difficulties linking your external account using trial deposits.

When linking an external account with trial deposits, Goldman Sachs Bank USA makes two small deposits into your external bank account to help verify your ownership of the account. Later, Marcus also sends a request to withdraw the same amounts. The withdrawal may appear as a single debit from your external account. For example, if the trial deposit amounts were $0.11 and $0.14, you may see one debit transaction of $0.25 or two debit transactions of $0.14 and $0.11. Please note: If you see the debit transaction(s) but not the deposit amounts, check with your external bank to see why the trial deposit amounts did not appear in your account.

Our tracker makes it easy to follow transfers whenever you set them up from within your Marcus deposit account.

Here’s how it works:

1. You schedule the transfer
2. We create the tracker
3. We add a “track my transfer” link to your dashboard

You’ll see information including the date it’s scheduled for and when we expect your funds to arrive. The link will disappear three days after we expect the transfer to be completed, but the transfer will appear in your transaction history.

Yes. You can set up recurring and scheduled transfers to and from your Online Savings Account.  Log in to your account to select the frequency and timing for your deposits, and you’re on your way.