Setting up ACH and Wire Transfers online could save you some time. ACH Transfers are safe, they’re available 24/7, fee-free and a confirmation page lets you know that you’ve set one up correctly. Plus, after you’ve authorized a transfer, you can use the Transfer Tracker to follow your funds to know approximately when they’ll reach their destination. Online Wire Transfers are available for up to $10,000 per statement period. To wire more, give us a call.
To get started, log in at marcus.com or use the Marcus app.
Then you’ll hit ‘Continue,' review, confirm the transfer info and be done! The Transfer Tracker will display and show you the status of your transfer.
From here you’ll have the option to ‘Instantly Link’ or ‘Manually Link.’ For a step-by-step explanation of how to link accounts, check out this article.
Then, review your transfer details. If everything looks correct, select ‘Authorize’ to complete your transfer.
If you want to transfer money to or from an account that’s not on your linked list, tap the “+” sign to add a new account
From here you’ll have the option to ‘Instantly Link’ or ‘Manually Link’. For a step-by-step explanation of how to link accounts, check out this article.
You’ll see a confirmation notice that we’ve set up your transfer after you click or tap ‘Confirm.’ Once you do so, your transfer will be initiated, and you can use the Transfer Tracker to follow your funds.
You’ll see a ‘Track My Transfer’ link on your dashboard that allows you to see the progress of your transfer. It will automatically disappear three days after we expect the funds to have arrived, but we’ll save the information in your transaction history.
If you’d like to move some of the funds in your Marcus Online Savings Account into one of our CDs, the first step is opening up a new CD account, which you can do online or in the app. Once you’ve opened the CD, you’ll be given the option to fund the CD with money from an existing Marcus Account or from your account at another bank.
The biggest differences between an ACH transfer and a wire transfer are how quickly you want your money to reach your account at another bank and any fees your external bank may charge for accepting a wire (not all banks do). Check out this chart for more info:
Request by (for same Business Day processing)
6 PM ET
4 PM ET
1 - 3 business days
As fast as 1 hour
Fee from Marcus
Fee from external bank
Typically none. Check with external bank.
Possible. Check with external bank.
Incoming or outgoing
Request online: Up to $125,000 per transfer
Request by phone: No limit
Request online: Up to $10,000 per statement period
Request by phone: No limit
If you do not see the Wire Transfer option available in the Transfer Type drop-down menu, you’ll need to call into our Contact Center (1-855-730-7283) to complete this transfer.
This article is for informational purposes only and is not a substitute for individualized professional advice. Articles on this site were commissioned and approved by Marcus by Goldman Sachs®, but may not reflect the institutional opinions of The Goldman Sachs Group, Inc., Goldman Sachs Bank USA or any of their affiliates, subsidiaries or divisions.