Marcus by Goldman Sachs® Referral Program Terms
Updated as of June 14, 2022
Referral Bonus described below is valid from July 1, 2022 through September 30, 2022 (the "Offer Period").
As an existing Marcus deposits customer, you can receive a Referral Bonus (defined below) on all of your Marcus Online Savings Account(s) (each an “OSA”) after a New Customer (defined below) opens a new OSA or Certificate of Deposit (“CD”) using your unique referral link during the Offer Period (a “Successful Referral”). All Successful Referrals must be completed within the Offer Period for Existing Customers to be eligible for a Referral Bonus. Adding a joint owner to an existing OSA will not count as a Successful Referral. Your unique referral link will be accessible in the Marcus Referred Center. You can access the Marcus Referred Center by logging in and selecting Marcus Referred in the menu at the upper right corner of any page.
After a Successful Referral, all of your existing OSAs will earn an Annual Percentage Yield (“APY”) that is 1.00% higher than the stated APY available at www.marcus.com for a period of 3 months (“Referral Bonus”). You must have an OSA at the time of a Successful Referral to earn a Referral Bonus. New OSAs opened after a Successful Referral may also be eligible for a Referral Bonus, as further detailed in the General section below. A Referral Bonus will automatically start within 1 business day following a Successful Referral.
Jointly owned OSAs may receive a Referral Bonus through the Successful Referral of any account owner, but individual Referral Bonus maximums still apply. The dates associated with the 3 month period of a Referral Bonus on your individually owned OSAs may differ from that on your jointly owned OSAs.
If you have not had a Marcus OSA or CD in the last 12 months (a “New Customer”), you can receive a Referral Bonus when you use an existing customer’s unique referral link to open a new OSA during the Offer Period. You will receive your Referral Bonus for a period of 3 months, within 1 business day of when your OSA is opened using an existing customer’s unique referral link during the Offer Period. New jointly owned OSAs opened through a unique referral link can receive a Referral Bonus, provided that all account owners at the time of account opening are New Customers. The Referral Bonus earned as a New Customer will not count towards your referral bonus maximums.
By using an existing customer’s unique referral link to open an account, you acknowledge that the customer whose unique referral link you use may know that you opened a Marcus account. If you wish to avoid this, do not sign up for a Marcus account through a unique referral link.
To receive a Referral Bonus, your OSAs must be open and in good standing. CDs are not eligible to receive any APY bonuses through Marcus Referred. You can see the status of all your earned Referral Bonuses in the Marcus Referred Center at any time.
If you open new OSAs while any of your existing OSAs are receiving a Referral Bonus, we will apply the Referral Bonus to your new OSAs. You will receive the Referral Bonus through the latest expiration date of your then-current Referral Bonuses.
If any joint owner of a jointly owned OSA is currently receiving a Referral Bonus when a new jointly owned OSA is opened, that jointly owned OSA will receive a Referral Bonus through the latest expiration date of an active Referral Bonus associated with any one joint owner. Subsequent Referral Bonuses earned by any joint owner will extend the expiration date of the Referral Bonus on the jointly owned OSA for additional 3 month periods, each to be applied consecutively. The Successful Referral of any one owner on a jointly owned OSA will only be applied towards that owner’s individual Referral Bonus maximum.
Referral Bonuses may be combined with other promotional offers available to Marcus customers. You can earn a maximum combined total of 5 referral bonuses under these Referral Program Terms and any other Marcus by Goldman Sachs referral programs in each calendar year. If you are already receiving a referral bonus, the next referral bonus you earn will begin on the day after your current referral bonus expires. Only one referral bonus will be applied to your OSAs at any given time. Upon expiration of a Referral Bonus, the APY on your OSA will automatically revert to the stated APY available at www.marcus.com. The APY on OSA is 0.85% as of June 10, 2022 . APY may change at any time, before or after an account is opened.
These Referral Program Terms, and the associated Referral Bonus offered, are valid only during the Offer Period. Any other Marcus by Goldman Sachs referral programs will be treated as a separate referral program with separate terms, offer period, and/or benefits. We reserve the right to revoke or modify this program at any time without notice, which could include changing the type of bonus awarded or the amount of any bonus. If we determine that you have engaged in or plan to engage in abuse or gaming in connection with this offer, you will not be eligible for this offer.