Does Marcus have a checking account?

No checking accounts: As Marcus does not offer any checking accounts, you will not be able to handle all of your banking needs with it. The lack of checking accounts also means you will need to connect your Marcus account to another institution for many banking options, such as deposits and withdrawals.

Is Goldman Sachs a 'Marcus' bank?

Learn more. Marcus is a recent addition to the offerings from 154-year-old Wall Street investment bank Goldman Sachs, having launched in 2016. Officially known as “MMarcus by Goldman Sachs,” it is an online-only bank offering high-yield savings accounts, high-yield and penalty-free certificates of deposit (CDs), and no-fee personal loans.

Can I direct deposit money into my Marcus savings account?

You can direct deposit funds, such as all or a portion of your payroll or Social Security Benefits, directly into your Marcus savings account. Simply provide your employer with the Goldman Sachs Bank USA routing number (1240-8526-0) and your Marcus savings account number, and authorize the deposit of funds directly into your Marcus savings account.

Does Marcus charge fees to transfer funds?

However, the external bank account you link to your Marcus account may charge fees to transfer funds to or from your Marcus account, depending on the bank’s policies. Unlike other high-yield online savings accounts, Marcus has no minimum deposit or minimum balance requirements.