Is Marcus a good bank?

Marcus is headquartered in Draper, Utah, and offers no-fee high-yield savings accounts, certificates of deposits and fixed-rate personal loans. Since Marcus is an online bank, it doesn’t have ATMs or branch networks. This Marcus by Goldman Sachs review primarily focuses on the bank’s personal banking products and services.

Does Marcus by Goldman Sachs have ATMs or branch networks?

Since Marcus is an online bank, it doesn’t have ATMs or branch networks. This Marcus by Goldman Sachs review primarily focuses on the bank’s personal banking products and services. All account details and APYs (annual percentage yields) are accurate as of May 9, 2023.

Can I deposit a check into my Marcus savings account?

One drawback of the Marcus mobile app is that you can’t use it to deposit checks. If you want to deposit a check into your Marcus savings account, you need to endorse the check, then mail it to Goldman Sachs Bank USA at an address in Illinois.

Does Marcus bank charge APY?

Marcus’ high-yield savings account offers a competitive APY, requires no minimum deposit to open and charges no monthly fees. Marcus doesn’t charge wire transfer fees, but the bank has an external transfer limit of $125,000 for online and automated clearing house transfers. Wire transfers have a $50,000 per statement cycle limit.