How Do I Transfer Funds from My Marcus by Goldman Sachs Account?

Marcus by Goldman Sachs is an online commercial bank run by legendary investment bank Goldman Sachs. It offers its customers high-yield savings accounts, personal loans, and other ways to grow their money. If you have an account with Marcus by Goldman Sachs, you will need to know how to transfer your money out of the bank once it's started to grow. This article will teach you how.

Making the Transfer at Marcus.com

Marcus by Goldman Sachs doesn't have any physical branches or ATMs. So if you want to withdraw your money from your account there, you're going to need to transfer it to another account elsewhere, where you can withdraw it. To do this at the bank's website, follow these instructions:

1. Go to the Marcus by Goldman Sachs website.
2. Sign into your account.
3. Go to your dashboard.
4. Click on Make a Transfer.
5. Choose either Wire Transfer or Online Transfer from the dropdown menu.
6. Enter your bank's ACH routing number, if you chose Wire Transfer.
7. Click on the account you want to transfer money from, if you have more than one Marcus by Goldman Sachs account.
8. Click on the account you want to deposit money into.
9. Enter the amount of money you want to transfer under Amount.
10. If you selected Online Transfer, enter how often you want to make this transfer.
11. Click on Continue.
12. Confirm the transfer.

Making the Transfer on the Marcus App

You can also transfer money out of your Marcus by Goldman Sachs account using the Marcus app. To do so, follow these instructions:

1. Open the app.
2. Scroll down until you see Make a Transfer.
3. Tap on Make a Transfer.
4. Enter the amount of money you want to transfer under Amount.
5. Tap the Recurring button to make this a recurring transfer, then enter the requested information.
6. Tap on Continue.
7. Tap on Authorize.

Linking to an External Account on Marcus.com

To make the transfer, you need to have an external bank account linked to your Marcus by Goldman Sachs account. If you have not yet linked an external account, follow these instructions to do so:

1. Click on the person symbol to go to your account page.
2. Click on Link a New External Account.
3. Choose either Instantly Link or Manually Link.
4. If you chose Instantly link, select your bank from the list and enter your login credentials. If you chose Manually link, enter your bank's routing number and your account number, then follow the further instructions you are given to confirm the link.

Manually linking the accounts could take a few business days.

Linking to an External Account from the Marcus App

To link to your external bank account using the Marcus app, follow these instructions:

1. Open the app.
2. Tap on the profile icon in the lower right-hand corner.
3. Tap on Linked External Accounts.
4. Tap on Add Account.
5. Choose either Instantly Link or Manually Link.
6. If you chose Instantly link, choose your bank and enter your login credentials. If you chose manually link, enter your routing number and account numbers and follow the other instructions you are given.

Contacting Marcus by Goldman Sachs

If you need any help, you can contact a Marcus by Goldman Sachs customer service representative.