How Do I Increase My Spending on Marcus by Goldman Sachs?

Unlike its parent company Goldman Sachs, Marcus by Goldman Sachs doesn't offer a lot of financial products. Besides basic savings accounts and loans, all it has are high-yield CDs. However, if you want to take advantage of these high yield CDs, it's pretty easy to start buying them. To start spending more on this Marcus by Goldman Sachs financial product, all you need to do is put some money into your account. Keep reading to learn how to do that.

Online Transfers on the Marcus by Goldman Sachs Website

Follow these steps to make an online transfer using the company's website:

1. Sign into your account.
2. Go to your account's dashboard.
3. Click on Make a Transfer.
4. Select the Online Transfer option from the drop-down menu.
5. Select your linked external bank account as the originator of the transfer.
6. Select your Marcus by Goldman Sachs account as the transfer's receiver.
7. Type the amount of money you want to transfer in the Amount text field.
8. To make the transfer a regular one, enter how often you want Marcus by Goldman Sachs to make it.
9. Click on Continue.
10. Confirm the transfer.

Online Transfer with the Marcus App

You can also use the Marcus app to make an online transfer. Follow these steps:

1. Open the app.
2. Tap the Make a Transfer button.
3. Enter the amount of money.
4. Tap on Recurring to make this a recurring transfer and follow the instructions you are given.
5. Tap on Continue.
6. Tap on Authorize.

Transferring the Money from Your Bank

Your bank can also initiate the transfer, either as a wire transfer or an online transfer. Contact your bank and ask for help. Your bank will need the Goldman Sachs routing number (1240-8526-0) and your account number to make the transfer, so make sure you have them on hand.

Sending a Check

Marcus by Goldman Sachs also takes checks, a useful option if you don't have a linked bank account. Make the check out to yourself or to Goldman Sachs Bank USA. Put your account number on the memo line and endorse the check with "For Deposit Only." Mail it to:

Goldman Sachs Bank USA
P.O. Box 4571
Carol Stream, IL 60197-4571

Marcus by Goldman Sachs will not accept:

• traveller's checks
• temporary checks
• starter checks
• checks that are more than six months old
• postdated checks
• third party checks
• double-endorsed checks
• foreign checks
• counter checks
• money orders.

Spending More

Once you've transferred the money into your Marcus by Goldman Sachs account, contact a customer service representative to get help selecting a high-yield CD that's right for you.