You cannot wire money directly from Marcus, but you can move it to another bank and wire from there

Marcus by Goldman Sachs does not offer wire transfers as a service. You cannot initiate a wire directly from your Marcus savings account to another bank or person. However, you can transfer money from Marcus to an external bank account you own, and then wire it from that account if you need to.

The transfer from Marcus to your other bank takes one to two business days using ACH (Automated Clearing House), the standard electronic transfer system. Once the money lands in your external account, you can wire it when ready if that account supports wires — most checking accounts do.

If you need the money to move faster, you have other options: you can withdraw cash at an ATM using your Marcus debit card, or you can transfer to a bank that offers same-day or next-day wire service.

Key Takeaways

  • Marcus does not process wire transfers, but you can transfer money to another bank account you own and wire from there instead.
  • ACH transfers from Marcus to your external bank account take one to two business days and are free.
  • Once money reaches your external account, you can wire it the same day if your bank supports wires.
  • If you need faster movement, withdraw cash at an ATM with your Marcus debit card or transfer to a bank offering same-day wire service.
  • Marcus savings accounts are designed for holding money, not for frequent outgoing transfers or payments.

How to transfer money from Marcus to another bank account

Log into your Marcus account online or through the mobile app. Go to the Transfers section and select "Transfer to external account." You will need the routing number and account number of the bank account you want to send money to.

Marcus will ask you to verify the external account before the first transfer goes through. This verification takes one to two business days. After that, transfers between Marcus and your verified account are free and take one to two business days to complete.

You can transfer any amount up to your account balance. There is no daily or monthly transfer limit for moving money out of Marcus, though the ACH system itself has a per-transaction limit of $25,000 (you can make multiple transfers if you need to move more).

Why Marcus does not offer wire transfers

Marcus is an online savings bank focused on high-yield savings accounts and CDs. It does not maintain the infrastructure for wire transfers — no branch network, no wire department, no same-day settlement system. Wire transfers require real-time processing and direct connections to the Federal Reserve's wire system, which is expensive to operate and not part of Marcus's business model.

This is common among online banks. They keep costs low by offering fewer services. If wire transfers are important to your banking, you may want a checking account at a traditional bank or a fintech bank that includes wire capability.

Moving money faster than one to two business days

If you need the money sooner, you have two practical options. First, use your Marcus debit card to withdraw cash at any ATM in the Allpoint network (over 55,000 ATMs worldwide). You can then deposit the cash into another account or use it directly. ATM withdrawals are when ready.

Second, transfer to a bank account that offers same-day or next-day ACH transfers or wire service. Some online banks like Ally or Charles Schwab process outgoing transfers faster than Marcus does. You would transfer from Marcus to that account first, then wire from there. This adds a step but may save you a day.

Wire transfers themselves are fast — usually same-day or next-day depending on the time you send them and your bank's processing schedule. The delay is in getting the money out of Marcus, not in the wire itself.

What you need to set up an external transfer from Marcus

You need the routing number and account number of the bank account you are transferring to. The routing number is a nine-digit code that identifies the bank. The account number is unique to your account at that bank. Both are printed on the bottom left of a check, or you can find them by logging into your external bank account online.

Marcus will verify the account by depositing two small amounts (usually under $1 each) into it within one to two business days. You then log back into Marcus and confirm the amounts to prove you own the account. This is a security step to prevent sending money to the wrong place.

After verification, you can transfer money whenever you want. The process takes about five minutes to set up and is free.

Transferring money back into Marcus from another bank

You can also move money into Marcus from an external account. This uses the same ACH system and takes one to two business days. You initiate the transfer from your external bank's website or app, not from Marcus — you tell your other bank to send money to Marcus, rather than telling Marcus to pull it.

To do this, you will need Marcus's routing number (021000021) and your Marcus account number. Your external bank may ask for the account holder's name and address. Once set up, incoming transfers are free and unlimited.

When you might need a wire instead of an ACH transfer

Wire transfers are useful when you need to send money to someone outside the US, when you need may provide same-day delivery, or when the recipient requires a wire specifically. ACH transfers work for moving money between your own accounts or to people in the US who accept ACH.

If you are paying a bill, sending money to a friend, or moving money between your own accounts, ACH is usually fine and costs nothing. Wires cost $15 to $30 and are slower for routine transfers. Use a wire only when ACH will not work.

Frequently Asked Questions

Can I wire money directly from Marcus to pay someone?

No. Marcus does not offer wire transfers. You would need to transfer money from Marcus to a checking account at another bank, then wire from that account. This takes one to two business days plus the time for the wire itself.

How long does it take to transfer money from Marcus to my checking account?

One to two business days using ACH. The transfer is free. If you need the money faster, withdraw cash at an ATM with your Marcus debit card — that is when ready.

Is there a limit on how much I can transfer out of Marcus?

No daily or monthly limit exists for transfers out of Marcus. The ACH system itself caps individual transfers at $25,000, so larger amounts require multiple transfers. There is no fee.

Do I have to verify my external bank account before I can transfer?

Yes. Marcus deposits two small amounts into the account and asks you to confirm them. This takes one to two business days and happens only once per external account. After that, transfers are when ready to set up.

What if I need to send money internationally from Marcus?

Marcus does not support international transfers. Transfer your money to a bank that does, such as Wise, OFX, or a traditional bank with international wire service. Then wire from that account to your destination.