You can withdraw money from Marcus whenever you need it, but the process depends on how you want to move it

Marcus savings accounts have no withdrawal limits and no penalties for taking your money out. You can move funds to a linked bank account, request a wire transfer, or set up an external transfer through the Marcus app or website. The speed depends on which method you choose — some transfers arrive the same business day, others take one to three business days.

The main thing to know is that Marcus does not have physical branches or ATMs. You cannot walk in and withdraw cash. All withdrawals happen electronically, which is actually faster than visiting a bank in most cases.

Key Takeaways

  • Marcus allows unlimited withdrawals with no fees or penalties, even if you withdraw all your money at once.
  • The fastest withdrawal method is an external transfer to a linked bank account, which usually takes one business day.
  • Wire transfers are available but typically cost $15 and take longer than linked account transfers.
  • You must link an external bank account before you can move money out, which takes a few minutes to set up in the app.
  • If you need cash when ready, transfer to your linked bank account first, then withdraw from that bank's ATM or branch.

Linking a Bank Account for Transfers

Before you can withdraw money, you need to connect an external bank account to your Marcus account. This is the account you want the money to go to — typically a checking account at another bank where you can access cash.

To link an account, open the Marcus app or website, go to the Transfers section, and select "Add External Account." You will enter your bank's routing number and your account number. Marcus will then send two small test deposits (usually under $1 each) to that account, which takes one to two business days. Once those deposits arrive, you confirm the amounts in the Marcus app, and the link is active.

You only have to do this once per external account. After that, you can transfer money to it anytime without repeating the verification step.

Moving Money to Your Linked Bank Account

This is the most common withdrawal method and usually the fastest. Once your external account is linked, go to Transfers in the Marcus app, select the linked account, enter the amount, and confirm. The money typically arrives the next business day, sometimes the same day depending on timing and your bank.

There is no fee for this type of transfer, and there is no limit on how much you can move. You can withdraw your entire balance if you want to close the account or move your savings elsewhere.

If you initiate the transfer before the Marcus cutoff time (usually around 5 p.m. ET on a business day), it may process that same evening. Transfers initiated after hours or on weekends process the next business day.

Wire Transfers for Faster or International Moves

If you need money faster than a standard transfer or you are sending it to an account at a different bank that is not yet linked, you can request a wire transfer. Marcus charges $15 per outgoing wire and processes them on business days only.

Domestic wire transfers usually arrive within hours of being sent, sometimes the same day. International wires take longer — typically one to three business days depending on the receiving country and bank.

To request a wire, contact Marcus customer service through the app or by phone. You will need to provide the receiving bank's routing number, your account number at that bank, and the amount. Have your receiving bank's address and SWIFT code ready if it is an international transfer.

What Happens to Your Interest When You Withdraw

Marcus pays interest on your balance daily and deposits it monthly. If you withdraw money mid-month, you keep all the interest you have earned up to that point. The interest rate applies to whatever balance remains in the account.

There is no penalty for withdrawing before a certain date or for closing the account. Unlike some savings products, Marcus does not require you to keep a minimum balance or lock your money away for any period.

Closing Your Marcus Account

If you want to withdraw everything and close your account, transfer your full balance to your linked bank account, then contact Marcus customer service to confirm the account closure. They will verify that the balance is zero and process the closure.

You do not have to close the account if you do not want to. You can leave it open with a zero balance, though there is no reason to do so. If you think you might use Marcus again in the future, you can straightforward leave the account inactive.

Frequently Asked Questions

How long does it take to withdraw money from Marcus?

Transfers to a linked bank account usually arrive within one business day, sometimes the same day. Wire transfers take a few hours to one business day for domestic transfers. The exact timing depends on when you initiate the transfer and your receiving bank's processing speed.

Can I withdraw cash directly from Marcus?

No, Marcus does not have ATMs or branches. You must transfer money to a linked bank account first, then withdraw cash from that bank's ATM or branch. This usually takes one business day.

Is there a fee to withdraw money from Marcus?

No fee for transfers to a linked bank account. Wire transfers cost $15 each. There are no other withdrawal fees, and no limit on how much you can withdraw.

What if I need money today?

If you initiate a transfer to your linked account before the Marcus cutoff time on a business day, it may arrive the same day. If not, it will arrive the next business day. For same-day cash, transfer to your linked account, then visit that bank's ATM or branch.

Can I withdraw money if my Marcus account is linked to another savings account?

Yes. You can link Marcus to any external bank account — checking, savings, or money market. The account type does not affect your ability to withdraw. Transfer to whichever linked account you want, whenever you want.