How Do I Setup a Recurring Transfer in My Goldman Sachs Account?

If you have an account with Marcus by Goldman Sachs, which is the consumer banking division of Goldman Sachs, you can easily transfer money to another bank. You can also set up recurring transfers to send money on a regular basis. This article will tell you everything you need to know.

What Are My Transfer Options?

You can choose to send either an ACH transfer or a wire transfer. Both are types of electronic transfer between banks, but an ACH transfer is processed by a clearinghouse as part of a large batch of other transfers and a wire transfer does directly from one bank to another. The wire transfer is faster, but the ACH transfer is free.

How to Link an External Account with Your Marcus by Goldman Sachs Account

If you want to send a transfer, you first have to link the recipient's account with your Marcus by Goldman Sachs account. To do that on your computer, follow these instructions:

1. Go to Marcus by Goldman Sachs' webpage.
2. Click on the My Account tab.
3. Select the External Account option.
4. Click on + Link a New External Account.
5. Click Manually Link.
6. Follow the prompts to complete the linking process. It will most likely take a few business days.

To link accounts using the app, follow these instructions:

1. Open the Marcus by Goldman Sachs app.
2. Tap your Profile icon.
3. Tap Linked External Accounts.
4. Tap + Add Account.
5. Tap Manually Link.
6. Follow the prompts to complete the process. It should take a few business days.

How to Set Up a Recurring Transfer on Your Computer

To set up a recurring transfer on your computer, follow these instructions:

1. Go to Marcus by Goldman Sachs' home page.
2. Sign in.
3. Click on your Marcus by Goldman Sachs account.
4. Click Make a Transfer.
5. Click on the Transfer Type menu.
6. Click on Online Transfer for an ACH transfer. Click on Wire Transfer for a wire transfer.
7. Enter the wire routing number, if you selected Wire Transfer in the previous step.
8. Select the account to send the transfer from.
9. Click on the recipient's account.
10. Enter the amount you want to transfer.
11. Click on the Recurring Transfer box.
12. Enter a frequency for the transfer.
13. Choose a date to send the first transfer.
14. Click Continue.
15. Review the information.
16. Click Authorize.

How to Set Up a Recurring Transfer on the Mobile App

To set up a recurring transfer using the mobile app, follow these instructions:

1. Open the Marcus by Goldman Sachs app.
2. Scroll down.
3. Tap Make a Transfer.
4. Enter the amount to transfer.
5. Select the account to transfer from.
6. Select the recipient's account.
7. Click on the Recurring toggle.
8. Enter a date to start the transfers.
9. Enter a frequency to send the transfers.
10. Tap Continue.
11. Review the information.
12. Tap Authorize.

Contacting Marcus by Goldman Sachs

If you need help with your transfers or with linking an external account, you can get it from a Marcus by Goldman Sachs representative. You can talk to one by phone or chat.