Marcus by Goldman Sachs: who holds your money
Marcus by Goldman Sachs is a bank. Marcus by Goldman Sachs says customer money is held at Goldman Sachs Bank USA, with insurance reaching customers as direct FDIC insurance at a chartered bank. We read this information in the app's own public disclosure on September 5, 2026, and this page quotes that disclosure below. You can check each partner bank's own page on this site.
Marcus by Goldman Sachs is a chartered bank, with customer deposits held at Goldman Sachs Bank USA, rated letter B on this site. The grade compares Goldman Sachs Bank USA with banks of similar size. Federal deposit insurance reaches customers directly, with coverage of $250,000 per depositor, per insured bank, for each account ownership category. This reflects the disclosure available as of September 5, 2026.
Bank
- Goldman Sachs Bank USAFDIC #33124 · program bank42.9%above the insured limitB67.7
The figure is the share of total bank deposits above the $250,000 federal insurance limit, reported quarterly to the FDIC. High shares are normal for banks holding large app program balances. They do not mean your balance is uninsured: pass-through insurance usually covers customers individually at the partner bank. Across US banks in 2022 to 2026, those above roughly 36% saw large quarterly total deposit declines more often than those below. Most banks above that level saw no such fall. This measures deposit movement and does not predict trouble for any bank.
Disclosure
Goldman Sachs Bank USA, Salt Lake City Branch. FDIC-Insured – Backed by the full faith and credit of the U.S. Government.
www.marcus.com · as of September 5, 2026
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