Does Goldman Sachs have a checking account? It may surprise you that as of now Goldman Sachs does not have a checking account. However, it does plan to launch a checking account this year through its digital banking brand, Marcus.
The new Marcus checking account will be the latest product in Marcus’ portfolio of digital-first banking initiatives, which include savings accounts, personal loans, and certificates of deposit (CDs).
Integrating with Marqeta’s platform will allow us to create a personalized, feature-rich banking experience for our checking customers.”
We take pride in providing best-in-class solutions to our customers and are excited to partner with Marqeta on our journey. Integrating with Marqeta’s platform will allow us to create a personalized, feature-rich banking experience for our checking customers.”
Marcus’ checking account will use Marqueta’s card issuing platform, which provides developers with the infrastructure and tools for building configurable payment cards. Marqueta’s platform is supported in 35 countries uses an open APIs that allows businesses to build tailored payment solutions and power new modes of money movement.
The COVID-19 pandemic has accelerated the need for online banking offerings. According to a recent study, over 50% of consumers say COVID-19 has led them to do their banking primarily online. The same percentage say they will switch to a digital bank in the future, or have already moved online.
We’re incredibly proud to work with Marcus by Goldman Sachs to help power this work, which we think is a true validation of the power of our technology.”
We’re incredibly proud to work with Marcus by Goldman Sachs to help power this work, which we think is a true validation of the power of our technology. Our modern card issuing platform helps digital innovators build the sorts of customer experiences that can be industry game changers, and we’re looking forward to working alongside Marcus to bring a powerful new digital banking experience to life.”
The Goldman Sachs Group, Inc. is a global investment banking, securities, and investment management firm that provides a wide range of financial services to corporations, financial institutions, governments, and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
Andrew is the Content Director for SuperMoney, a Certified Financial Planner®, and a Certified Personal Finance Counselor. He loves to geek out on financial data and translate it into actionable insights everyone can understand. His work is often cited by major publications and institutions, such as Forbes, U.S. News, Fox Business, SFGate, Realtor, Deloitte, and Business Insider.