How to designate beneficiaries at Marcus
Covers 4 deposit accounts — beneficiaries can be managed online
Marcus Customer Support
General correspondence: Goldman Sachs Bank USA, PO Box 70379, Philadelphia, PA 19176-0379
Deceased Depositor Support (no dedicated estate team; handled by general support)
Goldman Sachs Bank USA, Attn: Official Document Review, 11850 S. Election Rd., Building 9, Draper, UT 84020
Official Document Review (deceased depositor documents)
Goldman Sachs Bank USA, Attn: Official Document Review, 11850 S. Election Rd., Building 9, Draper, UT 84020
There are two ways to keep your Marcus accounts out of probate: adding beneficiary designations and structuring ownership to align with your estate plan. Which approach works best depends on the account type and your overall estate plan.
Each of Marcus's 4 accounts has different rules for how it transfers at death. The sections below explain the options for each.
- Beneficiary name
- Beneficiary date of birth
- Beneficiary Social Security Number or Individual Taxpayer Identification Number
- Beneficiary address
- Beneficiary phone number
Special Requirements
- POD beneficiaries must be natural persons who are U.S. citizens or legal permanent residents
- Trusts, charities, estates, and other legal entities CANNOT be named as POD beneficiaries, and Marcus may remove a POD designation that does not meet its requirements
- Maximum of 6 beneficiaries per account, all taking in equal shares — custom percentages are not supported
- Contingent beneficiaries are not supported
- Each beneficiary requires a name, date of birth, SSN or ITIN, address, and phone number
- On a joint account, POD beneficiaries are paid only upon the death of the last surviving owner
- If a beneficiary dies before the last surviving owner, the funds are paid to the surviving beneficiaries. If every named beneficiary predeceases the owner, the account falls into the estate
- Marcus makes NO representation that a POD designation complies with any state law other than Utah and New York, and states that the customer is solely responsible for making sure the account meets applicable state requirements
- Marcus does not support trust-owned accounts and does not offer trust or custodial accounts
Sources
Data sourced from Marcus primary sources (15 pages reviewed). How we research.
Download these Marcus instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Marcus primary sources. Bring it to the branch or keep it beside the phone.
Marcus Customer Support
General correspondence: Goldman Sachs Bank USA, PO Box 70379, Philadelphia, PA 19176-0379
Deceased Depositor Support (no dedicated estate team; handled by general support)
Goldman Sachs Bank USA, Attn: Official Document Review, 11850 S. Election Rd., Building 9, Draper, UT 84020
Official Document Review (deceased depositor documents)
Goldman Sachs Bank USA, Attn: Official Document Review, 11850 S. Election Rd., Building 9, Draper, UT 84020
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