Marcus allows six withdrawals per month from your savings account, though the limit can change based on federal rules
Marcus by Goldman Sachs lets you make up to six withdrawals or transfers out of your savings account each calendar month. This limit applies to all outgoing transactions combined — whether you withdraw cash at an ATM, transfer money to another bank, move funds to a checking account, or set up an automatic payment. Once you hit six, further withdrawal attempts will be declined until the calendar month resets.
The six-withdrawal limit exists because of a federal regulation called Regulation D, which historically capped savings account transfers at six per month. While the Federal Reserve suspended this rule in 2020, many banks including Marcus kept the limit in place as a standard practice. Marcus has not removed it, so the rule remains in effect for your account.
Withdrawals at Marcus ATMs do not count toward this limit — only transfers out of the account do. If you need cash, using a Marcus ATM is a way to access your money without burning through your six monthly transfers.
Key Takeaways
- You can make up to six transfers or withdrawals per month from a Marcus savings account, and this limit resets on the first day of each calendar month.
- All outgoing transactions count toward the limit: ATM transfers, bank-to-bank transfers, automatic payments, and internal transfers to your own checking account.
- Withdrawals at Marcus ATMs do not count against the six-transfer limit, so using an ATM is a way to access cash without reducing your monthly allowance.
- If you exceed six transfers in a month, Marcus will decline the transaction, and you will need to wait until the next calendar month to try again.
- The limit is a bank policy, not a legal requirement, and Marcus can change it at any time, though they have kept it stable for years.
What counts as a withdrawal or transfer
Marcus counts any movement of money out of your savings account as a withdrawal or transfer. This includes sending money to another bank account (yours or someone else's), setting up a recurring automatic payment, transferring funds to a Marcus checking account if you have one, or requesting a wire transfer. Each of these actions uses up one of your six monthly slots.
The one major exception is ATM withdrawals. Marcus does not charge ATM fees at its partner network, and these withdrawals do not count toward your six-transfer limit. You can withdraw cash as many times as you want without hitting the cap. This makes the ATM a practical option if you need frequent access to your money without burning through your transfer allowance.
Deposits into your savings account do not count against the limit. You can deposit money as many times as you want in a month without any restriction.
What happens when you hit the limit
If you attempt a seventh transfer or withdrawal in a calendar month, Marcus will decline the transaction. The money will not leave your account, and you will receive a notification that the transfer failed. You will have to wait until the first day of the next month for your limit to reset to six.
There is no fee for exceeding the limit — Marcus simply blocks the transaction rather than charging you. However, if you were counting on that transfer to pay a bill or send money to someone, the declined transaction can cause problems downstream. A declined transfer to pay a credit card bill, for example, could result in a late payment on your credit report.
If you regularly need more than six transfers per month, a high-yield savings account may not be the right fit for your money. Consider whether a checking account (which typically has no transfer limits) would work better for your situation, or whether you can consolidate your transfers to stay within six per month.
How the monthly limit resets
Your six-transfer allowance resets on the first day of each calendar month. If you use all six transfers in January, your count goes back to six on February 1st. The reset is automatic — you do not need to do anything to restore your limit.
The calendar month runs from the 1st through the last day of the month, regardless of when you opened your account. If you opened your Marcus account on the 15th of a month, your first month still runs from the 15th to the end of that calendar month, and your limit resets on the 1st of the following month.
Planning around the six-transfer limit
If you use your Marcus savings account to pay bills or send money regularly, you may need to plan your transfers strategically. One approach is to batch your transfers — instead of sending money out multiple times throughout the month, set aside one or two days to make all your transfers at once. This keeps you under six and gives you a clear picture of how many transfers you have left.
Another option is to use Marcus ATMs for cash withdrawals and keep your six transfers for larger, less frequent movements of money. This way you preserve your transfer allowance for the transactions that matter most.
If you find yourself regularly bumping up against the limit, you might consider opening a Marcus checking account alongside your savings account. Checking accounts have no transfer limits, so you could move money from savings to checking as needed, then use the checking account for frequent transfers out. This gives you more flexibility without closing your high-yield savings account.
Whether Marcus will increase your limit
Marcus does not offer a way to request a higher transfer limit. The six-transfer rule is a fixed policy for all savings accounts, and there is no tier or account type that allows more transfers per month. You cannot call and ask for an exception or a temporary increase.
Marcus could change this policy in the future, but they have maintained the six-transfer limit consistently since the Federal Reserve suspended Regulation D. If they do change it, they will notify you through your account or via email.
Frequently Asked Questions
Do transfers between my own Marcus accounts count toward the limit?
Yes. If you have both a Marcus savings account and a Marcus checking account, transferring money from savings to checking counts as one of your six monthly transfers. Internal transfers within Marcus are treated the same as transfers to outside banks.
What if I need more than six transfers in a month?
You can use Marcus ATMs to withdraw cash without counting against your limit. For larger amounts or frequent transfers, consider opening a Marcus checking account, which has no transfer restrictions. You could also move money to checking first, then transfer out from there.
Do automatic bill payments count toward the six-transfer limit?
Yes. Any automatic payment set up from your Marcus savings account uses one of your six monthly transfers. If you have multiple autopay bills, they will add up quickly, so plan accordingly.
Can I make more than six transfers if I pay a fee?
No. Marcus does not offer a paid option to exceed the six-transfer limit. The limit is a fixed policy, not a restriction you can buy your way out of.
What if a transfer fails — does it count against my limit?
A failed transfer still counts against your limit. If you attempt a transfer and it fails due to incorrect account information or insufficient funds, that attempt still uses up one of your six slots for the month.