Ready to share the benefits of smart saving with your friends and family? Marcus by Goldman Sachs offers a fantastic referral program that rewards both you and your friend when they open and fund an Online Savings Account or CD! It's a win-win, allowing you to boost your earnings while helping someone you know achieve their financial goals.
This comprehensive guide will walk you through every step of the Marcus referral process, from understanding the program to ensuring your friend successfully opens their account and both of you receive your bonuses. Let's dive in!
How to Refer Someone to Marcus by Goldman Sachs: A Step-by-Step Guide
 |
| How To Refer Someone To Marcus By Goldman Sachs |
Step 1: Are you ready to share the wealth?
Before you can refer someone, you need to be an existing Marcus customer. If you already have a Marcus Online Savings Account or CD, you're good to go! If not, consider opening one yourself to experience their competitive rates and excellent customer service. It's a great way to start your own high-yield savings journey.
Step 2: Locate Your Unique Referral Link
This is the key to the entire referral process! Marcus makes it easy to find your personalized link.
Sub-heading 2.1: Logging In to Your Marcus Account
Access the Marcus Website: Open your preferred web browser and go to the official Marcus by Goldman Sachs website (marcus.com).
Log In: Enter your username and password to access your account dashboard. If you've forgotten your login details, use the "Forgot Username" or "Forgot Password" links to regain access.
Sub-heading 2.2: Navigating to the Referral Center
Find "Refer a Friend": Once logged in, look for a "Refer a Friend" or "Referrals" option. This is typically located in the menu, often in the upper right corner of the page.
Click and Retrieve: Click on this option, and you'll be directed to the Marcus Referral Center. Here, you'll find your unique referral link. It will usually look something like
https://www.marcus.com/share/YOUR-UNIQUE-CODE.
QuickTip: Slow down if the pace feels too fast.
Step 3: Share Your Referral Link with Your Friend
Now that you have your link, it's time to share it with someone who could benefit from Marcus's high-yield savings or CD products.
Sub-heading 3.1: Who Can You Refer?
New Customers Only: The Marcus referral program is designed for new customers. This means your friend cannot have owned a Marcus Online Savings Account or CD in the past 12 months.
Consider Their Needs: Think about friends or family members who are looking to save more, earn a higher interest rate, or explore certificate of deposit options. Marcus is known for its competitive APYs and no-fee accounts.
Sub-heading 3.2: Effective Ways to Share
Direct Message: Send the link directly via text message, email, or a private messaging app. This ensures they receive it clearly and can easily click it.
Social Media (with caution): While you can share on social media, be mindful of privacy and the terms of the referral program. It's generally more effective and personal to share directly with individuals you know.
Personalized Invitation: When sharing, add a personal touch! Explain why you like Marcus and how it has benefited you. For example: "Hey [Friend's Name], I've been really happy with my Marcus by Goldman Sachs savings account – the interest rate is fantastic! If you're looking for a great place to save, you can get a bonus when you open an account using my referral link here: [Your Referral Link]. Let me know if you have any questions!"
Step 4: Your Friend Opens a New Account
This is where your friend takes action to ensure both of you qualify for the bonus.
Sub-heading 4.1: Using Your Referral Link
Crucial Step: Your friend must use your unique referral link to initiate their account opening process. If they navigate to Marcus directly or use a different link, neither of you will receive the referral bonus.
Follow the Prompts: The link will take them directly to the Marcus website, where they can begin the application for an Online Savings Account or a Certificate of Deposit.
Sub-heading 4.2: Account Opening Requirements
Eligibility: Your friend will need to meet Marcus's standard eligibility requirements to open an account, which typically include:
Being at least 18 years old.
Having a valid Social Security number.
Being a U.S. citizen or resident alien.
Providing necessary personal information for identity verification.
Funding the Account: After opening the account, your friend will need to fund it. There's usually no minimum deposit required to open a Marcus Online Savings Account, but they will need to deposit funds to start earning interest and for the referral bonus to be calculated on their average daily balance.
QuickTip: A slow read reveals hidden insights.
Step 5: Both You and Your Friend Earn the Cash Bonus
The exciting part! Once your friend successfully opens and funds their qualifying account, the referral bonuses kick in.
 |
Sub-heading 5.1: How the Bonus is Calculated
Your Bonus: As the referrer, you'll earn a Cash Bonus that's typically a percentage (e.g., 0.25%) of your Online Savings Account's average daily balance over a specific period (e.g., three months). This bonus is usually paid in installments at the end of each month.
Your Friend's Bonus: Your referred friend will also start earning their Cash Bonus (often a similar percentage boost to their APY for a set period) once they open their Online Savings Account.
Sub-heading 5.2: Tracking Your Referral Status
Marcus Referral Center: You can track the status of your earned Cash Bonuses in the Marcus Referral Center within your account. The "Referrals History" section will show you when your bonuses were earned, when they'll be applied to your account, and when they'll expire.
Consecutive Bonuses: You can typically make up to 5 successful referrals per calendar year. Each successful referral usually extends your bonus period for another few months (e.g., 3 months). If you have multiple bonuses, they will be applied consecutively.
Important Considerations and Tips
Terms and Conditions: Always review the latest Marcus Referred program terms and conditions on their website. These can change, including bonus amounts and eligibility.
Account Types: The referral program primarily applies to Marcus Online Savings Accounts and CDs. Personal loans are generally not part of the referral program.
Communication: Encourage your friend to let you know when they've opened their account. This helps you track the referral and ensures they used your link correctly.
Patience: Bonuses are typically paid out monthly and may take a little time to reflect in your account after your friend opens theirs.
Combining Offers: A bonus earned under the referral program can generally be combined with other non-referral promotional offers available to Marcus customers.
By following these steps, you can effectively refer someone to Marcus by Goldman Sachs and enjoy the mutual benefits of their referral program!
10 Related FAQ Questions
How to get my unique Marcus referral link?
You can find your unique referral link by logging into your Marcus by Goldman Sachs account and navigating to the "Refer a Friend" or "Referrals" section, usually found in the top right menu.
QuickTip: Break down long paragraphs into main ideas.
How to check the status of my Marcus referral bonus?
Log in to your Marcus account, go to the "Refer a Friend" section, and then access the "Referrals History" or similar tab. This will show you the status of your earned cash bonuses, including when they were earned and when they will be applied.
How to qualify for the Marcus referral bonus as a referrer?
To qualify as a referrer, you must be an existing Marcus Online Savings Account or CD holder and successfully refer a new customer who opens a qualifying account (Online Savings Account or CD) using your unique referral link.
How to qualify for the Marcus referral bonus as a new customer?
As a new customer, you qualify for the referral bonus by using an existing customer's unique referral link to open a new Marcus Online Savings Account or CD. You must not have held a Marcus Online Savings Account or CD in the past 12 months.
How to ensure my friend's referral counts for the bonus?
Your friend must use your specific referral link to begin their account opening process. If they go directly to the Marcus website or use a different link, the referral will not be tracked, and neither of you will receive the bonus.
How to refer more than one person to Marcus?
Tip: Jot down one takeaway from this post.
You can typically refer up to 5 new customers per calendar year. Each successful referral extends your bonus earning period for a set number of months, and these bonuses are applied consecutively.
How to contact Marcus customer service about a referral issue?
You can contact Marcus customer service by phone (US Toll-Free: 1-855-730-7283 for Savings & CDs, available 24/7) or through their online chat feature (available when logged in). Be ready to provide your account details and the referral information.
How to know if the Marcus referral bonus is still active?
The Marcus referral program is generally ongoing, but the terms and bonus amounts can change. Always check the official Marcus by Goldman Sachs website's "Marcus Referred" section for the most current terms and conditions.
How to combine the Marcus referral bonus with other offers?
Generally, a bonus earned through the Marcus referral program can be combined with other non-referral promotional offers that Marcus may have available for its customers. Refer to the specific terms of each offer for confirmation.
How to set up a Marcus Online Savings Account after being referred?
After receiving a referral link, click on it, and it will direct you to the Marcus website. Follow the on-screen prompts to apply for an Online Savings Account, providing your personal details and funding the account as instructed.
 |
