British customers will be able to access their Marcus accounts through an app on iOS devices before the end of May. Whilst Android will have to wait until June.
McDaid revealed to Reuters that Marcus plans to offer robo-advisory service for UK customers by the first quarter of next year.
Marcus has acquired $30 billion in UK deposits since its launch in September 2018. The digital bank’s deposit reserves sit just $5 billion below the UK banking law limit for ring-fence requirements. If met, Marcus would need to separate specified amounts of its profits from Goldman.
