GOLDMAN SACHS BANK USA


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"Products" offered by GOLDMAN SACHS BANK USA with at least one, but usually more complaints:

Bank account or service - (CD) Certificate of deposit
Bank account or service - Checking account
Bank account or service - Other bank product/service
Bank account or service - Savings account
Checking or savings account - CD (Certificate of Deposit)
Checking or savings account - Checking account
Checking or savings account - Other banking product or service
Checking or savings account - Savings account
Consumer Loan - Installment loan
Consumer Loan - Personal line of credit
Consumer Loan - Vehicle loan
Credit card -
Credit card - General-purpose credit card or charge card
Credit card - Store credit card
Credit card or prepaid card - General-purpose credit card or charge card
Credit card or prepaid card - General-purpose prepaid card
Credit card or prepaid card - Gift card
Credit card or prepaid card - Government benefit card
Credit card or prepaid card - Payroll card
Credit card or prepaid card - Store credit card
Credit reporting -
Credit reporting or other personal consumer reports - Credit reporting
Credit reporting or other personal consumer reports - Other personal consumer report
Credit reporting, credit repair services, or other personal consumer reports - Credit repair services
Credit reporting, credit repair services, or other personal consumer reports - Credit reporting
Credit reporting, credit repair services, or other personal consumer reports - Other personal consumer report
Debt collection - Credit card debt
Debt collection - I do not know
Debt collection - Medical debt
Debt collection - Mortgage debt
Debt collection - Other debt
Debt collection - Payday loan debt
Debt or credit management - Debt settlement
Money transfer, virtual currency, or money service - Debt settlement
Money transfer, virtual currency, or money service - Domestic (US) money transfer
Money transfer, virtual currency, or money service - Foreign currency exchange
Money transfer, virtual currency, or money service - International money transfer
Money transfer, virtual currency, or money service - Mobile or digital wallet
Money transfer, virtual currency, or money service - Money order
Money transfer, virtual currency, or money service - Traveler's check or cashier's check
Money transfer, virtual currency, or money service - Virtual currency
Money transfers - Domestic (US) money transfer
Mortgage - Conventional adjustable mortgage (ARM)
Mortgage - Conventional fixed mortgage
Mortgage - Conventional home mortgage
Mortgage - Home equity loan or line of credit
Mortgage - Other mortgage
Mortgage - Other type of mortgage
Payday loan -
Payday loan, title loan, or personal loan - Installment loan
Payday loan, title loan, or personal loan - Payday loan
Payday loan, title loan, or personal loan - Personal line of credit
Payday loan, title loan, personal loan, or advance loan - Installment loan
Payday loan, title loan, personal loan, or advance loan - Other advances of future income
Payday loan, title loan, personal loan, or advance loan - Personal line of credit
Payday loan, title loan, personal loan, or advance loan - Title loan
Prepaid card - Gift card
Prepaid card - Other special purpose card
Vehicle loan or lease - Loan

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Complaint ID: 6660732

Date Received: 2023-03-07

Issue: Problem with a credit reporting company's investigation into an existing problem

Subissue: Their investigation did not fix an error on your report

Consumer Complaint: I've asked all 3-credit bureaus to do a thorough investigation on all of my accounts in which they did, and they have stated everything was accurate. I then reviewed the reports on my own and discovered that there are still improper inaccuracies on my XXXX, XXXX and XXXX credit reports. The account and payment history that I found to be inaccurate is : Goldman Sachs Bank USA, Account number XXXXXXXX XXXX XXXX XXXX Account number XXXX These accounts do not belong to me. I have notified all 3 Credit Bureaus of this and asked that it be removed entirely from all 3 of my credit files, which they refuse to do. In accordance with the Fair Credit Reporting act, XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX, Account number ending in XXXX has violated my rights. 15 U.S.C 1681 section 602 A states that I have the right to privacy. 15 U.S.C 1681 section 602 A Section 2 states a consumer reporting agency can not furnish an account without my written instructions

Company Response:

State: MI

Zip: 48197

Submitted Via: Web

Date Sent: 2023-03-07

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 6659498

Date Received: 2023-03-08

Issue: Incorrect information on your report

Subissue: Account status incorrect

Consumer Complaint: The following accounts and their respective creditors are in direct violation of the FRCA laws put in place to protect me as a consumer in this country. I have contacted by phone, and mail addressing my concerns regarding these fraudulent accounts formed as a direct result of identity theft, and there was no response or solution given as far as rectifying my issues is concerned. Please see below the accounts/creditors referenced above. Apple Card/GS BANK USA Account XXXX. XXXX, XXXX Below are the following US Code violations these entities have committed. 16 CFR 681.1 ( 2 ) ( iv ) 16 CFR 660.4 ( b ) ( i ) 16 CFR 660.4 ( b ) ( iii ) 16 CFR 660.4 ( d ) ( 1 ) 16 CFR 660.4 ( e ) ( 1 ) 16 CFR 660.4 ( e ) ( 2 ) 16 CFR 660.4 ( e ) ( 3 ) 16 CFR 660.4 ( e ) ( 4 ) 15 U.S.C 1666B : A creditor may not treat a payment on a credit card account under an open end consumer credit plan as late for any purpose

Company Response:

State: GA

Zip: 30339

Submitted Via: Web

Date Sent: 2023-03-08

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 6658049

Date Received: 2023-03-07

Issue: Closing an account

Subissue: Can't close your account

Consumer Complaint: I couldnt find any way to close my account on the Marcus by Goldman Sacks website. Then I spent several hours trying to close my account by phone. The first person I talked to said the account couldnt be closed because I had recently updated my email address on their website. The next 2 people I talked to said someone would have to call me back and Id have to give them a one-time 4 digit PIN. The first time, I was told someone would call me as soon as our call ended. They didnt call. I called back after over 30 minutes. After being put on hold 3 times, I was told again that someone would call to ask for the PIN but this time it would take 20 to 30 minutes for them to call for the PIN. There was no call back for several hours. I cant hang around for hours and keep my phone line open waiting for Marcus by Goldman Sacks to call. They also require me to be at home to sign for the check sent via USPS. That would certainly be another delay. Seems clear that this is a runaround to avoid closing a CD thats paying only a third of a percentage point interest.

Company Response:

State: NC

Zip: 27615

Submitted Via: Web

Date Sent: 2023-03-29

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 6654868

Date Received: 2023-03-06

Issue: Fees or interest

Subissue: Charged too much interest

Consumer Complaint: Goldman Sachs Bank , U.S.A. has erroneously accessed an interest charge to my account and has given me the run around in removing.it from my current account balance. I have called multiple times to no avail. I have also initiated a dispute of this charge via chat, to no avail. It is a clear error if you review the credit card statements which state on the upper left side of the statement ( underneath the monthly balance ) that " If you pay your monthly balance in full every month, you will avoid being charged interest ''. My monthly balance due in XX/XX/XXXX was {$1000.00}. That amount was OVERPAID ( in full ) by the due date XX/XX/XXXX as I submitted a payment in the amount of {$1100.00}, yet I was still charged {$15.00} in interest on XX/XX/XXXX at XXXX ET. Payment was processed and payment confirmation email was rec 'd ( by me ) at XXXX ET. The representative via chat quoted the above was as a result of " trailing interest ''. However, that does NOT apply in this instance as for XXXX ) I was not accessed ANY interest on this card in the ENTIRE Year XXXX ( see page XXXX of XXXX of the XX/XX/XXXX statement which shows interest paid in the Year XXXX = {$0.00} ) and XXXX ) I paid the XXXX XXXX monthly balance of {$1500.00} in FULL by XX/XX/XXXX ( I was also still accessed an interest charge for XX/XX/XXXX, but the cc issuer ( Goldman Sachs XXXX has since credited that amount back to my account. The remaining amount of {$930.00} owed on this account was sent & processed on XX/XX/XXXX. The correct, current monthly balance should be + {$1.00} and needs to be adjusted accordingly and expediently. Attached are copies of all impacted statements along w/ a full account summary, in table format, which outlines ALL transactions, remaining balances, payments, etc.

Company Response:

State: MD

Zip: 20774

Submitted Via: Web

Date Sent: 2023-03-06

Company Response to Consumer: Closed with monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 6649315

Date Received: 2023-03-04

Issue: Problem with a purchase shown on your statement

Subissue: Card was charged for something you did not purchase with the card

Consumer Complaint: I opened an Apple Credit card on my XXXX. The phone was stollen. I called my Apple Card customer service number at XXXX and explained what happened. I asked for the card to be closed to avoid any charges from being made on my card. I asked for the balance on the card to be transferred over to a new account under my name so I can pay off the balance. I was informed that the only way I can process payments is by 1 ) giving the customer service representative my card information over the phone so they can process the payments 2 ) sending payment to a XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX, XXXX, PA XXXX ). I did not think that was safe and the exchange seemed fraudulent. 3 ) Login to the account and pay through there. I was at the time unable to login to the account because OTP code was being sent to the stollen phone. I called Apple and resolved the matter and was eventually able to regain access to my account. Once I had access, I logged in and paid off the balance. There was a pending payment, I tried o log in after a period of time to confirm the payment processed through and instead found I could not log in and was asked to call the number above. I called the number. The customer service person I spoke to said they could not see anything on my account regarding the lock and transferred me over to Apple services. Apple noted they could not see the lock on my account and that it has to be an issue on Goldman Sachs end and transferred me back. After 4 hours on the phone, I was informed that the reason I could not log into my account is because I had paid off the balance and therefor the account is unavailable for me to login to. I was informed that there is an installment on my account and asked to payoff the installment amount. I issued verbal consent for the card on record to be used to payoff the installment balance on request. After I was informed that my account has been paid off ( the balance on the card is XXXX ) and closed. I was sent an email stating as much. A week later, I tried to log into the account on a whim and was able to successfully log into the account - which I was previously informed was unavailable for me to log into because the account is closed and the balance paid off in full. When I logged in, I discovered a new balance, even though the card had been paid off and the account closed months prior. I paid off the amount, called the customer service number above to try and get an explanation about what was going on. Since I've been paying off the card for months only to have " new '' charges appear even though the card has been closed and I had informed customer service that the phone linked to the card had been stollen. The agent I spoke to informed me that the balance showing up on their end was significantly less than the balance that I was shown- and paid again. I asked how that was possible and she noted she did not know and would look into it. I asked to speak to a manager. I was transferred to a manager who asked for my first name, last name, birth date, and phone number linked to the card ( prior agents asked for the last 4 digits of my social as well ). After some time on the phone, the manager informed me that they would open an internal investigation into the matter since I had been informed that the card was paid off the installment linked on the card had been paid off and my bank account statements show the transactions withdrawn from my card for the referenced charges but the charges somehow remained on my account in their systems. I asked the manager to explain why is it that I was charged - can verify the withdrawals occurred in my bank account - and yet somehow the payments were not applied to my credit card balance/installments? I asked where were the payments I was charged for processed? She did not provide an answer and instead told me an internal investigation will be opened on the matter.

Company Response:

State: MA

Zip: 02121

Submitted Via: Web

Date Sent: 2023-03-04

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 6648952

Date Received: 2023-03-04

Issue: Getting a credit card

Subissue: Application denied

Consumer Complaint: Ive applied several times for the opportunity to have a card with this company. Every time I get denied. I make a total earning of XXXX with a fair/good credit.This is highly unacceptable! Especially when i recruited half of my family and friends to apply and receive their cards.

Company Response:

State: FL

Zip: 33065

Submitted Via: Web

Date Sent: 2023-03-04

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 6648458

Date Received: 2023-03-04

Issue: Closing an account

Subissue: Can't close your account

Consumer Complaint: Marcus online bank accepted money transfers from my personal savings account after verifying my account. Then I tried to get money transferred to a linked account and they transferred all my money back to the original account without adequate explanation. They credited the appropriate amount of interest to that account at Marcus and when I tried to transfer money out of my account again they locked their account preventing access. They have no problem accepting my money but seem to put up roadblocks any time I try to get some money back. Unethical behavior for an fdic insured institution.

Company Response:

State: MA

Zip: 010XX

Submitted Via: Web

Date Sent: 2023-03-04

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 6648039

Date Received: 2023-03-04

Issue: Fraud or scam

Subissue:

Consumer Complaint: I called my bank and asked them to do a balance transfer on my Apple credit card in the amount if {$2600.00} on XXXX. The transaction was processed on XXXX yet the transfer did not reflect on my Apple credit card. I called on XXXX to find out why. The representative told me to wait a few more days for it to post. I called again on XXXX since the credit still has not posted. The representative told me Apple does not support balance transfers. She filed an internal complaint on my behalf and told me it could take anywhere from 10 to 30 days before anything happened. It has already taken nearly a month and Apple has still not applied the credit to my account. Because of that I am still accruing finance charges and having to make monthly payments on a balance for which funds were received. Yet in order for the transaction to have posted to my lower rate credit card with my bank, Apple had to have received the funds. How can my bank send them payment for the debt and Apple accept the monies and still collect finance charges and payments for it???

Company Response:

State: OR

Zip: XXXXX

Submitted Via: Web

Date Sent: 2023-03-04

Company Response to Consumer: Closed with monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 6647878

Date Received: 2023-03-04

Issue: Problem when making payments

Subissue: Problem during payment process

Consumer Complaint: On XX/XX/, I made a payment in the amount of {$1200.00} and this payment got held. I totally understand the reason that this payment was held due to me making an unusually high payment. I would make a comment that prior to this payments like {$25.00}, {$75.00}, {$100.00}, {$120.00} were not placed on hold. Now no matter what, this bank is holding payments, which makes no sense to me. I have spoken to representatives that state the reason that payments are being held is that of payment cancellations, but that is false, because I never started truly cancelling payments like I have recently when I noticed that everything was going to be held for not even 7 days but 10+ days now. I understand this if I bounced a payment, but seems like these XXXXXXXX XXXXXXXX can't trust they will get money themselves while they line their own XXXX pockets. I feel like this is an advantage to continue collecting additional interest on my account. My account needs to be returned to credit payments same day, as this is I think extremely unfair that now these people arbitrarily do whatever whenever however they feel and DO NOT inform the borrower. I think that credit card companies if they are holding payments need to explain to the consumer how come and when it will be released. They do not do this. It is biased and somewhat racist.

Company Response:

State: IL

Zip: 60654

Submitted Via: Web

Date Sent: 2023-03-04

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 6644243

Date Received: 2023-03-03

Issue: Getting a credit card

Subissue: Card opened as result of identity theft or fraud

Consumer Complaint: XX/XX/2023 : GM credit card account ( Goldman Sachs ) was opened by someone using my ID information. {$7800.00}. was charged to the card. The issuing bank ( Goldman Sachs ) fraud detection algorithm recognized this account ( and others ) as fraud and immediately closed the account ( without contacting me ). Account was closed by issuer ( Goldman Sachs ).

Company Response:

State: NC

Zip: 27516

Submitted Via: Web

Date Sent: 2023-03-03

Company Response to Consumer: Closed with non-monetary relief

Timely Response: Yes

Consumer Disputed: N/A


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Select another page to read more about how -real people- receive -real harm- from these banks, credit bureaus, and others.