Smartphone users will be able to check balances and track savings as well as move money to and from their linked account.

US customers have had access to the bank’s app for several years, but UK customers have until now had to rely on the firm’s website to do their banking.

The highly-anticipated app comes three years after Marcus – the savings brand from Goldman Sachs – entered the UK market.

It hit the headlines with its first savings account back in 2018, as it paid a rate of 1.5%, securing top place in the best buy tables. But the same savings account now pays just 0.4%.

The digital bank has since expanded its range, launching a cash ISA earlier this year.

It is set to launch its own investment platform later in 2021.