Head Office
170 West Election Road,
Suite 125 in Draper Utah
United States
Customer Service
Phone: 1-866-226-5638 (bank accounts)
Phone: 1-866-419-4096 (credit cards)
Phone: 1-800-333-1082 (business accounts)
Email: nil
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About Synchrony Bank
Synchrony Bank is a Utah-based financial services company operating since the year 1988. The bank is insured by the Federal Deposit Insurance Corporation (FDIC) and provides an array of financing options. Popular for its savings products that offer high interest, the bank currently boasts of 80 million accounts. Other financing solutions include retail credit cards, healthcare based financing and promotion financing. The Fortune 500 company has partnered with more than 100 different brands spanning electronics, health care, hardware, auto parts and home furnishings, to provide both credit cards and store cards. The store cards are private label credit cards that can only be used at the specific store. The dual cards offered meanwhile allow one to use it at any store for shopping or availing services. Thanks to the it’s success, Synchrony is today the largest provider of store credit cards in the US.
For an overview of the products, you have High Yield Savings, Certificate of Deposit (CDs) and Money Market Accounts (MMAs). The High Yield Savings is a high interest savings account that requires no minimum balance. Customers enjoy convenient withdrawal of cash online or via ATM. There are tools available on the website designed to help you calculate your High Yield Savings earnings and see the difference with other popular bank’s rates. The Money Market Accounts offers option to write checks and withdraw cash online or via ATM. It is best for those who want to earn much interest at the same time have access to cash when most needed. Speaking of IRA Certificates of Deposit, it offers tax benefits based on the type of IRA. The percentage of APY earned varies according to term length. You can choose from both Traditional IRA or Roth IRA, according to the tax implications and benefits. Another product perfect for retirement planning is the IRA Money Market Accounts. It requires a minimum opening deposit and it allows one to add funds whenever they want.
With its focus on online banking, customers are assured of hassle-free banking experience with option to view and manage funds by signing into web or mobile app. You can see an overview of account, deposit checks from your phone, transfer funds to an account or order deposit slips via Internet banking. Being an FDIC-insured firm, customers are assured of safety. The FDIC membership besides providing identity theft protection ensures all deposit accounts are insured up to $250,000. To open a new account, you can place a request on the website or reach out to the customer support. There are also forms available to download for Deposit Account Application, Direct Deposit Form, Change of Beneficiary and IRA Rollover Request. For complaints or queries on new accounts, cancellation, refund, forms, or others, reach the Synchrony Bank support.
