Frequently Asked Questions
We’re an online bank created to provide people with flexibility in their banking. Funds are held by our parent company, PeoplesBank. Unlike many other online institutions, deposits with us are 100% insured – in other words there is no maximum amount of coverage. The bottom line: by banking with us, customers maximize convenience and minimize risk since all their money is backed by the security of a regulated bank. You can learn more about who we are here.
Our goal is to make banking as easy as possible while offering services traditional brick and mortar banks can’t. Like early access to paychecks, cash rewards on debit card purchases, and powerful ways to build savings. In other words, we help customers feel good about the way they bank. Customers manage their accounts through their smartphones, tablets or computers, with access available 24/7/365.
To help customers get a jump start on their savings, not only do we automatically round up every debit card purchase to the nearest dollar and deposit the spare change into their savings account, we match it. All new customers get a 100% match during their first 100 days. Customers who maintain an average daily balance of $3,000 will continue to receive a 100% match, and customers who maintain a balance below $3,000 will receive a 25% match.1
Zero. Zip. Zilch. There are no monthly fees to bank with ZYNLO.
Customer service representatives are available by phone 24 hours a day, 365 days a year (366 during leap years). Just call 1-844-ZYNLOBANK (1-844-996-5622) any time to reach a live person.
We offer a checking account (also called a “spending account”), a savings account, and a high-yield money market account – each with unique benefits. Regardless of whichever account you choose to open, you’ll have the convenience of managing it from your smartphone or computer.
Any U.S. citizen 18 or older with a valid Taxpayer Identification Number. We can open accounts for people throughout the United States.
How to Bank with ZYNLO
A smartphone is not required, but does provide you with on-the-go flexibility. Customers can bank just as easily from a computer or tablet.
Once your account has been approved, you can expect your ZYNLO debit card PIN within 3-5 business days. Your debit card will arrive approximately 2 business days later.
Safety & Security
Yes! In fact, all deposits are 100% insured by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). This is a big deal because unlike many other institutions that only have FDIC insurance, all funds at ZYNLO, including 100% of all deposits, are fully insured with no coverage cap.
Customer security will always be a top priority for us. Since we are backed by one of the most established regulated banks, PeoplesBank, unlike many other online institutions we have the expertise and tools in place to fully protect customer information, as stated in our security policy.
We’ve partnered with Allpoint to offer customers over 55,000 ATMs completely free of charge. Allpoint ATMs are located in leading national and regional merchant locations such as CVS, Target and Walgreens around the world. Find an ATM location nearest you.
Click the “Open an Account” button at the top-right of your screen. Or, you know, here.
If you choose to direct deposit your paycheck into your ZYNLO account, you’ll have the added benefit of receiving your paycheck up to 2 days early. You can also deposit checks using mobile deposit and electronic transfers, even from other institutions.
As long as your employer offers direct deposit, you can take advantage of our Early Payday feature to access your paycheck up to two days early. Be sure to check with your employer as additional paperwork may be required. Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.2
To help customers get a jump start on their savings, not only do we automatically round up every debit card purchase to the nearest dollar and deposit the spare change into your savings account, we match it. All new customers get a 100% match during their first 100 days. Customers who maintain an average daily balance of $3,000 will continue to receive a 100% match, and customers who maintain a balance below $3,000 will receive a 25% match.
ATMs, Mobile Payments & Bill Pay
ZYNLO customers can access Allpoint ATMs free of charge, which are located in leading national and regional merchant locations such as CVS, Target and Walgreens across the United States, Canada, Mexico, United Kingdom and Australia. Look for the green Allpoint logo on participating ATMs. Find an ATM location nearest you.
We will never charge you a fee for using an out-of-network ATM, however the ATM owner might. You can avoid fees altogether by using one of our 55,000 surcharge-free ATMs. Plus you’ll always have the ability to get cash back at thousands of merchants across the country.
Absolutely! You can link your ZYNLO Visa debit card to your preferred Apple Pay™3, Google Pay™4, or Samsung Pay5 account.
Log into the ZYNLO app or your ZYNLO online banking account and click ‘Move Money’. From here you can select ‘Pay a Person’. All you need is their name and email address, or mobile phone number to create the transfer. To ensure your money is going to the right person, you’ll have the option to create a secret security question and answer that only the recipient will know.
ZYNLO does not offer checks for the simple reasons that they are more expensive, less environmentally friendly and can take longer to get your money to where it’s supposed to go. However, should you choose to order paper checks for yourself, we will support payment of any paper checks you write. Though we do encourage you to explore our easy to use bill pay and transfer functions, as well as our ‘Pay a Person’ options before ordering paper checks to see if they meet your needs.
Our automated bill payment feature ensures your payments will always be on time. Bill payment is easy to set up and can be found within the app, or through online banking.