ZYNLO Bank $100 Checking Bonus & 5% APY Savings Account

Offer at a glance

• Maximum bonus amount: $100
• Availability: Nationwide
• Direct deposit required: Yes, two $500+
• Additional requirements: 20 debit card transactions
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: No, but can fund $20-$1,000 with a debit card
• Monthly fees: None
• Early account termination fee: Unknown
• Household limit: None listed
• Expiration date: None listed

The Offer

Direct link to offer (shows here on p21)

• ZYNLO is offering a $100 bonus when you open a new More Spending Account online and complete the following requirements:
  • at least 2 qualifying deposits of at least $500 each within 45 calendar days of account opening
  • perform at least 20 point of sale (POS) debit card transactions which must be posted
    to your account within 45 calendar days of account opening

The Fine Print

• Earn $100 for opening a new ZYNLO More Spending Account online and completing at least 2 qualifying deposits of at least $500 each within 45 calendar days of
  ZYNLO More Spending Account opening. A qualifying deposit is an ACH credit ($500 or
  greater) deposited into your new More Spending Account. In addition, to qualify for this offer,
  you must perform at least 20 point of sale (POS) debit card transactions which must be posted
  to your account within 45 calendar days of ZYNLO More Spending Account opening.
• Final
  payouts will be made at the end of the following month after completion and will be deposited
  into your ZYNLO More Spending Account.
• New ZYNLO More Spending Accounts only.
• Limit
  one per customer.
• PeoplesBank associates and PeoplesBank partners are not eligible.
• Taxes
  may impact earnings.
• Offer subject to change without notice.
• Must not have had a ZYNLO More Spending account in the previous 24 months.
• The new ZYNLO More Spending Account must remain open and in good standing with a balance greater than or equal to $0.01 until the reward is deposited in order to receive the reward.
• Reward forfeiture will occur if: (1): the new ZYNLO More Spending Account
  is changed to a different account type, (2) the new ZYNLO More Spending Account is closed
  prior to the reward being deposited, (3) the new ZYNLO More Spending Account has a negative balance at the time the reward is to be deposited, or (4) the new ZYNLO More Spending
• Account has been identified for incorrect and/or inappropriate use of the ZYNG benefit. See
  ZYNG Inappropriate Usage^ below for details.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about.

Early Account Termination Fee

Unsure if there is any EATF.

Our Verdict

They also offering a 5% APY savings (and money market account) with no requirements, this is very competitive currently with the best savings rates. If this is a soft pull we will add this to our list of the best bank account bonuses.

Hat tip to reader Diego

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