Deal has ended, view more bank account bonuses by clicking here.
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
Contents
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
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
I determined that Zynlo is a real stickler for the rules. I made a purchase with my debit card on the 100th day that my account was opened. It posted on the 101st day (yesterday) and I received a 100% Round Up match. I made a purchase with my debit card on the 101st day that my account was opened. It posted on the 102nd day (today) and I received only a 25% Round Up match.
Now, I will probably move most of my small spend from Zynlo to Roger. However, I may still use my Zynlo debit card from time to time as I would hate for them to shut me down for unnatural non-use of my debit card. 😉
You still can get Zynlo’s 100% match if you keep $3k in the checking account at 2%. I’m not sure that that’s a good deal. I’m going back to my Primis Perks account that pays 50 cents for every debit. Even works with PayPal bill pay.
I am aware of that Zynlo deal but it’s definitely not worth it for me as I don’t have nearly enough small purchases to make up for that big of a “loss” in interest.
This is the 1st that I have heard of that “Primis Perks” deal. Is there nothing in the terms preventing people from abusing it like people did for Zynlo?
Now I know why
fdic decided against trying for the Roger Round Up deal as they must also have access to this “Primis Perks” deal.
I look forward to them ranting and raving when Primis inevitably shuts them down like Zynlo did. 😉
I’m sure Primis can close out accounts for abuse. I only put small – like $15 and less everyday purchases on it and a couple PayPal bill pays on it a month. I’ve been doing this for probably eight months. I keep funds in their savings account and transfer to checking as I’m spending. It’s good for $10-12 a month.
First time hearing about this also. It is not an interest bearing account and in their disclosure, they have the following written down “At the discretion of the bank, your account may be closed and reward payment may be denied if the offering is abused.”
I don’t know about you but when I see terms like that (ie Zynlo, Etrade, etc) in a bonus offer, I try to tread lightly. It seems like I’m in the minority though. However, it seems like
flguy is like me in that regard. 😀
Everyone please take a few minutes to fill out this form and email it
https://www.mass.gov/doc/consumer-complaint-form-pdf/download
Say they dont define what is excessive or unnatural, etc and kept sending emails to encourage more debit card usage.
Each of these complaints will stay on their record even if it doesnt achieve much
Are you also going to file a complaint against Amex and other companies with a RAT that don’t define the word “abuse”?
Yahoo! I finally received my acct closure check in the mail, all $0.54 of it. They paid $0.69 for postage + cost of envelope, paper check and employee that had to stuff and process it.
Slightly better than my $1 deposit after they told me they were going to close the account revenge. I do plan to submit a complaint that they purposely closed out the account to avoid paying the bonus. It may or may not yield anything but whatever…
This is the form to fill out, hope it doesnt get flagged as spam
https://www.mass.gov/doc/consumer-complaint-form-pdf/download
Don’t forget to include the time that it takes for you to deposit said check after your petty behavior!
I finally got my $100 bonus Yesterday March 19 after first opening the account on December 4 2024 and finishing the requirements in Mid January.
I never received an email from them regarding the bonus or being a part of some crown customer and I certainly didn’t receive any shutdown emails either.
The last email I received was on March 15 about how they were making the app better though I never noticed anything different and no new features.
Did you continue to use the debit card through yesterday?
Yes and plan to keep using it for now.
Checks arrived from Peoples for P1 and P2 today and a couple days ago for remaining balance. I will miss them… goodbye old friend…
And P2 got a denial email after already having an account and getting a bonus:
Hi Peek P2,Thank you for applying for an account with ZYNLO. Unfortunately, we are unable to open your new account at this time.
For more information regarding your application, please contact us at anytime.
Sincerely,
The ZYNLO Team
opened 12.23.2024, 2 ACHs from Ally, small purchases in grocery stores. 100$ bonus 02.25.2025.
Is there ETF? When and how do you close it? Or it can be useful?
Did you only do the 20 required purchases or have you continued to use the card after you reached 20?
I am unsure if there is an ETF. AFAIK, the only people that have reported closing their accounts weren’t given a choice. 😉
You still have almost 3 weeks left of the 100% match. It’s up to you if you want to attempt to “burn it down” like
Peek and 
Gisted did or if you want to do whatever you’ve been doing until then.
After the 3 month period from opening ends, there is still a 25% Round Up match, which isn’t bad for very small purchases.
Hey now! I didn’t burn it down, everyone pays their cell phone bill $1.01 at a time every day for the whole month. I only did 96 transactions.
Your mistake was not throwing some $1.02 and $1.03 payments in there to throw them off. 😉
I actually did here and there. When paying my cell bill I can only do one 1.01 transaction a day, so this would sometimes be 1.02 or 1.03. But most were 1.01.
I was actually being somewhat facetious with that comment. 😀
I think that you hit the nail on the head with this comment: “What they are looking for is a bunch of different charges from stores and whatnot.”
Just 20 purchases, then I had to switch to 15 purchases for South state bank and a bunch of credit cards which forgive 1-2$ statement balance, I tap Google pay at self service. I don’t think that these zynlo cents worth the hustle. I’ve got 13$ for these 20 purchases.
Since you received the $100 bonus also, getting $113 for making 20 purchases (and a couple of ACH transfers) isn’t too bad!
Got a Shutdown notice today for unnatural use of Debit Card. Strange, because I used my debit card normally since I opened the account. I received the $100 bonus 2/25/25. I used the debit card physically at the pharmacy, the grocery store and gas station.
I used mine naturally the same way. Mostly buy snacks at work for a few dollars each day. Same notice today.
This bank is being run by clowns
Also got a shutdown notice today. Don’t really use debit for daily spending so was careful to use round numbers when fulfilling the bonus requirements (to avoid being shut down for abuse of their round-up match benefit, which their t&c included a lot of scary language about, so I figured safer to not receive any match at all lest I be accused of something, but I still was). Opened mid-December, completed requirements in January, received bonus late Feb (I think also on 2/25), received shutdown notice today.
Got the bonuses for P1 and P2 on 2/26 – Shutdown notice today for P1:
You are receiving this correspondence because there has been excessive and unnatural use of your ZYNLO debit card to take advantage of ZYNLO’s benefits.
Due to violating the Terms & Conditions, your ZYNLO account(s) are pending closure. After closure, any remaining funds in your account(s) will be mailed as a cashier’s check to your address on file. Your check should arrive within 10 business days following closure.
I guess my $1.01 debit every day for the past months has finally caught up with me. I wonder if P2s notice is coming too 😐 . Ah well I thought I was special 🙂
I thought I would get a match on the whole bonus amount .99 cents a at a time. Sadly I guess not. I am curious if P2 gets a notice. Her account has a decent amount of cash in the savings. We’ll see.
P2 shutdown email just arrived. Ah well, was a decent bonus. Haven’t done the math but I’m pretty sure it’s at least 160 or 170 each including matches and bonus.
I went the opposite direction (only did round numbers to avoid accusations of gaming the round-up match) and also received a closure notice today. I suspect it’s anyone who received a bonus is getting the boot, which is too bad because I would’ve stuck around with them otherwise.
Damn, they even shut you down with doing round numbers? I’d email them back if you want the account. They do say you can contact them. I’m not even going to try but you might be able to keep your account.
Some would say that having 20 purchases in a row for an even dollar amount is “unnatural”. I may or may not be 1 of those people. 😀
Yeah probably true. Even if they were disbursed. What they are looking for is a bunch of different charges from stores and whatnot. Though some who claim to have done that also got shut down. I’m just sad they are breaking up with me. I think this is the first bank that ever tossed me out after we started our relationship. I thought we were friends!
If/when Zynlo breaks up with me, I will feel the same sadness as you do! I just hope that I will not be bitter and spiteful enough to leave < $1 in my account just so they will have to waste time and money mailing me a check.
BTW, did you see my comment here: #2011930 ? Don’t ever apply to Blaze as they are 1 of the 2 that asked that question! I’m not sure what the 2nd was but it might have been MWB.
Yeah I have seen the question once or twice. The best action in that case may be to just not finish the app.
This bank is really all over the place. I opened my account on 12/26 and did 20x debit transactions ranging from $1-$20 (gas, grocery, restaurants); 1-2 transactions per day. I then decided to rest the card to not risk closure upon seeing people’s accounts being closed left and right. Received $100 bonus on 2/25 and on 2/26 received warning email that as part of their routine monitoring they found unnatural spending activities. I haven’t used my card for the last month! (last transaction was on 1/27) I was going to keep this card to use occasionally but now I’m withdrawing all my money before they decide to close my account. What a bunch of clowns!
lol a Christmas miracle if you ask me.
so these Bozos decided to actually pay?
Also received the $100 Debit Card Incentive on 2/25 and got an e-mail on 2/26 saying that I’m a “Zynlo Crown Customer” or something
My ticket was submitted on Feb 3rd and there has been no follow back.
How some of us escaped account closures and actually received what was promised to us from such a shit show institution is beyond me 😶🌫️