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
A question for those who filed CFPB complaints, did anything useful came out of it or did they send form replies to everyone?
FWIW I got the account closure email without any warning then wrote back in about my negative experiences with my account getting locked when doing an external transfer and my debit card not working, reasoning that I had to do several low amount transactions to make it in time for the bonus given all that. They wrote back this:
We’re reaching out to provide an update regarding your account status. Our operations team regularly reviews account activity to ensure it aligns with typical banking behavior. When certain patterns appear unusual or inconsistent, they are referred to our compliance team for further evaluation.
Upon review, your account activity met the criteria for unusual transaction patterns associated with meeting the reward qualifications in a way that does not reflect typical spending behavior. That said, after an additional review, we have decided to keep your account open at this time. You now have full access to your account and online banking.
Additionally, we’re happy to inform you that your account is now eligible for the $100 reward. You will receive this reward shortly as part of your account’s continued good standing.
However, please be advised that your account has been placed in a warning status and will be monitored. Any further unusual activity may result in immediate account closure.
That’s awesome! I hope that you don’t squander your 2nd chance.
Thats good news. May I ask what was the time line of them coming back with this?
thanks
It was maybe 3-4 biz days after I sent my reply to the account closure email. I sent to both the operations and support emails.
Surprisingly I’m still not shut down. I remember reading a comment saying to limit transactions to 1-2 each day. Before the bonus my usage was mostly 1-2 transactions each day but normally only one. a few times I did 3 transactions but they were always very low amount like slightly over $1. I would go to grocery stores self check and use spare change to get it down to a low number to maxmize round up. These purchases were always like around $1-2 dollars. I always made $1.xx payments to my ultiity company frequently.
after the bonus hit I’ve been doing 2 transactions daily and sometimes 3. still low dollar amount in the $1.xx range. Mainly just putting it on utilities. Currently at 53 round ups as of today.
Is anyone elses account completely gone? I cannot login with my password or username. i tried to reset my account, but im not getting any notifications on my email. this is crazy!!!
They closed plenty of accounts, rather than pay those pesky $100 bonuses.
Kate
Check your email for subj: Your ZYNLO Account(s) are being closed
They will mail a check for your balance and should arrive in a week or two. GL.
Give them a call to confirm.
What irks me is that I was able to direct message on the Zynlo account and one rep told me not to worry and that she will keep my account open. Now i got a new email after i emailed them about not being able to access my account and access the old messages.
“Thank you for reaching out to us! We are hapy to assist with your banking needs.
I apologize, we are unable to address any account specifics via email. Please give us a call at 1-844-996-5622 and ask to speak with Operations. Their hours are M-F 9am – 5pm EST.
I hope this helps! Should you have any other questions or concerns, please feel free to reach back out to us at any time.”
I was promised that the account would remain open, yet they shut it down. That’s so messed up 🙁
What did the rep write exactly when she told you that “she will keep [your] account open” and did you keep a print screen of that? It’s hard to believe that a rep would be dumb enough to guarantee that your account would never be closed no matter what!
I hear ya. I think it was a little phony to call me, saying that going forward to behave, and then close the account weeks later when no additional transactions had taken place. But whatever… they are going to do what they are going to do.
They may have locked your account for fraud and not actually closed it if you didn’t get the account closure email. This is what happened to me at first when I did an external transfer.
Does anyone else keep getting this? I have already done 2 deposits and more than 20 debit trans
Time’s running out—earn your extra $100 from us!
Don’t let this offer pass you by—just complete all 3 steps to earn an extra $100 on us!
Open a More Spending Account (You’ve done this )Make two separate deposits of at least $500 each into your More Spending Account during your first 45 days as an account holder.Complete at least 20 point of sale (POS) debit card transactions during the same period of time.That’s it!
The last time I received such email was 1/28/25. Completed requirements in mid January.
After getting that email, they sent me the closure email 🙂
Why would you smile about them closing your account?
Because I dont give a rat’s a$$ about what some guy at some crappy scummy bank decides to do 🙂
It was free money, sometimes you get it, sometimes you dont.
I am not sure if anyone knows what pattern they are using to close the accounts (including the clowns running this bank)
My assumption is that the backend gremlins were requested by management to stop the bonus spigot. The best defense now is to just carpet bomb the crap out of them via sh!t posting how these clowns operate. They had potential as a usable bank till they decided to alienate customers with pulling shenanigans with non-bonus payout lowering interest rate and acct. closure, losers!
They can clearly specify a limit on qty and amount etc but wont and then get pissed. My usage was not that bad either. I sometimes use coupons etc so my total is genuinely low
BTW, if you had listened to my advice weeks ago, you probably wouldn’t have had your account closed!
I kept getting them for a month after completing the 2 deposits. I got 1 more the day after my 20th debit so I made a 21st just in case one hadn’t counted.
No more since the bonus posted, but that was just a few days later. So maybe they stop when the bonus goes pending.
Thanks
Karl . I got a closure email a few hours after that email asking me to do 20 debit transactions 🙂
My complaint to OCC regarding Zynlo account closure was forwarded to The Massachusetts Division of Banks (“Division”) and they just forwarded me the Zynlo’s BS response without any assessment or finding of wrongdoing. I submitted a rebuttal with facts/evidence that zynlo conveniently failed to provide. https://www.mass.gov/how-to/file-a-complaint-with-the-division-of-banks
Got the account closure email as well. I did a bunch of the no-no’s during the first month of account opening and completed the requirements. I surprisingly did get the $100 bonus, I guess they only now got around to scrutinizing my account. They didn’t immediately shut off my account access after sending the account closure email so I was able to transfer everything out.
Hit and miss on the payouts. My .02 and .03 swipes at the pump of 10 x 2 = 20 debits didn’t raise a red flag? Only a call from Nathan. I don’t need someone hovering over my debit card usage. Thank you Zynlo for the $120.
I am guessing you were one of the earliest ones
First batch that was sent out, I guess.
“ZYNLO reserves the right to monitor and assess ZYNG Match transactions for unusual and unnatural use of this benefit. At our sole discretion, ZYNLO may determine that an account has displayed unusual or unnatural use of the ZYNG benefit. Once an account has been identified for using ZYNG in an unnatural manner based on typical customer behavior, ZYNLO reserves the right to (1) remove the account from any and all promotions and campaigns, (2) implement a pause, or pursue closure of the account, and (3) reclaim any ZYNLO Match contributions associated with transactions deemed unnatural or in violation of the ZYNG program.”
_____________________________________________________________________
So they base it off “Typical Customer Behavior” which can fluctuate over time.
If they can’t afford to pay it out then why don’t they just set up a limit where the card acts like a normal debit card without the zyng once a customer reaches that limit for the specified time period instead of calling people up and sending emails threatening to shut the account down?
Highly doubt it’s because they “can’t afford to pay it out”. They set the ambiguous rules, and selectively decide when to enforce them.
Andrew
Update for those who received the ” Account pending closure” Email:
Flinally I was able to speak with customer service, customer service couldn’t find any Information on this matter and then transfer me to operations.
Operations said there is a 7 day grace period before the account is permanently closed, during this period account holders can transfer the money out. After that the remaining money will be sent by check. And these account holders whose accounts are closed by them are put on blacklist and no future accounts with them can be opened.
Crooks and fraudsters… that’s who we are! Awesome!
I’ll probably put a $1 back into the account just so they have to take the time to mail a 73-cent post.
Milli recently mailed me a check for $0.01 and guess what Citi’s stupid app wont accept the check saying the amount does not match whats written on the check 🙂
I didnt do it on purpose though, I emptied out the account as I knew they were closing but they credited 1c interest on the last day.
Yeah, I have received one cent checks before.
I am sure you have a different bank that you can deposit it into…
Etrade froze all my accounts a couple of years ago. They also reversed a $12k ACH to another FI and froze that in 0% checking for over a month. It took a CFPB complaint and hours on the phone to get my accounts unfrozen.
I closed all but my IRA as soon as as I got access. Then I switched my IRA to paper statements and transferred out all but $1.
I’m still getting paper statements. 🙂
I remember opening Etrade bank account in late 2022 as they were close to the top at that time. Every time I will link a new account, they will lock me out without telling me. They used to have really long holds and of course you cant talk to their security dept. Their security folks were beyond redemption, would ask me for statements from bank that I never even linked with or never even had an account with. I had only 4 accounts linked and they told me my behavior was very suspicious. I filed a profanity laden CFPB complaint calling out all their stupidity, thinking that I am ok with losing this account but surprisingly the guy who responded agreed with all of it and said corrective action will be taken.
But guess what 6 months later tried linking another account and they again locked my account 🙂
Yes. This is the way.
Got my $1 acct balance check today. Cost them 69 cents to mail. That’s not the number I think of when I think of Zynlo.
That’s funny. I have them on my blacklist !
LOL. If you get the email here are fun 2 experiments to try: