Synchrony Bank: who holds your money
Synchrony Bank is a bank. Synchrony Bank says customer money is held at Synchrony Bank, with insurance reaching customers as direct FDIC insurance at a chartered bank. We read this information in the app's own public disclosure on September 5, 2026, and this page quotes that disclosure below. You can check each partner bank's own page on this site.
Synchrony Bank is itself a chartered bank, so customer deposits sit directly at Synchrony Bank. Federal deposit insurance reaches depositors directly, covering up to $250,000 per depositor, per insured bank, for each account ownership category. Synchrony Bank has letter A, which compares it with banks of similar size on this site. Its disclosure was read as of September 5, 2026.
Bank
- Synchrony BankFDIC #27314 · program bank11.9%above the insured limitA100.0
The figure is the share of total bank deposits above the $250,000 federal insurance limit, reported quarterly to the FDIC. High shares are normal for banks holding large app program balances. They do not mean your balance is uninsured: pass-through insurance usually covers customers individually at the partner bank. Across US banks in 2022 to 2026, those above roughly 36% saw large quarterly total deposit declines more often than those below. Most banks above that level saw no such fall. This measures deposit movement and does not predict trouble for any bank.
Disclosure
FDIC Insurance Your deposits are protected, up to $250,000 per depositor, per ownership category.
www.synchrony.com · as of September 5, 2026