Bank record
Synchrony Bank: who holds your money
- Institution type
- Bank
- Insurance route
- Banks and direct bank accounts
- Recorded partner banks
- 1
- Disclosure read
- September 5, 2026
Insurance route
Banks and direct bank accountsThe disclosure for Synchrony Bank, read on September 5, 2026, describes a direct bank arrangement for FDIC coverage, federal insurance for bank deposits. This concerns deposits at the relevant bank. The exact disclosure follows.
Summary
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.
Current commentary
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
1 bankSynchrony Bank
- FDIC certificate
- 27314
- Role
- program bank
- Uninsured deposit share
- 11.9%
- Lefomi grade
- Grade AScore 100.0 out of 100
- Quarter ending
- June 30, 2026
- Other peers
- 31
- Peer group
- Banks, $100B or more
- Deposit insurance
- FDIC insured
Grade alerts for Synchrony Bank
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