ZYNLO Bank

Written by Kim Porter | Edited by Rebecca Stropoli | Published on 2/11/2025

Zynlo Bank is the digital arm of PeoplesBank, which is based in Holyoke, Massachusetts, and serves the entire U.S. Customers can open only high-yield checking, savings and money market accounts, but several attractive features make up for Zynlo’s somewhat limited product offerings.

Checking
The More Spending Account, the bank’s rewards checking account, will round up your debit card purchases to the nearest dollar, match those roundups and then transfer this extra cash to your Tomorrow Savings Account. Zynlo matches all of your roundups at 100% for the first 100 days after account opening. The bank will continue to fully match roundups if you maintain an average daily balance of $3,000 in your More Spending Account.

You’ll also earn an annual percentage yield (APY) of 2.00% on the cash in your checking account and pay no monthly maintenance fees. The account charges a $10 minimum opening deposit but includes other perks, such as access to more than 55,000 free ATMs through the Allpoint network. You may be able to get paid two days faster with early direct deposit if your employer uses a participating service.

Savings
The Tomorrow Savings Account pays a competitive 4.35% APY and allows you to create specific savings goals and track your spending through folders. There are no monthly maintenance fees or minimum balances, but as with the checking account, you’ll need to deposit at least $10 when you open the account.

Money market
The bank’s money market account pays a 4.40% APY on up to $250,000, and balances over that limit earn 0.10% APY. There are no fees or minimum account balance requirements, and customers can make unlimited transactions.

Zynlo does not offer an overdraft protection program, but on the plus side, it also does not have overdraft fees. The bank will simply decline the charge.

Service
Customer service is accessible by phone at 844-996-5622. You can talk with a live agent from 8 a.m. to 10 p.m. Eastern time on weekdays and from 10 a.m. to 2 p.m. ET on weekends. Customers can also email the bank at [email protected] or send a secure message using the mobile app.

Zynlo Bank pros and cons

Pros:
• Checking account matches your roundups at 100% if you meet requirements
• Earns competitive APYs on all deposit accounts
• Provides access to network of 55,000 free ATMs

Cons:
• Offers limited product selection
• Lacks branch access because bank is online only
• Does not have overdraft protection program

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