Is Synovus a Good Bank for Everyday Banking

Synovus is a well-established bank with a long history of serving its customers. It was founded in 1888 and has since grown to become one of the largest community banks in the US.

Synovus offers a wide range of everyday banking services, including checking and savings accounts, as well as loan and credit options. It has a large network of branches and ATMs across the country.

With over 25,000 employees, Synovus is a significant employer in many of the communities it serves. Its employees are known for their commitment to customer service and community involvement.

Synovus Bank offers a diverse range of account options, including checking, savings, money market, CDs, investments, and loans. Their Relationship Program also offers exclusive benefits for customers who maintain a certain balance.

Checking accounts are available in two options: Free Checking and Inspire Checking. The Free Checking account has no monthly service fee, while the Inspire Checking account requires a $100,000 combined Synovus Bank account balance to avoid the $50 monthly fee.

The bank also offers a variety of savings accounts, including Personal Savings, Minor Savings, and Holiday Savings. The Personal Savings account offers tiered interest rates and unlimited fee-free in-network ATM transactions.

If you're looking for a bank with a wide range of account options, Synovus Bank might be a good fit.

Synovus Bank offers a variety of accounts, including deposit accounts, loans, and investments. This means you can choose the accounts that best fit your financial needs.

The bank is backed by a parent company with $48 billion in assets, which can provide peace of mind when it comes to the bank's stability.

If you're willing to put in the effort to build a relationship with the bank, the Relationship Program offers significant perks.

However, be aware that Synovus Bank is a branch-based bank, which means you'll need to visit a branch in person to open an account or get assistance from a banker.

Synovus Bank offers a diverse range of account options to suit different needs.

You can choose from various types of accounts, including checking, savings, money market, CDs, investments, and loans.

Synovus Bank's checking accounts come with exclusive benefits, such as free Synovus Bank Debit Cards, unlimited and free access to all Synovus ATMs and Publix Presto! ATMs, and digital banking.

The bank's savings accounts have no minimum balance requirements to earn interest and offer digital banking.

Synovus Bank's money market accounts earn tiered interest rates and require a minimum opening deposit.

Here are some key features of Synovus Bank's account options:

Synovus Bank also offers specialized savings accounts, such as the Minor Savings account, which is available for those under age 18, and the Holiday Savings account, which allows for one no-fee withdrawal per year.

The bank's Relationship Program offers significant perks, including credit card rewards points or statement credits, rate discounts on lines of credit and mortgages, and more.

Synovus Bank's accounts also offer various benefits, such as free notary service, printed or paperless statements, online bill pay, and more.

Synovus Bank's Relationship Money Market account comes with tiered interest rates, free notary service, and a $100 minimum deposit.

Synovus Bank's accounts are insured by the FDIC for up to $250,000.

Synovus Bank offers a range of account features that cater to different needs and preferences.

All Synovus checking accounts come with a free Synovus Bank Debit Card, unlimited and free access to all Synovus ATMs and Publix Presto! ATMs, and digital banking. You can also enjoy integration with Apple Pay, Google Pay, and Samsung Pay mobile wallet, as well as overdraft protection.

The bank's mobile app allows for mobile check deposit, Touch ID and Face ID compatibility, and access to balances and transactions. You can also use the app to pay bills, transfer money, and set up account alerts.

Here are some of the exclusive benefits offered by Synovus Bank's checking accounts:

Synovus Bank offers a variety of checking accounts, each with its own set of features and benefits.

All Synovus checking accounts come with a free Synovus Bank Debit Card, which can be used for purchases and withdrawals at Synovus and Publix ATMs.

Digital banking is also available for all checking accounts, allowing you to manage your finances online.

A $100 minimum opening deposit is required for all checking accounts.

The basic checking account has no monthly service fees, making it a great option for those who don't want to worry about fees.

The Preferred Account earns tiered interest rates and comes with exclusive benefits, including a $2 convenience credit when you register for My Synovus Digital Banking.

To waive the $25 monthly fee on the Preferred Account, you can maintain a daily balance of $5,000 or $15,000 in combined interest-bearing accounts.

The Gold Checking account also comes with exclusive benefits, including unlimited checks and free notary services.

The Military Checking account is designed specifically for veterans and can be waived with a monthly direct deposit of $1 or more from your Defense Finance and Accounting Services (DFAS) paycheck.

Here's a breakdown of the checking account options:

Synovus Bank offers a variety of money market accounts with tiered interest rates. You'll need to contact the bank to get the current rates, but rest assured that they're competitive.

The Relationship Money Market account has a $100 minimum deposit and requires a $2,500 relationship balance to avoid a $10 monthly fee. This fee can be waived if you maintain a certain balance.

One of the benefits of the Relationship Money Market account is that it comes with free notary service, which can be super convenient if you need to sign important documents. Deposits are also insured by the FDIC for up to $250,000.

If you're looking for a money market account with higher interest rates, Synovus Bank has another option that requires a minimum deposit of $10,000. This account also comes with a $15 monthly fee, but you can waive it by maintaining a daily balance of at least $20,000.

Here's a quick rundown of the minimum deposits and fees for Synovus Bank's money market accounts:

Synovus Bank's money market accounts also come with some limitations on transactions, including checks, pre-authorized transactions, and transfers. You're limited to six of these transactions per month or statement cycle, and excess transactions will incur a $15 fee.

Opening an IRA with Synovus Bank requires a ledger balance of $1,000 every 12 months to avoid a $25 annual maintenance fee.

You can open a Personal Choice IRA with no minimum deposit, which is a great option for those just starting out with their retirement savings.

There's no monthly maintenance fee for this account, but you will need to meet the $1,000 balance requirement to avoid the annual fee.

Six free withdrawals or transfers are allowed per month, making it easy to access your funds when needed. Each additional transaction incurs a $15 fee.

Here's a quick rundown of the IRA requirements at Synovus Bank:

Mobile banking is a convenient way to manage your finances on the go. You can access your account through the My Synovus online banking service.

This service offers a range of features, including bill pay, money transfers, and account alerts. You can also access your balances and transactions easily.

The mobile app takes it a step further, allowing you to deposit checks remotely using your smartphone. It's also compatible with Touch ID and Face ID for added security.

You can download the My Synovus app on both iOS and Android devices, giving you flexibility and accessibility.

If you're considering opening an account with Synovus Bank, it's essential to understand their fee structure. Synovus Bank has a broad fee schedule, with most deposit accounts coming with some type of fee.

Some fees, like the $50 monthly fee on the Inspire Checking account, can be avoided by meeting minimum balance requirements. To waive this fee, you'll need to have combined balances on deposit of at least $100,000.

Synovus Bank also has a litany of service fees, including a $25 fee for closing a savings or money market account within six months of opening, and a $2.50 withdrawal fee from a non-Synovus ATM.

Here's a breakdown of some of the fees associated with Synovus Bank accounts:

It's worth noting that many of these fees can be avoided by meeting specific requirements or maintaining a minimum balance.