Synchrony Bank Charging for Paper Statements: What You Need to Know

Synchrony Bank is now charging customers for paper statements, a change that may come as a surprise to some. This fee is likely to be a flat rate per statement.

The fee is a new addition to Synchrony Bank's list of charges, which may also include overdraft fees and late payment fees. These fees can quickly add up, so it's essential to be aware of them.

If you're a Synchrony Bank customer, you can expect to pay a fee for each paper statement you receive. This fee is likely to be a flat rate, but the exact amount is not specified in the bank's terms and conditions.

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Synchrony Bank charges a fee for paper statements, $5 per statement.

If you have multiple accounts with Synchrony Bank, you'll be charged $5 per statement for each account.

Synchrony Bank's fee for paper statements is waived for customers who opt for electronic statements.

Electronic statements are typically delivered to your email inbox within a few minutes of being processed.

Synchrony Bank's electronic statements are secure and can be accessed online at any time.

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NBC4 Investigates broke a story about Synchrony Bank charging consumers a fee for paper statements, which is a concern for many people.

Wu, an attorney, believes that paper statements are an important consumer protection because people tend to overlook electronic statements, which can lead to late payments.

The attorney pointed out that accessing electronic statements can be a hassle, requiring users to log onto a website, remember their password, and then download the statement.

Many people try to access electronic statements from their cellphones, making it even more tedious.

Wu thinks that customers should have a choice between electronic and paper statements, and that it should be free.

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