Who Is ZYNLO Bank?
ZYNLO Bank is a modern, digital‑only banking experience created by PeoplesBank — a community bank with more than 135 years of history serving customers throughout Massachusetts and beyond. Launched in 2020, ZYNLO was built to make banking simpler, faster, and more accessible for people nationwide.
A Digital Bank With Real‑World Roots
While ZYNLO operates entirely online, it is a division of PeoplesBank, a well‑established, FDIC‑insured community bank headquartered in Holyoke, Massachusetts. That means customers get the convenience of mobile‑first banking supported by a trusted financial institution with decades of experience.
What ZYNLO Offers?
ZYNLO provides a full suite of high‑yield deposit accounts designed for people who prefer online, app‑driven banking without the hassles of minimums or fees.
✔ High‑Yield Checking
ZYNLO’s More Spending checking* account earns interest, charges no monthly fees, offers Early Payday**, and comes with access to more than 55,000 fee‑free ATMs nationwide.
✔ High‑Yield Savings
The Tomorrow Savings+ account delivers a competitive Annual Percentage Yield (APY), no minimum opening deposit, no monthly fees, and goal‑setting tools that make it easier to build strong savings habits.
✔ Money Market Accounts
ZYNLO’s money market^ account offers a strong APY with no balance caps — meaning customers earn the full rate regardless of how much they have saved.
✔ Certificates of Deposit
For savers looking for fixed rates, ZYNLO offers flexible, fixed‑rate CDs‡ with no minimum opening balance. 6, 12, 18 and 24 month terms are available!
What Makes ZYNLO Different?
ZYNLO focuses on features people actually use — not bank jargon. Some of the most popular tools include:
✔ ZYNG Round‑Up Savings & Match‖
Every debit transaction is rounded up to the nearest dollar and the spare change is moved into savings. ZYNLO matches those round‑ups — giving customers a powerful, automatic way to grow their savings.
✔ Early Access to Direct Deposit
Get paid up to two days early with Early Payday**.
✔ 100% Digital Banking
Open an account, send money, deposit checks, and track spending — all from the mobile app or online banking.
✔ No Monthly Fees, Ever
ZYNLO doesn’t charge maintenance fees or require minimum balances on its core deposit accounts.
✔ Spanish Support & Extended Hours
Live support is available in both English and Spanish, with longer hours than many online‑only banks.
Why ZYNLO Was Created?
As people’s financial lives continue to shift to mobile-friendly, always‑available digital platforms, PeoplesBank wanted to create a banking experience built for that lifestyle from the ground up. ZYNLO was designed as a clean, intuitive, tech‑forward banking option — especially appealing to customers who prefer managing money through their phone instead of a branch.
Who ZYNLO Is Designed For?
ZYNLO is a great fit for people who want:
- A simple, all‑digital banking experience
- High‑yield accounts without minimums
- Faster access to their paycheck
- Automated savings tools
- Fee-free everyday banking
- A modern app backed by a stable, trusted bank
Summary
ZYNLO is a fully digital bank experience designed for people who want high‑yield accounts, useful automation, and zero monthly fees—without giving up the security of a longstanding, FDIC‑insured institution. You get modern tools like ZYNG and early pay, app‑first convenience, and human support when you need it—backed by PeoplesBank’s 135+ years of banking experience.
Frequently Asked Questions
Is ZYNLO a real bank?
ZYNLO is the digital‑only division of PeoplesBank. Accounts are opened through PeoplesBank, and deposits are FDIC‑insured within applicable limits.
What is ZYNG, exactly?
ZYNG rounds each debit purchase up to the nearest dollar and moves the spare change into your savings. ZYNLO then matches those round‑ups (per program terms), helping you save more automatically. See our Terms and Conditions for more information.
Do you charge monthly maintenance fees or require minimum balances?
No monthly maintenance fees and no minimum balance requirements on our core checking, savings, and money market accounts.
How do I get paid early?
If your employer/payroll provider sends your direct deposit in advance, we release your funds up to two days early**. Timing varies by employer.
Are there branches?
No, ZYNLO is 100% digital—that’s how we keep things simple and pass value back to you with high APYs and no monthly fees.
How do I access cash?
Use 55,000+ fee‑free ATMs nationwide (Allpoint® network). Fees may apply outside the network.
Do you offer CDs?
Yes—fixed‑rate CDs with no minimum opening balance. Terms and APYs can change, so check current rates in the app or on our website.
Is there Spanish‑language support?
Yes—English and Spanish support, plus extended customer service hours.
What if I need help?
Reach a real person during extended hours via phone, secure message, or chat in the app.
*More Spending Account: There is no minimum deposit required to open this account. The minimum balance to earn the Annual Percentage Yield (APY) is $0.01. APY is subject to change without notice. Fees may reduce earnings on an account. There is no monthly maintenance service charge, regardless of your balance. Competitive rates are reviewed periodically. See current rates here.
+Tomorrow Savings Account: There is no minimum deposit required to open this account. The minimum balance to earn the Annual Percentage Yield (APY) is $0.01. APY is subject to change without notice. Fees may reduce earnings on an account. There is no monthly maintenance service charge, regardless of your balance. Competitive rates are reviewed periodically. See current rates here.
^ZYNLO Money Market Account: There is no minimum deposit required to open this account. The minimum balance to earn the Annual Percentage Yield (APY) is $0.01. APY is subject to change without notice. Fees may reduce earnings on an account. There is no monthly maintenance service charge, regardless of your balance. Competitive rates are reviewed periodically. See current rates here.
‡ZYNLO Certificate of Deposit: There is no minimum deposit required to open this account. The minimum balance to obtain APY on Certificates of Deposit is $0.01. CD rates are fixed for the term of the account. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). A penalty may be imposed for early withdrawal from a CD and is based on the maturity term and could reduce earnings. Transaction Limitations apply. Refer to the Important Terms and Conditions, Certificate of Deposit Accounts – Truth In Savings Disclosure for the early withdrawal penalties and additional information. Must be 18 or older to open an account. Refer to the ZYNLO Rate Sheet for current rates.
‖ZYNG automatically rounds up debit card purchases to the nearest dollar and transfers that amount from your ZYNLO More Spending Account into your ZYNLO Tomorrow Savings Account. ZYNG will match roundups at 100% for the first 100 days. After the first 100 days, ZYNG will match roundups at 100% if your More Spending Account had an average daily balance (ADB) of at least $3,000 in the previous statement cycle. If your ADB was below $3,000 in the previous statement cycle, roundups will be matched at 25% for the current statement cycle. After not qualifying, you can return to the 100% match if the minimum ADB is met. Matches are applied in real time, and your match percentage is recalculated each month based on the ADB from the prior statement cycle. ZYNLO More Spending with ZYNG Round Up and Match return is estimated using $3,000 average daily balance, 20 monthly transactions, an average of $0.44 per roundup, and 100% match. ZYNLO reserves the right to monitor and assess ZYNG Match transactions for unusual and unnatural use of this benefit. At our sole discretion, ZYNLO may determine that an account has displayed unusual or unnatural use of the ZYNG benefit. Once an account has been identified for using ZYNG in an unnatural manner based on typical customer behavior, ZYNLO reserves the right to (1) remove the account from any and all promotions and campaigns, (2) implement a pause, or pursue closure of the account, and (3) reclaim any ZYNLO Match contributions associated with transactions deemed unnatural or in violation of the ZYNG program.
**Early Payday: Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.
