Synchrony Bank is a consumer based financial organization based in Stamford, Connecticut, United States known for its commitment to safe and efficient banking. It is one of the six original members of the New England Association of Banks. They are also one of the eight members of the National Association of Wholesale Banks and the tenth member of the American Society of Retail Bankers. The Synchrony Bank was established in 1873 by a group of hard workers that included a financial planner, a patent agent, a chartered accountant, a grain trader and a merchant banker. The first twenty-nine members of the board of directors had backgrounds in banking, including experience in both private and public lending.
Today the company still practices the original values of the age-old institution it is known for. They offer savings products such as interest-bearing investments, treasury bills, saving accounts, money market accounts, and credit card accounts. They also offer a diverse array of home equity loans, lines of credit, travel credit, lines of credit and merchant cash advances. Most of their small business financing services are non-interest bearing. The Synchrony Bank also serves a purpose for many consumers in the following ways:
They provide their customers with a great selection of home and auto equity loans for every type of consumer imaginable. Retailers can sell stock, certificates of deposit (CD's), or retail purchase credit cards. These various financial products are available to retailers through the Synchrony Bank website. Retailers can choose from a wide variety of credit card options including Visa and MasterCard.
They have a good selection of store cards. Many retailers that have a location in a number of cities or towns may find having all of the store cards from the Synchrony Bank is useful. They offer store cards that give the option of using store cards for purchases at a number of locations, which can save the customer time and money when they need to pay for multiple items. Some Synchrony Bank store cards allow customers the flexibility of paying for items in store or online. Additionally, the store cards offered by this bank can be used to consolidate any number of cards that customers own and can be held on file for easy access.
This bank also offers a variety of consumer financial products for individuals and small businesses. They offer merchant cash advances, merchant accounts, home equity loans, lines of credit, . . . . . . and consumer credit cards. The synchrony bank offers many different types of consumer credit cards that have different benefits and interest rates. The consumer credit cards can be used for making purchases at grocery stores, department stores, drugstores, gas stations, and many other types of retail stores. The consumer credit cards are also beneficial when traveling, going on an international trip, or when making payments online.
As you can see, this bank has something for everyone. Their aim is to make things easier for their customers by offering the best credit cards and loans to them. By finding the right card, the customer can be sure to make their purchases at stores, restaurants, and other retail outlets safely and easily.