Synchrony Bank Trial Deposit
Trial deposits are simply test deposits we make into the account you are using to fund your new HSBC Direct account. It’s a way for us to verify that you’re the account owner. We start by making two small deposits to that account, usually for less than $1.00 each. To verify your trial deposits: • Look for an e-mail from HSBC Direct within three business days of submitting your application, notifying you that we’ve made the trial deposits to your account. • Check the values of the two deposits either online or by calling the bank where you have your funding account. • Information about any loans or mortgages that you may have to help us confirm your identity. • Confirm your deposits at HSBCDirect.com. Choose “Resume Application,” then “I would like to sign in to an existing application.” Follow the instructions to confirm your deposits. • Enter the amounts carefully. You’ll have three chances to do so correctly. After that, you’ll need to fund your account by mailing a check.
- Security deposit: Minimum of $100, maximum of $1,000. (This refundable deposit must be made with Synchrony Bank.) The amount of your deposit will be your credit limit. New-cardmember offer:A $10.
- You can make the security deposit via an electronic funds transfer using your bank account details, or by sending a check or money order to Synchrony Bank. If you have trouble submitting your security deposit, contact Synchrony Bank at 1-855-597-4893.
- Synchrony Bank is an award-winning online bank offering a variety of products including high yield savings accounts, certificates of deposit and money markets.
(WBRC) - Heads up if you got an email saying “a trial deposit has been successfully made to your Amazon CreditBuilder” or “action required on your application.' Synchrony Bank was responsible for the emails and text messages and and the bank is now apologizing for what it being called a “glitch.”. Mobile check deposit via the Synchrony Bank mobile app. Sign into the app, tap the Deposit tab, select your account and take a picture of the check on your mobile device or tablet. The amount of a mobile check that you can deposit is currently limited to $10,000 USD per account.
When adding an account you own at another financial institution, we must verify ownership of the account. To do that, we will make small deposits into the account and ask you to confirm the deposit details back to us.
