1) Print out this form. All owners must sign below.
2) You indicated that your initial deposit amount will total $5,000.
If you chose random payment verification to validate the external account from which your initial deposit will be made, you have authorized Synchrony Bank to credit your external account with two small payments (between 1 and 50 cents). Allow up to 2 days for these payments to be made to your external account. To complete the process, you must verify the amounts of these payments online within 60 days of the date that you elected random payment verification. To verify the amounts, select External Accounts and then select Pending External Accounts. Once verified it may take up to 48 hours for your initial electronic transfer to be credited to your account. Funds will be available for withdrawal 5 business days after the transfer takes place. By completing the random payment verification process, the external account will be registered for future quick and easy electronic transfers to/from Synchrony Bank.
If you are mailing a check:
- Make the check payable to 'Synchrony Bank'. (Please, no third party checks or money orders)
- Include your Synchrony Bank account number on your check
3) Mail this signed form to: Synchrony Bank, PO Box 11623, Newark, NJ, 07101-4623
Upon receipt of your opening deposit, you will receive your ATM card and checks (if applicable) in 7-10 days. Please note:
Interest does not begin to accrue on your account until your deposit has been processed by the Bank.