Synchrony | Company Profile (2024)

FAQs

What is the company profile of Synchrony? ›

Synchrony's Diversified & Value sales platform provides comprehensive payments and financing solutions with integrated in-store and digital experiences through large retail partners who deliver everyday value to consumers shopping for daily needs or important life moments.

More about Synchrony: Synchrony Bank is owned by Synchrony Financial, a Stamford, Connecticut-based consumer financial services company. GE Capital Retail Bank took on the name Synchrony Bank in 2014.

*Note: On June 2, 2014, GE Capital Retail Bank changed its name to Synchrony Bank and is part of the GE Capital Retail Finance business.

We've earned accolades from NerdWallet and Bankrate for our great rates, innovation, security, diversity and more. We were recognized for Best CD Accounts, Best Money Market Accounts and Best Online Banks in 2024. Forbes recommended us for high yields on savings and flexible access to funds.

Synchrony Bank is a solid online bank with competitive interest rates on savings, money market, and CD accounts. It is a good option for consumers who are happy with their current checking account but want to earn a higher rate of interest on their savings.

Is Walmart connected to Synchrony Bank? No, Walmart is no longer connected to Synchrony Bank. The Walmart credit cards were issued by Synchrony in the past, but the partnership between the two ended in 2019, following a lawsuit.

Synchrony has an overall rating of 4.2 out of 5, based on over 2,444 reviews left anonymously by employees. 84% of employees would recommend working at Synchrony to a friend and 82% have a positive outlook for the business. This rating has been stable over the past 12 months. Does Synchrony pay their employees well?

Synchrony interviews FAQs

Is it hard to get hired at Synchrony? Glassdoor users rated their interview experience at Synchrony as 60.2% positive with a difficulty rating score of 2.64 out of 5 (where 5 is the highest level of difficulty).

U.S. hourly employees receive over $20 per hour minimum wage. Synchrony has paid hourly frontline associates bonuses every year since launching its performance plus bonus program. The company also paid a special one-time bonus in 2023 for full-time hourly employees to help alleviate the impacts of inflation.

What is the dress code for Synchrony Bank? ›

Causal! You can wear jeans and a t shirt everybody if you want to as a customer service representative.

Synchrony Bank ordered to pay more than $3 million to resolve civil enforcement action involving frequent or harassing calls to consumers.

In summary, I am eager to work at synchrony.com because of its strong values, commitment to employee growth, and impact-driven approach. I am confident that my skills, experience, and passion make me a strong fit for the company, and I am excited about the opportunity to contribute to the success of synchrony.com.

Synchrony Financial is a consumer financial services company headquartered in Stamford, Connecticut, United States.

According to Smartkarma Smart Scores, Synchrony Financial has a positive long-term outlook. The company received high scores in resilience and growth, indicating that it is well-positioned to weather economic challenges and continue expanding its business.

The Amazon Secured Card and Amazon Prime Secured Card, issued by Synchrony Bank, are unique credit cards each with two sets of features – the Secured Card features and the Store Card features. The two credit features have some different rates, fees and rewards.