Talk of The Villages Florida - View Single Post - Synchrony Bank accounts
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Old 08-29-2024, 06:30 AM
dcianciolo dcianciolo is offline
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Quote:
Originally Posted by villagetinker View Post
Over the last several months several stores we deal with have been using or changed to using Synchrony Bank, which has in turn imposed a $2 per statement fee unless you use paperless banking.
Here is my question: if your account has a zero balance and you have not signed up for the paperless banking do you still get a $2/monthly charge?
My analysis is that I can use my money back credit card instead of the store card and come out ahead on most accounts and most months. Based on this I am planning on dropping most if not all of the store credit cards and just use the money back card.

Thank you for your info and thoughts.
Unfortunately that paper reminder is going to be history. Anytime I miss the "going paperless" notification from a company and receive that $2 charge, I call them and have them waive the fee.