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Checking, savings, and debit cards for individuals—opened inside your app, under your brand, on FDIC-insured accounts held at our partner banks. Synswi handles identity verification, account opening, and money movement through the same API your team already builds on.
Consumer accounts are not business accounts with the paperwork removed. The identity checks are different, the volumes are higher, the balances are smaller, and the expectations around speed and support are steeper. Synswi runs the consumer version of the program rather than asking you to adapt a business one.
Product and operations teams at platforms whose end users are individuals rather than companies—payroll and earned-wage access providers, gig and creator marketplaces, lending and savings products, benefits administrators, and any product where the person on the other side needs somewhere to receive, hold, and spend money.
Most platforms start by pushing money out to accounts their users already have. It works, but it puts the useful part of the relationship somewhere else. The user gets paid, moves the money to their own bank, and the balance—along with the reason to come back—leaves your product.
Building the alternative is not a small project. It means finding a sponsor bank, standing up consumer identity verification, delivering the disclosures a consumer is owed, handling disputes on a clock, and supporting people who have questions about their own money. Each of those is a program, not a feature.
The result is that a lot of platforms know exactly what they want to offer their users and stop at the part where they would have to become a bank to do it.
Your user creates an account the way they always have—in your app, under your brand. Nothing redirects them to a third-party bank portal, and the account opening happens as part of the flow they are already in.
Identity verification for an individual is different from verifying a business—no EIN, no incorporation documents, no beneficial ownership chain. Synswi runs the checks required for a consumer, screens against watchlists, and opens an FDIC-insured account held at our partner bank.
Direct deposit arrives via ACH. Transfers move between the user's accounts or out to a linked external account. A virtual or physical debit card spends against the balance. Savings sit in a separate interest-bearing account, with automated transfers if the user wants them.
Balances and transactions are available in real time through the same API your team already uses. Agents handle the recurring work—categorizing activity, triggering scheduled transfers, flagging anomalies—so your support team is not the first line for routine account questions.
A courier finishes their shift at 9:00 PM. Instead of waiting for a Friday transfer into an outside bank, their earnings land in a checking account they opened during onboarding—inside the same app they use to pick up work. They spend against it that evening with the debit card already in their wallet. A standing rule moves ten percent into a separate savings account each time they get paid.
For the platform, the balance stays in the product, the payout is instant instead of batched, and the courier has a reason to come back that has nothing to do with the next shift.
Consumer account programs are scoped during onboarding. Pricing depends on the number of accounts opened, card volume, the rails you need, and how much of the servicing experience you want Synswi to run. Reach out to discuss your use case and get a quote.