One — Mobile Banking

Editor's Review

One is a comprehensive financial technology platform designed to help you manage your money, bank smarter, and build credit, all in one convenient app! 📱 It’s not just a bank, but a complete financial solution. Banking services are provided by Coastal Community Bank, Member FDIC, ensuring your funds are protected up to $250,000.💰

With One, you can easily pay bills, manage your spending, and access a range of features designed to improve your financial health. Earn cash back on your purchases with the Debit Rewards Program†, and take advantage of exclusive deals. Sign up for your first deal and claim cash with a One Cash Account—just remember that deals expire, so check the terms at one.app/one-pay-terms.

One of the standout features is the opportunity to earn 3% cash back on purchases at U.S. Walmart locations and on Walmart.com‡. To qualify, you need to have received $500 or more in eligible direct deposits in the previous month or maintain a total account balance of $5,000 or more. This promotion is capped at $50 per year and cannot be combined with other One promotions. See the full terms at one.app/rewards-terms.

Grow your savings with a competitive 4.35% annual percentage yield (APY)Δ on your Savings balance. This high APY is available to customers who receive $500 or more in eligible direct deposits monthly or maintain a total daily account balance of $5,000 or more. Plus, you can earn this rate on Pay Autosave and ONE@Work Save balances without these requirements! The 4.35% APY is limited to a total Savings balance of up to $250,000; balances above this earn 1.00% APY. Keep in mind that APYs are as of 10/10/2024 and may change.

Get access to your direct deposit funds up to 2 days earlyʌ, depending on when your employer sends paycheck data. One also offers overdraft protection** if you’re 18 or older and have eligible direct deposits totaling at least $500 in the previous month. Overdraft balances are due right away, and One determines which transactions are eligible.

Build your credit with the Credit Builder Program+. This program helps you establish a positive credit history, though it doesn't guarantee credit score improvement. Your credit score improvement depends on your specific circumstances and financial behavior. The Credit Builder program requires eligible direct deposits of at least $500 in the previous month and is subject to approval. OneProgress Services LLC, NMLS ID 2460509. Note that One is not a credit repair service and does not remove negative credit history.

With One, you also get access to your VantageScore® 4.0 credit score by TransUnion®◊, helping you stay informed about your credit health. Enjoy the flexibility of global transfers∞, though availability may vary. Start your journey to better financial management today with One! 🚀

Features

• Pay bills and manage finances

• Bank with FDIC-insured accounts

• Build credit with Credit Builder program

• Earn cash back on purchases

• High-yield savings account

• Overdraft protection

• Early access to direct deposits

• Global transfers

Pros

• Earn cash back on debit card purchases

• Build credit with responsible use

• High APY on savings balances

• Overdraft protection available

• Early direct deposit access

Cons

• 3% cash back limited to Walmart purchases

• Requires $500 direct deposit for some benefits

• APY benefits require meeting deposit or balance thresholds