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OnePay (formerly ONE)

OnePay (formerly ONE) OnePay Cash

Walmart's banking app: 3.35% savings and 3% cash back at Walmart with direct deposit

7.8
Our Rating
APY
None on spending balance; 3.35% on savings with $500+ monthly direct deposit or $5,000+ balance, 1.00% otherwise
Monthly Fee
$0
Minimum to Open
None
ATM Access
55,000+ fee-free Allpoint ATMs plus free cash access at every Walmart

Insurance: FDIC pass-through insurance to $250,000 via Coastal Community Bank, Member FDIC

Plan Options

Base

$0

1.00% on savings

  • ▸No fees or minimums
  • ▸Pockets and debit card still included
  • ▸No cash-back program

Qualified (direct deposit or balance)

$0

3.35% on savings up to $250,000

  • ▸$500+ in monthly direct deposits or $5,000+ end-of-month balance
  • ▸3% cash back on Walmart, gas, or dining purchases (up to $150/month)
  • ▸Pay Autosave balances earn 3.35% with no requirements at all

Features

  • ▸Savings Pockets (up to 3) with their own organization and goals
  • ▸Early direct deposit up to 2 days
  • ▸Free cash deposits and withdrawals at Walmart registers
  • ▸3% cash back on Walmart purchases with qualifying direct deposit
  • ▸Backed by Walmart and Ribbit Capital; deeply integrated into Walmart checkout
  • ▸No monthly fees, no overdraft fees

Pros

  • +3.35% savings APY applies up to a generous $250,000
  • +Walmart stores double as free, ubiquitous cash deposit branches
  • +3% back at Walmart is real money for regular shoppers
  • +Pay Autosave earns the top rate with zero requirements

Cons

  • −Spending balance earns nothing; you must shuttle money to savings
  • −Cash back capped at $150/month and requires the deposit hurdle
  • −Fintech structure through Coastal Community Bank, not a charter
  • −Only three pockets, thinner budgeting than Ally or Chime

Our Take

OnePay (the rebranded ONE) is the best neobank for anyone whose financial life already runs through Walmart: free cash handling at every register, 3% back on Walmart spend, and a 3.35% savings rate that covers balances all the way to $250k. The deposit hurdle is easy at $500 a month. If you never set foot in a Walmart, most of the differentiation evaporates and SoFi or Ally serve you better.

Best for: Walmart regulars and cash-heavy earners who need free deposit access

Open at OnePay (formerly ONE) →

Last verified 2026-06-11

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