OnePay (formerly ONE)
OnePay (formerly ONE) Banking
By Alex Compton · Last verified
App-based checking and savings with Walmart cash access and optional card rewards
Insurance: Conditional FDIC pass-through coverage up to $250,000 per depositor at Coastal Community Bank or Lead Bank, Members FDIC, and applicable sweep banks; covers insured bank failure, not OnePay failure
Account Terms History
A dated record of APY, fees and opening requirements. New changes append to this table; prior terms remain visible.
| Observed | APY / yield | Monthly fee | Minimum | Evidence |
|---|---|---|---|---|
| 2026-10-23 | 0.00% on Checking; 3.35% variable APY on Savings with no minimum balance (rate schedule effective October 13, 2026) | $0 | None | OnePay October 13 rate schedule and current deposit agreements →Clarified selected-category rewards rather than a total rewards cap; verified Walmart cash methods and limits, partner-bank structure, savings and fees, conditional overdraft, and separate paid Advance pricing. |
| 2026-10-12 | None on spending balance; 3.35% on all Savings balances with no deposit hurdle shown (as of 8/1/2026) | $0 | None | OnePay banking and savings page →Savings shown as 3.35% APY on Savings balances with no qualification tier (APYs as of 8/1/2026); partner banks now Coastal Community Bank or Lead Bank; fee-free overdraft up to $200 with $500+ direct deposits; cash back is a monthly category choice on up to $150 |
| 2026-06-11 | None on spending balance; 3.35% on savings with $500+ monthly direct deposit or $5,000+ balance, 1.00% otherwise | $0 | None | Archive record · no attached snapshotLegacy snapshot before event-level evidence attachments |
Primary-source verification log
Append-only evidence ledger- changed
Correct selected-category reward cap, Walmart cash methods and limits, partner-bank structure, fee-free overdraft versus paid Advance, and account ownership.
Fields: tagline, fdic, plans, features, atm, pros, cons, ourTake, bestFor, url, sections, faqs, termHistory, lastVerified
OnePay current rate schedule, banking disclosures and deposit agreements → - confirmed
Confirmed fintech structure, Coastal Community Bank or Lead Bank, no joint accounts and teen authorized-user option.
About OnePay Banking → - changed
Replaced obsolete three-pocket limit with up to 25 Savings Goals for eligible debit or Builder Card users.
Fields: features, cons
OnePay Savings and Goals → - changed
Confirmed 3.35% variable Savings APY, 0% Checking, no minimum balance, zero monthly fee, $3 outside Allpoint and 1.75% instant-transfer fee with $0.25 minimum; updated review and FAQs.
Fields: lastVerified, apy, atm, sections, faqs
OnePay October 13 rate and fee schedule → - changed
3.35% APY on all Savings balances with no hurdle shown (as of 8/1/2026); partner banks Coastal Community or Lead Bank; overdraft up to $200 with $500+ DD
Fields: tagline, apy, fdic, plans, features, pros, cons, ourTake
OnePay banking and savings page →
Plan Options
OnePay Banking
$0
0.00% Checking; 3.35% variable Savings APY
- ▸No minimum opening balance or monthly account fee
- ▸Checking and Savings are sections of one deposit account
- ▸Debit or eligible Builder Card access; separate card terms apply
Features
- ▸Up to 25 Savings Goals with a OnePay debit or Builder Card
- ▸Direct deposits may arrive up to two days early, depending on employer timing
- ▸Walmart cash services through participating locations shown in the app
- ▸Select Walmart, gas or dining monthly for 3% back on the first $150 of eligible category spending, earned as points
- ▸Eligible adults with $500+ qualifying direct deposits in the current or previous month can access fee-free overdraft up to their approved limit, at most $200
Pros
- +Savings earns 3.35% variable APY without a minimum balance requirement
- +Walmart cash access can suit people who receive cash income
- +No monthly account fee
- +Savings Goals separate money earmarked for different expenses
Cons
- −Checking earns no interest
- −The selected 3% category covers only $150 of eligible monthly spending
- −Cash services depend on location, method and account limits
- −No joint accounts; teen authorized users are a different arrangement
Our Take
OnePay is worth comparing if you want app-based spending and savings plus a convenient Walmart cash location. Its small selected-category rewards allowance should be a secondary benefit: 3% of $150 is $4.50, before any separate offers. Check your local cash service and withdrawal limits before moving regular income. For joint ownership or in-person account servicing, start with a provider that supports those needs. OnePay services the account while a partner bank holds the deposit.
Best for: Individual account owners who value Walmart cash access and app-based savings
Open at OnePay (formerly ONE) →Last verified 2026-10-23
Is OnePay a bank, and which bank holds your money?
OnePay is the app and account servicer. Coastal Community Bank or Lead Bank provides the deposit account; Checking and Savings are sections within it. In the app, open Checking or Savings, tap Settings and scroll down to identify your bank. Pass-through FDIC protection depends on conditions being met and protects against failure of an insured bank, not failure of OnePay.
OnePay account structure and banking partners →Savings interest versus money available to spend
The October 13, 2026 schedule lists 3.35% variable APY for Savings and 0.00% for Checking, with no minimum to earn the published rate. Interest accrues daily and is paid monthly. Keep near-term spending needs in mind when moving money: a savings rate does not apply automatically to the balance used for card purchases.
OnePay rates and fees, effective October 13, 2026 →How Walmart cash deposits and withdrawals work
Use the app to find a participating location and available method. At Walmart, go to the Money Center or Customer Service desk with valid identification and the required card or in-app barcode. The Coastal agreement lists cash deposits up to $999 per transaction and $3,000 per day, subject to retailer limits. These cash services do not make Walmart a full-service bank branch.
Coastal Community Bank deposit agreement, cash services →Cash withdrawal limits depend on the method
The Lead agreement lists ATM withdrawals up to $500 per day. Walmart debit-card withdrawals allow up to $999 per transaction, three transactions daily; available barcode withdrawals allow up to $999 per transaction and $3,000 per day. Account restrictions and retailer limits can be lower. Check the app before relying on a large cash withdrawal.
Lead Bank deposit agreement, transaction limits →What the $150 rewards limit actually means
Choose Walmart, gas or dining in the app each month. The selected category earns 3% on its first $150 of eligible spending after selection, then one point per $10 for the rest of the month. The 3% portion therefore yields at most $4.50 in advertised cash-back value. Other offers have their own terms; $150 is not a cap on all OnePay rewards. Rewards are points, with at least 25 needed for redemption.
OnePay banking rewards and category rules →Fee-free overdraft is separate from OnePay Advance
Fee-free overdraft requires age 18 or older and at least $500 of qualifying direct deposits in the current or previous month. Your approved limit can be below the advertised $200 maximum. If both are enabled, Savings Backup uses available savings before overdraft. Protection applies to Primary Checking, not created Spending Pockets. An overdraft is repayable, not a bonus; OnePay says the balance is due immediately.
OnePay Savings Backup and overdraft eligibility →Fees to check beyond the monthly account fee
The account has no monthly fee, but non-Allpoint ATM use costs $3 before possible operator charges. Instant transfers cost 1.75%, with a $0.25 minimum. Paid OnePay Advance charges 3% for accounts opened on or before August 20, 2026, or 5% for accounts opened later. Retail Card purchases have a separate $1 purchase fee and conditional one-time $12 inactivity fee; those are not a general monthly charge on every app account.
OnePay fee and Retail Card supplemental schedules →Savings Goals, Spending Pockets and joint ownership
Debit and Builder Card users can create up to 25 Savings Goals. Builder Card users can also create up to 25 Spending Pockets, but those pockets cannot use a physical card, ATM withdrawals, barcode cash deposits or overdraft protection. Budgeting compartments do not create joint ownership: OnePay does not offer joint accounts. Adding a teen as an authorized user is a separate family feature.
OnePay Checking, Spending Pockets, Savings and Goals →Frequently asked questions
Is OnePay a bank?
No. OnePay services the account; Coastal Community Bank or Lead Bank holds the deposit. Eligible deposits have conditional pass-through FDIC coverage.
Does OnePay require direct deposit for its savings APY?
The October 13, 2026 schedule lists 3.35% variable Savings APY without a minimum balance requirement. Checking earns 0.00%. Overdraft eligibility is separate.
Can I deposit cash at any Walmart register?
Use a participating location shown in the app and go to its Money Center or Customer Service desk with identification and the required card or barcode. Availability and limits apply.
Is all OnePay cash back limited to $150 of spending?
No. The $150 spending limit applies to the selected monthly 3% category. Other rewards have separate terms, and category earning continues at a lower rate after that limit.
Does $500 in direct deposits guarantee $200 of overdraft?
No. Qualifying deposits are an eligibility condition, while your approved limit and eligible transactions determine access. The maximum advertised fee-free limit is $200.
Does OnePay offer joint accounts?
No. A teen authorized user and separate Savings Goals do not provide joint account ownership.
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