What kind of account is One Cash?
One Cash accounts, which includes a Debit and a Savings section, are demand deposit accounts, commonly referred to as checking accounts. While your Primary Savings, savings pockets, and goals might feel like separate savings accounts, they are all part of your One Cash account.
Is One Cash FDIC insured?
One is financial technology company, not a bank. Banking services through One are provided by Coastal Community Bank, Member FDIC. Approved deposit accounts are FDIC insured up to $250,000 per depositor through pass-through insurance at Coastal Community Bank, Member FDIC, if certain conditions have been met. FDIC insurance applies to the failure of an FDIC-insured bank.
Who is Coastal Community Bank?
One has partnered with Coastal Community Bank to provide banking services. As the banking provider, Coastal Community Bank is the bank where your account is held.
Although Coastal Community Bank holds your funds, One services your account. If you have any issues or questions, please contact One Customer Service or say Agent in Chat to be connected to a One Specialist.
If you connect your One Cash account to another financial institution to transfer funds, your account’s Routing and Transit Number (RTN) may be presented as One Finance, Coastal One Finance, or Coastal Community Bank.
What fees are there with a One Cash account?
The following fees apply to your One Cash account, as provided in the Deposit Account Agreement. Some fees can be avoided when you become a customer with One Cash+ benefits by receiving $500 or more in eligible direct deposits per month.
| Fee Type | With One Cash+ | Without One Cash+ |
| Monthly Fee | $0 | $0 |
| Overdraft Fee | $0 | $0 |
|
One ATM Fee (Use of ATMs may incur fees charged by the ATM providers. International ATM withdrawals may be subject to foreign transaction fees.) |
$0 (at Allpoint Network ATMs, which can be found in the One app) $3.00 (for all other ATM withdrawals) |
$3.00 |
| Over the Counter (OTC) Withdrawal Fee | $0 | $3.00 |
| Barcode Cash Fee (Withdraw Cash at Walmart) | $0 |
$3.00 |
| Mail a Check Fee | $0 | $3.00 |
|
Bill Pay Fee (for each bill paid through the Bill Pay feature, powered by Papaya Pay) |
$0 | $3.00 |
| Bank transfer to a linked account via Debit OCT (Instant Transfer) Fee | 1.75% of the transaction amount (minimum fee of $0.25 per transaction) | |
| One Debit Card Replacement Fee | $0 | $3.00 |