ONE Finance, Inc.

ONE Finance is a mobile banking platform backed by Walmart and available to a broad consumer audience. It is not a bank itself. Banking services are provided through Coastal Community Bank, which is FDIC-insured. ONE offers an integrated spending and savings account accessible through a smartphone app, with no monthly fees and no minimum balance requirements.

ONE's account structure combines spending and savings in one place. You can organize your money into pockets, which are separate savings buckets within the same account for different goals or expense categories. Some savings pockets earn interest when qualifying conditions are met, such as receiving direct deposits above a minimum threshold.

ONE also offers an installment payment feature called ONE Pay Later, which allows eligible customers to split qualifying purchases into multiple payments. This is a form of buy now pay later functionality built into the account. Consumers should read the terms of any deferred payment feature carefully, including any fees or interest that may apply if payments are not made on time.

Early direct deposit is available for eligible customers with qualifying payroll, allowing pay to be available up to two days before the scheduled deposit date.

Because ONE is backed by Walmart, it may be particularly accessible and convenient for consumers who regularly shop there and are interested in integrating their banking with their retail spending. However, the product is available to any consumer, not only Walmart shoppers.

Review all current account terms, savings rate conditions, and any fees associated with the ONE Pay Later feature before opening an account. Features and terms for ONE Finance products can change, so verify current information directly with ONE before signing up.