Banking Savings & Money Market Accounts

OnePay Review [2025]: High APY Savings With a Budgeting Twist

OnePay offers an innovative approach to digital banking with high APY savings and built-in budgeting tools. Still, the lack of physical branches may be a dealbreaker for those who prefer in-person banking.

By Gabriela Walsh
and Lance Cothern

Edited by Melinda Sineriz, ABFP™

Updated June 13, 2025

OnePay

OUR VIEW

OnePay¹ OnePay is a financial technology company, not a bank. Banking services provided by Coastal Community Bank or Lead Bank, Members FDIC. is a fintech that partners with Coastal Community Bank to provide FDIC-insured banking services. The company stands out for offering both checking and savings benefits through one digital wallet product. Translation: You can only open one account with OnePay, and you’re going to manage all your money in one place (online).

OnePay’s account and app are unique and rife with helpful features for your everyday life, including early access to your paychecks, cash deposits, the ability to categorize your spending and saving, and digital budgeting and savings tools. But the platform isn’t perfect, and there are limitations to how good many of its benefits can be. For instance, there are savings requirements and minimums, and debit card cash back is restricted to Walmart.

If, after reading this OnePay review, you’re not sure the company is right for you, a couple of alternatives to have on your radar are SoFi Checking and Savings and Chime Checking.

Pros

Up to 3.75% (as of 12/20/2024) APY on Savings with eligible deposits²

No minimum balance requirements or monthly fees

Integrated budgeting tools through customizable "pockets"

Cash back rewards on debit card purchases

Cons

No physical branch locations

Cash deposits can only be made at Walmart locations

$5 excess withdrawal fee after 6 transactions per statement cycle

How we evaluate products

OnePay Spend pocket: Checking


Minimum deposit to open account	None
Monthly maintenance fees	$0
Cash deposits	Fee-free cash deposits are permitted when you use your OnePay Cash debit card at Walmart
ATM access	Yes, fee-free ATM withdrawals at Walmart. Also free at 55,000+ Allpoint Network ATMs with eligible deposits³ <p element-id="3">Only applies to OnePay Cash accounts that have either (i) received <a href="https://www.onepay.com/help-center/articles/direct-deposit?%24web_only=true&_branch_match_id=1207782460763901308&_branch_referrer=H4sIAAAAAAAAAwXBQQ6AIAwEwBdB7ybGgw8hIqs0Im1KE26%2B3ZnqrmMhko4wkeOhGhv3h0CFDaeHApXBHiqabp%2Fhghn3O2WTOWDrXk1e%2FLyW8klIAAAA" style="background-color: rgb(255, 255, 255);">Direct Deposits</a> totaling $500+ in the current or previous month, or (ii) have a balance of $5,000+ at the end of the previous month. For all other ATM transactions the OnePay ATM Fee will apply and third-party ATM fees may be incurred.</p>
FDIC insured	Yes

The OnePay Spend pocket functions like a checking account but with a twist. Unlike traditional checking accounts, it allows you to create multiple sub-pockets for different spending categories. This feature can be particularly useful for budgeters who like to allocate their funds to specific purposes.

You can create custom virtual cards for each Spend pocket to make spending money easier. You can also send the number of an individual Spend pocket to someone to manage your account.

With the OnePay Debit card, you can earn 3% cash back from Walmart. You can earn on up to $150 spent per month on Walmart purchases.⁴ Cash back is earned as OnePay Points, redeemable as a deposit into a OnePay Cash account pursuant to the <a href="https://www.onepay.com/legal/onepay-rewards-terms?%24web_only=true&_branch_match_id=1207782460763901308&utm_medium=marketing&_branch_referrer=H4sIAAAAAAAAAwXBSwqAMAwFwBO12QviwoNIi09btB9eAtl5dmeK2dRFZHQER45pzvjW%2FgiE8MRTg4FNt4%2B4QNZ%2BH5nDFVz3wtHwA%2BiTVRhCAAAA" style="background-color: rgb(255, 255, 255);">OnePay Rewards Terms</a>. Only applies to OnePay Cash accounts that have either (i) received <a href="https://www.onepay.com/help-center/articles/direct-deposit?%24web_only=true&_branch_match_id=1207782460763901308&_branch_referrer=H4sIAAAAAAAAAwXBQQ6AIAwEwBdB7ybGgw8hIqs0Im1KE26%2B3ZnqrmMhko4wkeOhGhv3h0CFDaeHApXBHiqabp%2Fhghn3O2WTOWDrXk1e%2FLyW8klIAAAA" style="background-color: rgb(255, 255, 255);">Direct Deposits</a> totaling $500+ in the current or previous month, or (ii) have a balance of $5,000+ as of the last day of the previous month. This reward applies to purchases at U.S. Walmart locations and on Walmart.com only and may not be combined with other OnePay Cash promotions for cash back at Walmart.

Featured Checking Accounts

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2025 award winner Best Checking and Savings Combo

SoFi Checking & Savings - Earn Up to $300 When You Set Up Direct Deposit

Earn up to 3.80% APY⁵ and collect up to a $300 cash bonus with direct deposit or $5,000 or more in qualifying deposits.⁶ FDIC Insured.⁷

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2025 award winner Best Online Checking Account

Discover® Cashback Checking

Earn 1% cash back on up to $3,000 in debit card purchases each month.⁸ No minimum deposit or balance. FDIC Insured.

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Use Cash App As Your All-in-One Financial Services Platform

Bank⁹without all the fees—save, send, and spend your money the way you want.¹⁰ Get paid up to 2 days early – up to 2 days earlier than most banks¹¹

Download Cash App

OnePay Save pocket: Savings


APY	3.75% (as of 12/20/2024) on your savings if you receive at least $500 in direct deposits per month or maintain an account balance of $5,000 or more² <p element-id="440">3.75% (as of 12/20/2024) annual percentage yield (APY) applies to the Savings balance of OnePay Cash accounts that either (i) received $500+ of <a href="https://support.one.app/hc/en-us/articles/360053046053-Direct-deposit">Direct Deposits</a> in the current or previous month or (ii) have a  balance of $5,000+ at the end of the previous month. 3.75% (as of 12/20/2024) APY is also earned on Pay Autosave balances without deposit or balance requirements.  3.75% (as of 12/20/2024) APY is limited to a total Savings balance of up to $250,000. All other Savings balances will earn 1.00% APY. APYs are as of 12/20/2024, but may change at any time before or after account opening.</p>
Minimum balance for APY	$0
Minimum deposit to open account	$0
Monthly maintenance fees	$0
ATM access	Yes, fee-free ATM withdrawals at Walmart. Also free at 55,000+ Allpoint ATMs with eligible deposits³ <p element-id="3">Only applies to OnePay Cash accounts that have either (i) received <a href="https://www.onepay.com/help-center/articles/direct-deposit?%24web_only=true&_branch_match_id=1207782460763901308&_branch_referrer=H4sIAAAAAAAAAwXBQQ6AIAwEwBdB7ybGgw8hIqs0Im1KE26%2B3ZnqrmMhko4wkeOhGhv3h0CFDaeHApXBHiqabp%2Fhghn3O2WTOWDrXk1e%2FLyW8klIAAAA" style="background-color: rgb(255, 255, 255);">Direct Deposits</a> totaling $500+ in the current or previous month, or (ii) have a balance of $5,000+ at the end of the previous month. For all other ATM transactions the OnePay ATM Fee will apply and third-party ATM fees may be incurred.</p>
Transactions per month	Unlimited

The Save pocket offers an impressive 3.75% (as of 12/20/2024) APY, which is significantly higher what many other high-yield savings account offer. However, it's important to note that this rate is only available if you receive at least $500 in eligible direct deposits each month or maintain a total daily balance of $5,000 or more.

You can have up to three Save pockets based on different goals and even name the accounts. This can help you visualize your savings and give you another reason not to raid them.

Featured High Yield Savings Accounts

5.0

2025 award winner Best Checking and Savings Combo

SoFi Checking & Savings - Earn Up to $300 When You Set Up Direct Deposit

Earn up to 3.80% APY⁵ and collect up to a $300 cash bonus with direct deposit or $5,000 or more in qualifying deposits.⁶ FDIC Insured.⁷

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4.8

Synchrony Bank High Yield Savings - 3.80% APY

Let your money work for you with great rates: count on it. Open a High Yield Savings account with Synchrony today. Member FDIC.¹²

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OnePay Autosave pocket basics

OnePay Autosave is similar to the Save pocket, but the way you earn the higher APY is a little different. You can earn 3.75% (as of 12/20/2024) APY on balances in the account up to $250,000 with eligible deposits.² 3.75% (as of 12/20/2024) annual percentage yield (APY) applies to the Savings balance of OnePay Cash accounts that either (i) received $500+ of <a href="https://support.one.app/hc/en-us/articles/360053046053-Direct-deposit">Direct Deposits</a> in the current or previous month or (ii) have a  balance of $5,000+ at the end of the previous month. 3.75% (as of 12/20/2024) APY is also earned on Pay Autosave balances without deposit or balance requirements.  3.75% (as of 12/20/2024) APY is limited to a total Savings balance of up to $250,000. All other Savings balances will earn 1.00% APY. APYs are as of 12/20/2024, but may change at any time before or after account opening.

This feature helps you automate your savings. This can help you set aside money before spending it, which can make it a bit easier to save.

You can also turn on autosave with the OnePay card. This feature automatically rounds up your purchases to the nearest dollar, sending the change to your Savings pocket.

OnePay Debit card

As a OnePay customer, you get a OnePay Debit card. The debit card is directly linked to the OnePay Finance app, allowing you to monitor your spending and financial status easily. You can lock and unlock your card within the app, set spending limits, and receive immediate transaction notifications.

The card offers features such as round-up savings — where spare change from purchases can be automatically deposited into one of your savings pockets — and cashback rewards on eligible purchases. (More on that in a moment.)

Who is OnePay best for?

OnePay could be a good fit if you like banking through a mobile app, and the company's most niche banking features are up your alley. Specifically, I might recommend it to you if:

You're a frequent Walmart customer and use your debit card to shop.
You could benefit from built-in budgeting features in a bank account.
You don't want to open multiple bank accounts.

OnePay offers an appealing savings rate, but I wouldn't suggest opening this account solely for the savings perks unless you're 100% sure you can meet the monthly direct deposit requirement and keep your balance at or above $5,000.

If you can't, there's no shortage of savings accounts without minimums in the wild.

What we like about OnePay

Great APYs on Save and Pay Autosave: OnePay offers above-average interest rates. You can earn 3.75% (as of 12/20/2024) if you receive at least $500 in eligible direct deposits each month and/or have a total daily account balance of $5,000 or more on up to $250,000, and all other Savings balances will earn an APY of 3.75% (as of 12/20/24).² 3.75% (as of 12/20/2024) annual percentage yield (APY) applies to the Savings balance of OnePay Cash accounts that either (i) received $500+ of <a href="https://support.one.app/hc/en-us/articles/360053046053-Direct-deposit">Direct Deposits</a> in the current or previous month or (ii) have a  balance of $5,000+ at the end of the previous month. 3.75% (as of 12/20/2024) APY is also earned on Pay Autosave balances without deposit or balance requirements.  3.75% (as of 12/20/2024) APY is limited to a total Savings balance of up to $250,000. All other Savings balances will earn 1.00% APY. APYs are as of 12/20/2024, but may change at any time before or after account opening.
Earn rewards with the OnePay Debit card: You can earn 3% cash back at Walmart on up to $150 spent per month.⁴ Cash back is earned as OnePay Points, redeemable as a deposit into a OnePay Cash account pursuant to the <a href="https://www.onepay.com/legal/onepay-rewards-terms?%24web_only=true&_branch_match_id=1207782460763901308&utm_medium=marketing&_branch_referrer=H4sIAAAAAAAAAwXBSwqAMAwFwBO12QviwoNIi09btB9eAtl5dmeK2dRFZHQER45pzvjW%2FgiE8MRTg4FNt4%2B4QNZ%2BH5nDFVz3wtHwA%2BiTVRhCAAAA" style="background-color: rgb(255, 255, 255);">OnePay Rewards Terms</a>. Only applies to OnePay Cash accounts that have either (i) received <a href="https://www.onepay.com/help-center/articles/direct-deposit?%24web_only=true&_branch_match_id=1207782460763901308&_branch_referrer=H4sIAAAAAAAAAwXBQQ6AIAwEwBdB7ybGgw8hIqs0Im1KE26%2B3ZnqrmMhko4wkeOhGhv3h0CFDaeHApXBHiqabp%2Fhghn3O2WTOWDrXk1e%2FLyW8klIAAAA" style="background-color: rgb(255, 255, 255);">Direct Deposits</a> totaling $500+ in the current or previous month, or (ii) have a balance of $5,000+ as of the last day of the previous month. This reward applies to purchases at U.S. Walmart locations and on Walmart.com only and may not be combined with other OnePay Cash promotions for cash back at Walmart. In order to qualify, you need to have at least $500 of eligible direct deposits into your account each month or maintain a balance of $5,000 or more.⁴ Cash back is earned as OnePay Points, redeemable as a deposit into a OnePay Cash account pursuant to the <a href="https://www.onepay.com/legal/onepay-rewards-terms?%24web_only=true&_branch_match_id=1207782460763901308&utm_medium=marketing&_branch_referrer=H4sIAAAAAAAAAwXBSwqAMAwFwBO12QviwoNIi09btB9eAtl5dmeK2dRFZHQER45pzvjW%2FgiE8MRTg4FNt4%2B4QNZ%2BH5nDFVz3wtHwA%2BiTVRhCAAAA" style="background-color: rgb(255, 255, 255);">OnePay Rewards Terms</a>. Only applies to OnePay Cash accounts that have either (i) received <a href="https://www.onepay.com/help-center/articles/direct-deposit?%24web_only=true&_branch_match_id=1207782460763901308&_branch_referrer=H4sIAAAAAAAAAwXBQQ6AIAwEwBdB7ybGgw8hIqs0Im1KE26%2B3ZnqrmMhko4wkeOhGhv3h0CFDaeHApXBHiqabp%2Fhghn3O2WTOWDrXk1e%2FLyW8klIAAAA" style="background-color: rgb(255, 255, 255);">Direct Deposits</a> totaling $500+ in the current or previous month, or (ii) have a balance of $5,000+ as of the last day of the previous month. This reward applies to purchases at U.S. Walmart locations and on Walmart.com only and may not be combined with other OnePay Cash promotions for cash back at Walmart.

This is a unique feature. While it has a fairly low cap and some steps you need to take to qualify, every penny counts, and it adds up over time if you shop at Walmart frequently.
Customizable pockets: You can have several pockets with custom names to help you budget and save for specific purposes (e.g., a dream vacation, an emergency fund, and so on).
No monthly fees: Unlike many traditional banks, OnePay doesn't charge monthly fees.
Early payday: You may get your paycheck up to two days early when you set up direct deposit.¹³ <a href="https://www.onepay.com/help-center/articles/direct-deposit?%24web_only=true&_branch_match_id=1207782460763901308&_branch_referrer=H4sIAAAAAAAAAwXBQQ6AIAwEwBdB7ybGgw8hIqs0Im1KE26%2B3ZnqrmMhko4wkeOhGhv3h0CFDaeHApXBHiqabp%2Fhghn3O2WTOWDrXk1e%2FLyW8klIAAAA" style="background-color: rgb(255, 255, 255);">Direct Deposit</a> is required. Funds may be available up to 2 days in advance, depending on when your employer sends paycheck data This feature has become something I look for in an account because getting my paycheck early really comes in handy.
Bill pay: OnePay's bill pay feature allows you to manage and pay bills directly from the app easily. You can schedule one-time or recurring payments, track your payment history, and receive reminders to ensure bills are paid on time.

What OnePay could improve

Balance limits for APYs on save pockets: The higher APY is only available if you receive at least $500 in eligible direct deposits each month and/or have a total daily account balance of $5,000 or more, and only up to $250,000.
No physical locations: OnePay is an online-only technology solution and has no branches.
Limited customer service hours: You can't call customer service 24/7 as you may be able to with some larger institutions. Live chat is available 24/7, but phone support is only available on weekdays from 9 a.m. to 9 p.m. Eastern.

Alternatives to OnePay

If OnePay doesn't seem like the best fit for you, here are two alternatives to consider.

OnePay vs. SoFi®

If the idea of keeping your spending and saving money together appeals to you, but OnePay feels like it's lacking or not the right fit, I'd suggest you consider SoFi. The fintech's deposit product is called SoFi Checking and Savings, and it combines checking and savings features into one convenient account. Perks include early paycheck access with direct deposit¹⁴ Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary. and interest on both savings and checking.

SoFi Checking and Savings, like OnePay, has some direct deposit requirements to qualify for the highest APYs. You can earn 0.50% (as of 01/24/25) APY⁵ SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at <a href="http://www.sofi.com/legal/banking-rate-sheet">http://www.sofi.com/legal/banking-rate-sheet</a>. See the SoFi Plus Terms and Conditions at <a href="https://www.sofi.com/terms-of-use/#plus">https://www.sofi.com/terms-of-use/#plus</a>. on checking balances and up to 3.80% APY on savings balances with qualified direct deposit (or 1.00% (as of 01/24/25) APY on savings balances without direct deposit)⁵ SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at <a href="http://www.sofi.com/legal/banking-rate-sheet">http://www.sofi.com/legal/banking-rate-sheet</a>. See the SoFi Plus Terms and Conditions at <a href="https://www.sofi.com/terms-of-use/#plus">https://www.sofi.com/terms-of-use/#plus</a>. . But unlike OnePay's Save pockets, there's no minimum balance you have to meet, making this a better choice for you if that requirement would be an issue with OnePay.

SoFi is a member FDIC.⁷ SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at <a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.

Visit SoFi | Read our full SoFi Checking and Savings review.

OnePay vs. Chime

Chime¹⁵ Chime is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank, N.A. or Stride Bank, N.A.; Members FDIC.  is another digital-only platform that makes up for its limited products and services with a feature-packed mobile app and budgeting tools. I always like to recommend Chime's services to people who've struggled with money management or are living paycheck to paycheck because the platform provides benefits like:

Early access to your paycheck with direct deposit¹⁶ Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.
Overdraft protection without fees¹⁷ SpotMe® on Debit is an optional, no fee overdraft service attached to your Chime Checking Account. To qualify for the SpotMe on Debit service, you must receive $200 or more in qualifying direct deposits to your Chime Checking Account each month and have activated your physical Chime Visa® Debit Card or secured Chime Credit Builder Visa® Credit Card. Qualifying members will be allowed to overdraw their Chime Checking Account for up to $20 on debit card purchases and cash withdrawals initially but may later be eligible for a higher limit of up to $200 or more based on Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. The SpotMe on Debit limit will be displayed within the Chime mobile app and is subject to change at any time, at Chime's sole discretion. Although Chime does not charge any overdraft fees for SpotMe on Debit, there may be out-of-network or third-party fees associated with ATM transactions. SpotMe on Debit will not cover any non-debit card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. <a href="https://www.chime.com/policies/">SpotMe on Debit Terms and Conditions</a>.
Automatic savings features (including debit card roundups)¹⁸ Save When I Get Paid automatically transfers 10% of your direct deposits of $1 or more from your Checking Account into your savings account. ¹⁹ Round Ups automatically round up debit card purchases to the nearest dollar and transfer the round up from your Chime Checking Account to your savings account.
The ability to make cash deposits at 85,000+ retail locations²⁰ Once the retailer accepts your cash, the funds will be transferred to your selected Chime Account. Barcode and debit card cash deposits land in the Checking Account. Credit Builder card cash deposits first go through your Card Account and then land in your Secured Account. Cash deposit fees may apply if using a retailer other than Walgreens and Duane Reade.

When I compare OnePay vs. Chime, Chime pulls ahead for people who'd benefit from more support making ends meet. But the Chime Savings account only earns up to 1.25% APY,²¹ The Annual Percentage Yield (“APY”) for the Chime Savings Account is variable and may change at any time. The disclosed APY is accurate as of 5/22/25. No minimum balance required. Must have $0.01 in savings to earn interest.  , and you need Chime Checking to qualify for it.

Visit Chime | Read our full Chime review.

Who can open an account with OnePay?

To open a OnePay account, you must be at least 18 years old, have a mobile phone number, and be a U.S. citizen or permanent resident.

You must have a Social Security number or Individual Taxpayer Identification Number (ITIN) as well. To apply, you may need a copy of a government-issued photo ID or a utility bill.

OnePay customer service

You can call OnePay at 1-855-830-6200 Monday through Friday from 9 a.m. to 9 p.m. Eastern. You can also chat with OnePay using the app or on your desktop. Live chat is available 24/7.

FAQs about OnePay

Is OnePay a legit bank?

OnePay is not a bank itself. Instead, the company works with a legitimate banking provider, Coastal Community Bank or Lead Bank. This bank is an FDIC member, which means up to $250,000 of your deposits are insured.

Does OnePay deposit your paycheck early?

OnePay may deposit your paycheck up to two days earlier than the scheduled payment date. This depends on several factors, including the timing of the payer's deposit transmission as well as the type of payer transmitting the deposit.

OnePay says regular paychecks that qualify as a direct deposit must be from a private company or another employer type to qualify. Other qualifying direct deposits include Social Security income, annuities, retirement payments, government salary, or other government payments such as unemployment payments.

How do you add money to your OnePay card?

Your OnePay card is a debit card that uses money from your pockets. You can add money to your OnePay pockets using direct deposit, moving funds from an external bank, mobile check deposit, wire transfer, and apps such as Cash App, Venmo, and PayPal.

Your OnePay card can access the money from pockets you choose by using the OnePay app to assign the card to a specific pocket.

What bank does OnePay use?

OnePay uses Coastal Community Bank as its banking provider. Coastal Community Bank is a member-FDIC institution.

Bottom line

OnePay offers an innovative approach to digital banking that combines high-yield savings with built-in budgeting tools. Its high APY on savings is among the most competitive in today's market, and the ability to create multiple pockets for different spending categories can be a game-changer for those struggling with budgeting.

However, the lack of physical branches and limited customer service hours may be drawbacks for some. If you're comfortable with online-only banking and are looking for a way to simplify your finances while earning a great interest rate, OnePay is an excellent choice. But if you prefer more traditional banking features or need to deposit cash frequently, you might want to consider other options.

Ultimately, OnePay shines in its ability to merge banking and budgeting seamlessly. For the right user, it could be a powerful tool for achieving your financial goals.

Reach Your Savings Goals Faster

5.0

2025 award winner Best Checking and Savings Combo

SoFi Checking and Savings Benefits

Earn up to 3.80% APY⁵ SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at <a href="http://www.sofi.com/legal/banking-rate-sheet">http://www.sofi.com/legal/banking-rate-sheet</a>. See the SoFi Plus Terms and Conditions at <a href="https://www.sofi.com/terms-of-use/#plus">https://www.sofi.com/terms-of-use/#plus</a>. and collect up to a $300 cash bonus with direct deposit or $5,000 or more in qualifying deposits⁶ New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at <a href="https://www.sofi.com/banking/">sofi.com/banking</a>. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.SoFi members with Eligible Direct Deposit can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.80% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. Additional information can be found at <a href="http://www.sofi.com/legal/banking-rate-sheet" >http://www.sofi.com/legal/banking-rate-sheet</a>.
No account, overdraft, or monthly fees²² We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at <a href="http://sofi.com/legal/banking-fees/">sofi.com/legal/banking-fees/</a>
Get your paycheck up to two days early¹⁴ Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.
Access additional FDIC insurance up to $3 million⁷ SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at <a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.