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Christian
Christian

Just a heads up. ONE & even are being bought out by a fintech company backed by Walmart and going to be merge into a new Company called ONE (keeping the same). Me and other people on Reddit are looking for alternative banks as a back up just in case they nerf this bank in the future.
https://www.cnbc.com/2022/01/26/walmart-backed-start-up-is-acquiring-two-fintech-companies-even-and-one.html

https://www.reddit.com/r/OneFinance/comments/sd5wst/one_even_news_this_morning/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Douglas
Douglas

Deposits from my Fidelity brokerage account are coded as direct deposits. So it’s relatively easy to put the max $1000 into the 3% account each month. Pretty good deal.

Kory
Kory

Turo host payments trigger the DD. Turo sent $322 on 1/22 (a Saturday), credited 1/24, and both the $50 referral and 7500 SB show as pending same day. SB says it’s pending for 31 days.

Abby Normal
Abby Normal

Don’t know if this has been mentioned by anyone, but once you close your account you can never come back. One account lifetime per social. Found this out when I tried to open an account a year after closing.

It’s also weird if you log into your closed account. It will look like it’s still open but you get system errors all over the place when you try to add or transfer funds. They’ll let you add external banks and will even send you a new debit card. For your closed account. Customer service told me this was all “normal.”

Gadget - Bank Bonus Geek

That is odd. Sounds like they are just don’t want to figure out to have multiple profiles for the same SSN. What if every business did this? “Eat your chicken sandwich and be gone!” LOL

I think I have heard this before about some of the other Fintechs… Stash Banking comes to mind, but you can reopen Stash Invest without the banking. Maybe Aspiration?

sg77

The ability to create new Pockets didn’t sound very interesting to me before, but I just realized that each Pocket you create has a different account number, and they recently added a Pocket Lock feature that lets you reject pulls from specific Pockets.

So I guess you could use a different account number for each company you interact with, and if you’re concerned about fraudulent transactions, lock that Pocket. (Though, I can’t think of many cases where I was really concerned about this, but maybe in some situations it’s useful.)

But, I think the Pockets you create don’t earn interest; there’s a Pocket Protector feature to make one Pocket pull from another, but that seems to only pull from Spend, not Save. The Save pocket can be locked, but that doesn’t have the benefit of different account numbers for each use. I guess you could move just a small amount of money to another pocket before each pull that you expect, but that’s a pain.

sullim4
sullim4

I’ve been on this gravy train for 9 months now. A couple relevant points that some might find useful:

– I DD my paycheck into One. It gets dumped into the account around 8:55am or so PST. This is relevant because One seems to offer same-day ACH pushes if you get your transfer request in by 9:00am PST. So I have this song and dance on payday where I wait for the money to hit the account, wait for One to transfer 10% of the DD into the 3% APY account (usually a minute later), and then transfer the cash out as soon as possible. I’ve almost always been able to hit the 9am deadline, and the cash lands in Fidelity around 1pm PDT.

– The $1k limit for the 3% APY account appears to be a consecutive 31 calendar day limit, and does not reset on the first of the month. Using myself as an example, my September 13 paycheck had my annual bonus in it, so my auto-save amount hit $1k on September 13. September 28th’s paycheck had $0 deposited, and rightly so because I hit my limit. However, my October 13th paycheck also had $0 deposited into auto-save. It wasn’t until October 28 that auto-save transfers resumed. I can only assume from this that hitting $1k in transfers puts you in time out for 31 days.

I would avoid the debit card product like the plague – just turn the feature off on their site. Many reports on Reddit of bogus declined transactions, fraud, etc. They also seem to have a hair trigger on shutdowns as well judging from Reddit data points, so don’t do anything stupid with this account. There is no bill pay.

Their sponsor bank (Coastal Community) is local to Puget Sound – they have a branch about 10 minutes away from me. They seem legitimate and get good reviews. Weiss gave them a B+ rating for financial solvency which is pretty good for Weiss. Alliant Credit Union by comparison has a B-.

All in all, the paycheck dance is a hassle to deal with, but it’s 5 minutes of pain, twice a month, to save 10% of your income in a 3% APY account. In this environment, it’s hard to beat that deal.

sg77

I don’t think the $1k limit is per 31 days. I reached $1k on 9/28, and in October I had $1k through 10/27, which is only 29 days after 9/28.

I agree that their ACH is fast, though I didn’t know about the same day if before 9am thing. My DD seems to post into One after 5pm. I did a push from One at 6:45pm, and it posted at the destination the next day. Though, I think I’ve done some other pushes that took 2 or 3 days.

I haven’t had any problems with their debit card (though, I hardly ever use it, except when they had a roundup promo; but at least I haven’t seen any fraudulent charges on it).

What kinds of “stupid” things are people doing that gets them shut down?

Betelgeuse ㊙️

Update: I didn’t receive $50 dd bonus after employer dds in Oct and Nov. I chatted with them and was credited $50 the same day.

AWS
AWS

I haven’t received my $50 bonus for 2 DDs (each >$250, one posting before 11/15 and the second posting before 12/3) to the same pocket + 2 debit card purchases (>$2.50/each). It was supposed to post in user’s Spend account by 12/15. Anyone else in the same boat?

Betelgeuse ㊙️

I didn’t get mine either. 🙁

AWS
AWS

Ooof, ouch. How long do you plan on waiting before contacting customer service? It should be a straightforward case because these real DD’s went automatically into the auto-save pocket so we know they fall under DD. Or am I missing a detail here? (unless my subsequent referral – which is still not funded) messed things up for my $50 offer?

Betelgeuse ㊙️

I think $50 bonus terms say it doesn’t stack with bonus from their affiliations. But I saw in a comment below that someone did get their $50 bonus. I’m not sure if manual review will catch the fact that it’s not supposed to stack. I am hoping to see more dps here first.

AWS
AWS

Thanks! Just to clarify about my referral, I didn’t use one to sign up. And I referred someone but their DD hasn’t hit yet so the referral should be irrelevant at this point. Both my DDs are real paychecks. I’ll give it until Friday and check over chat. Good luck to both of us.

Betelgeuse ㊙️

Thanks! I hope to hear the good news soon!

Daniel
Daniel

I posted legit DDs – x2 before the deadlines & received nothing thus far. However, my SB is pending right now & should post today actually – which is something!

Daniel
Daniel

Technically x3 DD’s, since the way in which the terms specified, the initial deposit to fund was an ACH ($100 min). Remember that all DDs must post to the same account; Bonus will post by 12/15/21 to the “Spend account”.

Hope that helps?

Dan
Dan

I did not either. I used real DD.

Meloman
Meloman

$50 DD Bonus just posted to Spend account! There’s hope!

Betelgeuse ㊙️

I still haven’t received the $50 dd bonus. Has anyone reached out to their CS?

Neal
Neal

I can’t find it on either platform… offer dead?

Betelgeuse ㊙️

Yeah. Looks like it’s dead.

Diego
Diego

I found them, but the offers are down to 7,500 SB or 10,000 MP.

The $50 bonus now appears to be restricted to those who fund from an N26 account. Probably a tie-in with the imminent shutdown of N26 in the US.

Jay R
Jay R

Anyone have any recent DPs for what triggers the DD requirements? I’ve tried:
Bluebird: two transfers, first without auto-save enable, one afterwards and neither counted
Chase: two transfers, $1 and then $10, neither counted
Wells Fargo: $10 didn’t count
Schwab Brokerage: $100 didn’t count
Cash App: $0.75 didn’t count

Does it perhaps need to be a certain amount in order to count as DD? Is it $250 like some of the other bonus requirements?

I might have to give Fidelity a try but only have $50 on there currently.

Daniel Melo
Daniel Melo

Nope, I bit the bullet and submitted legit DD’s. Would like to hear of other DPs for P2 though.

Jay R
Jay R

Shoot, well that sucks. I might have to try to get a legit DD somehow. Can you make yourself a direct deposit by paying yourself using a business account? I do have a sole propietorship and have all the documentation and just need a business bank. Maybe NorthOne might work but apparently their external account access is currently limited.

AWS
AWS

Any luck with your bonus?

Douglas
Douglas

Fidelity works.