[Expired] OnePay (Formerly ONE Finance): Get 3.75% APY and $300

Update 8/18/25: $100/10,000 on Rakuten, plus the $300 direct deposit bonus with $5,000 per month. (I believe it’s each month for September and October that you need the $5,000 in direct deposits.) (ht Artin)

Update 6/23/25: There is a new $300 bonus. This requires a direct deposit of $5,000 per month

Update 5/27/25: Now $185 on Inboxdollar, can get another $50 from OnePay for direct deposit.

One Finance Review

Direct Link

One Finance is a fintech online bank with no fees and no minimums. They are FDIC-insured through a bank partner, Coastal Community Bank, Member FDIC.

  • They offer 3.75% APY interest on their savings account. They also have cashback deals for 5% back at select merchants.

They also offer unlimited account creation which they call Pockets that you can create to separate money for various purposes and even share them with other people.

Post History

$50 Referral Bonus Referral Terms | Referrer Terms One Finance also has a referral program with the following bonuses:Both referrer and referee get a bonus of $50 when the person signing up receives a direct deposit of $250+. You can refer a maximum of 10 people per year. We’ve created a page where readers can share their referrals. Do not put your referral links in the comments below.

  • Update 2/3/25: Rakuten is increased to $250 now
  • Update 1/27/25: Rakuten is now at $200 (ht Tikky)
  • Update 1/8/25: The $125 Rakuten is available again, or $100 Swagbucks, or around $107 on MyPoints. There might also be $25 in bonuses from One after signup for completing certain tasks.
  • Update 11/7/24: Now $125.
  • Update 10/15/24: Now reduced to $75
  • Update 10/6/24: Now $125/12,500 Membership Rewards points on Rakuten.
  • Update 9/17/24: Now reduced to $75.
  • Update 9/16/24: Now $125/12,500 Membership Rewards points on Rakuten. Hat tip to DDG
  • Update 7/22/24: Rakuten and Swagbucks both offering $75 bonus now; Rakuten requires $200 deposit, Swagbucks requires $30 deposit. There’s also an additional $25 bonus showing in the One app for adding your One debit card to Apple Pay, funding your account, and activating a cash back reward.
  • Update 6/28/24: Now $75 signup bonus via Swagbucks for depositing $30 (ht Kory)
  • Update 5/13/24: There is now a sign up bonus of $100. You get $75 by going through Swagbucks and depositing $30 and then can get another $25 in app when you link Google Pay. Hat tip to reader Jimmy
  • Update 6/27/23: Rate is now 5.00% APY on Savings balances up to $100,000 when you receive $500 a month in eligible direct deposits or have a total daily balance of $5,000 or more.
  • Update 9/20/22: Apparently new customers do not get the 3% rate; only existing customers get it as a grandfathered benefit.
  • Update 7/20/22: Some One Finance customers got the following email: starting August 8, 2022, your Save Pocket and the current balance in your Auto-Save Pocket will both earn 3.00% APY. Up to $25,000.
  • Update 10/19/21 3/28/22 back again: This is now 11,250 ($112.50) on Swagbucks and 22,500 on MyPoints ($142-$150) via their Revenue Universe walls. Swagbucks link | MyPoints link You should also get a $50 direct deposit bonus offer after signing up and also (sorry, expired) $5 after first debit purchase. (ht Kris)
  • Update 9/7/21: Now  $87.88 on Swagbucks via RevU or $102 via 15,200 MP. Hat tip to Davis.
  • Update 8/10/21: Swagbucks is offering $75 for opening an account and setting up direct deposit of $100 or more. Hat tip to CT
  • Update 1/13/21: There is a $50 bonus for existing users that add two recurring paycheck deposits of $250 or more to their One account from 1/1/2021 through 11:59pm PST on 3/05/2021. I assume you can’t do this if you do the referral bonus/have done the referral bonus in the past. First direct deposit must be received by 11:59pm PST on 1/31/2021.
  • Update 1/1/21: Reposting as referral offer has been increased to $50.

Our Verdict

In the current interest-rate environment, even 1% APY on $25,000 is nice, though it probably wouldn’t get me to change my direct deposit. The more interesting part is the ability to get 3% APY which is terrific. It’s also a soft pull to open the account (no Chex either).

Though limited to 10% of paycheck, there’s no stated limit on how much can earn the 3%; if you have $120,000 in paychecks going to One Finance, you can max this out with $12,000/yr going to the 3% Auto-Save account. According to the current rules, that should be able to continue building year over year as you increase the balance – after 2 years you can have $24,000 earning 3%, after 3 years $36,000, etc. (Of course they can always add a limit or change the rate in the future, but for now it sounds good.)

We’ll add this to our list of Best High Yield Savings Accounts.

Thanks to readers Chris R, AA, and Trey for sending this in.
    Chuck
  • On August 18, 2025, 15:00
Tags: High-Yield AccountsSavings Account

View Comments (2034)

  • Opened in July. Used Wise for first DD in August. Used Sofi for today's DD. Both coded as "paycheck direct deposit". Eagerly awaiting data points on bonuses posting from OnePay. $100 Rakuten cash back confirmed for 11/15 payment.

    • Opened near end of June, so my promo period was July and Aug. Did 5k+ of Chase Business payroll both months which upgraded me to Cash+. Still no bonus.

    • @guest_2070038 I opened near end of June. My two-month promo period was 7/1 to 8/31. Made $5000+ deposits from Wise in July and Aug. Got upgraded to Cash+ (indication of eligible DDs). No bonus yet as of 9/1. The terms say they have 15 days after the end of the 2nd month to pay out, so I'm not concerned yet.

      • When I opened in the very beginning of July, under Limited Time Offer ad/sign, it stated Direct Deposit $5k+ into your OnePay Cash account in July and August to earn $300 cash back so I made the $5k+ DD in Jul&Aug. I didn't actually read the terms so the ad sign may have been reffering to those who opened in June. We will see in a couple days worse case scenario I will need to make another DD in September if I don't get it.

    • Nope. The offer still shows up when you apply and it shows up under every screen. Offer expires 8/30/25. So, as long as one gets approved by 8/30/25, should be good to go.

  • I opened my account in July and pushed $5,000+ in DD during that month and got upgraded to Cash+.
    However, I forgot to push the same amount in August. So now can I keep pushing $5,000+ in Sept AND Oct and still get the $300? Please enlighten me, thanks!

    • If you opened your account any time in July, you needed to push 5k in both Aug and Sept (not July, dd in July doesn't count). Since you missed Aug, you don't qualify for the bonus.

      "Customers who open a OnePay Cash account between July 1 and July 31, 2025 will have a Starter Bonus Term from August 1 to September 30, 2025."

    • @guest_2105820 I see $120 with your link. and how can you redeem their points, on what? you said you redeem $130 for $90 ? can you explain? as I don't know the site. thanks

      • Hey , sorry couldn't reply early. scrambly was showing me $130 when added the comment but shows me $120 for me now.
        $90 which I was referring , was for Current Checking account(one of the fintech). When you login to scrambly , you do have option to show balance as USD vs points. It's usually 100:1.

  • After a valid DD posted, do you receive an email acknowledgment or your account upgraded to Cash+ or something?
    I pushed $100 from Sofi to OnePay as initial funding, I have not received any email acknowledgment from OnePay after posting. They categorized the type of transact as "paycheck direct deposit", but description as "Sofi Bank(Transfer)", wondering if that works as DD. anyone successfully got the bonus with Sofi push?
    It seems they categorize everything as DD, but if they manually review it, it's apparent it is a fake DD

    • @guest_2129884 I sent $5000+ from Wise to OnePay in July and August with "PAYROLL" in the Remark field. They were recorded as "Type of transaction: Paycheck direct deposit" with the description "WISE US INC (PAYROLL) PAYROLL". My account was upgraded to Cash+ after the first deposit from Wise was received.

      • Yah, upgrade to cash+ is a sure sign.
        They code everything as "paycheck direct deposit", it means nothing.

      • Did you use Wise balance transfer? did you scheduled the transfer in advance and how many days in advance?

        • @guest_2130528
          Short answer: I clicked the Send button in Wise at 1:45pm 8/1/25 (a Friday). It showed "Arrives by 8/5/25 (Tuesday)". But OnePay received the money around 4:30pm same day 8/1/25.

          Long answer: I've had a Wise personal account for several years to send/receive money overseas. The account was managed in Wise using my name and email address, I didn't have the routing/account number. So in July I deposited $20 into my Wise account for them to disclose the routing/account number. With that info, I linked my Wise account to Ally and ACH $5000 from Ally to Wise. Then I set up my OnePay account as a Recipient in Wise. After that, I "SEND" $5010 from my Wise balance to my OnePay account. When using your Wise balance, the fee is very low (about $1.50 to send $5010). If you use money from an external account linked to Wise, the fee would be around $15 to send $5010. It appears that if you initiate the Send before 2pm Central Time, the Recipient receives the money before 5pm Central the same day.

          I sent money from Wise to Onepay in July using the same process but didn't take screenshots, so I used my August deposit as the datapoint.

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