Effective as of May 11, 2020, One has updated the terms of the Referral Program.
What is the One Referral Program?
You can receive up to $100 when you invite friends to open and fund an account with One. You will receive $20 for each of your first five friends who sign up using your unique referral link and fund their One account with a single deposit of $100 or more.
How do I refer my friends via my unique referral link?
In the Invite friends section of the One app, copy your unique referral link, and share it with your friends. By sending the link to your friends via text message, you confirm you have their consent to send them text messages.
How many friends can I refer?
At this time, you can refer as many friends as you’d like, and you can receive credit for up to five friends.
What must my friends do for me to be eligible for this credit?
In order for you to be eligible to receive referral credit, your friends must apply using the unique referral link you share with them, be approved for a One account, and fund their new One account with a single deposit of $100 or more from a source of funds outside of One. If the referral link they use doesn’t match your unique referral link, you will not receive referral credit.
If my friend applies for a One account another way, will I receive a credit for the referral?
No, your friend must apply using your unique referral link in order for you to receive referral credit.
How much can I receive through this Referral Program?
You can receive $20 for each friend you refer, up to a maximum of $100.
Will my friends receive anything through the Referral Program?
Your friends do not receive a credit for using your unique referral link. When they fund their One account with a direct deposit, they’ll get access to Credit Line, Paycheck Auto-Save and other product features.
What if my friend already has a One account?
If your friend already has a One account, you will not receive referral credit.
Can I open a second account and get a new referral link?
No person may have more than one One account.
When will I receive my credit?
Please allow up to ten business days for any referral credit to be deposited into your One account after a friend successfully opens a One account using your unique referral link and funds their account with a single deposit of $100 or more.
How will I know when I receive my referral credit?
Your referral credit will appear in your Spend pocket as a Referral Credit.*
Will One tell me when my friends open an account?
You will be able to track when your friends open and fund their One accounts. Due to the confidential nature of the account opening process, we will not disclose any other information.
I got referred by a friend. Will my friend know if I open and fund a One account?
By opening a One account using your friend’s unique referral link, you acknowledge and agree that your friend may be notified if you open a One account and if you fund it with a single deposit of $100 or more. If you do not want your friend to have this information, sign up for a One account without using their unique referral link.
Can any One customer participate in the Referral Program?
The Referral Program is open to all One customers. The unique referral link is intended for friends and family only. If we suspect that someone is abusing the Referral Program, for example, by posting their unique referral link publicly on social media, we may terminate their eligibility to receive referral credits.
Will One make changes to the Referral Program?
One reserves the right to change the Referral Program terms and requirements, or terminate the Referral Program, at any time, in its sole discretion, and without notice. If you do not accept the changes made to the Referral Program, please do not participate or continue your participation in the Referral Program.
*Any Referral Program Credit(s) you receive may be considered taxable income. Recipients of referral credits are responsible for any resulting federal, state, or other taxes.