One account types

Question

Is my One account a checking or savings account?

Answer

One offers two types of accounts: Deposit accounts and a credit line*. All of our deposit accounts (Spend, Save, Auto-Save) are commonly referred to as “checking” accounts. Your Credit Line is a credit line.

While your Save and Auto-Save pockets might feel like savings accounts, they are technically high-interest checking accounts. This is one of the reasons we don’t limit the number of transactions you may conduct in your Save or Auto-Save pockets each month.

*One is a financial technology company, not a bank. Banking services provided by Coastal Community Bank, Member FDIC.