‘One’ Accounts Review: Spend and Save

One's "Pockets" help customers allocate money for different financial priorities, whether it's items in the household budget or saving toward a goal.
Chanelle Bessette
By Chanelle Bessette 
Edited by Yuliya Goldshteyn

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    Overall institution rating


    NerdWallet rating 
    The bottom line:

    One Finance, or just "One," is an online-only nonbank financial institution that relies on a chartered partner bank to provide FDIC insurance for customers’ deposits. Its signature feature is the ability to organize money in multiple sub-accounts that One calls “Pockets” and “Tabs,” whether to pay specific bills or save toward goals. One's customers have access to two Tabs: Checking and Savings. Within the Savings Tab are the primary Savings Pocket and the optional Pay Autosave Pocket. Customers can also create up to three custom Savings pockets based on their savings goals.

    Interest rates on Savings and Autosave Pockets are higher than average. One is part of the massive Allpoint ATM network.

    Best for: Tech-savvy consumers who want help with budgeting their money into different sub-accounts, want to earn interest on their savings and don’t need to deposit cash or use ATMs often.


    • No overdraft fees.
    • No monthly fees.
    • Competitive rate on savings account.
    • No minimum opening deposits.
    • Early direct deposit.


    • Requirements must be met to earn strong savings rate.
    • No branch access.


    NerdWallet’s overall ratings for banks and credit unions are weighted averages of several categories: checking, savings, certificates of deposit or credit union share certificates, banking experience and overdraft fees. Factors we consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation. The stars represent ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star. How we rate banks, credit unions and other financial service providers.