About OnePay Cash
Share
In this article
Share
In this article
What kind of account is OnePay Cash?#
OnePay Cash accounts, which includes a Spend and a Savings section, are demand deposit accounts, commonly referred to as checking accounts. While your Primary Savings, savings pockets, and goals might feel like separate savings accounts, they are all part of your OnePay Cash account.
Does OnePay support joint accounts?#
At this time, OnePay does not offer joint accounts or the ability to add an authorized signer to an existing account.
Is OnePay Cash FDIC insured?#
OnePay is a financial technology company, not a bank. Banking services through OnePay are provided by Coastal Community Bank and Lead Bank, Members FDIC. Approved deposit accounts are FDIC insured up to $250,000 per depositor through pass-through insurance at Coastal Community Bank and Lead Bank, Members FDIC, and, as applicable, their Sweep Partner Banks, if certain conditions have been met. FDIC insurance applies to the failure of an FDIC-insured bank, not OnePay.
Which banks does OnePay partner with?#
OnePay has partnered with Coastal Community Bank and Lead Bank to provide banking services. As the banking provider, Coastal Community Bank or Lead Bank is the bank where your account is held.
While Coastal Community Bank or Lead Bank holds your funds, OnePay services your account. If you have any issues or questions, please contact OnePay Customer Service or say Agent in Chat to be connected to a OnePay Specialist.
If you connect your OnePay Cash account to another financial institution to transfer funds, your account’s Routing and Transit Number (RTN) may be presented as OnePay, Coastal OnePay, Coastal Community Bank, or Lead Bank.
How can I view my Deposit Account Agreement (DAA)?#
You can view a copy of your Deposit Account Agreement (DAA) here.
What fees are there with a OnePay Cash account? #
The following fees apply to your OnePay Cash account, as provided in the Deposit Account Agreement. Some fees can be avoided when you become a customer with OnePay Cash+ benefits by receiving $500 or more in eligible direct deposits per month or if you have a total account balance of at least $5,000 at the end of the previous month.
Fee Type | With OnePay Cash+ | Without OnePay Cash+ |
Monthly Fee | $0 | $0 |
Overdraft Fee | $0 | Only available for customers with OnePay Cash+ benefits |
OnePay Cash Out Fee (Use of ATMs may incur fees charged by the ATM providers. International ATM withdrawals may be subject to foreign transaction fees.) | $0 (at Allpoint Network ATMs, which can be found in the OnePay app) $3.00 (for all other ATM withdrawals) | $0 (at Allpoint Network ATMs, which can be found in the OnePay app) $3.00 (for all other ATM withdrawals) |
Bill Pay Fee (for each bill paid through the Bill Pay feature, powered by Papaya Pay) | $0 | $3.00 |
Bank transfer to a linked account via Debit OCT (Instant Transfer) Fee | 1.75% of the transaction amount (minimum fee of $0.25 per transaction) | 1.75% of the transaction amount (minimum fee of $0.25 per transaction) |
OnePay Debit Card Replacement Fee1 | $0 | $3.00 |
OnePay Advance Overdraft Fee | 5% of the amount of the OnePay Advance | Only available for customers with OnePay Cash+ benefits |
OnePay Retail Card Fee Supplemental Schedule:
OnePay Retail Card Purchase Fee2 | $1.00 |
OnePay Inactivity Fee (a one-time $12 inactivity fee if there are no transfers in or out of the account for a consecutive 60 days within the first 6 months after card purchase.)3 | $12.00 |
- There is a OnePay Builder Card Replacement Fee of $3.00 for customers without OnePay Cash+ and $0 for customers with OnePay Cash+.
- This is a one-time fee for the purchase of a One Retail Card at a retail location. This fee is collected at the point of sale by the retail location and is not deducted from your Account and will not be reflected in your monthly statement or transaction history.
- OnePay Inactivity Fee is only applicable for customers who purchase a OnePay Retail Card on or after 5/13/2024. Fee not charged where prohibited by applicable law.