Checking, Spending Pockets, Savings and Goals
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In this article
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What are the differences between Checking, Spending Pockets, Savings and goals?#
When you open a OnePay deposit account, you automatically have a Checking and a Savings section to hold your funds.
If you have a Builder Card and create a Spending Pocket, your Checking section will be called Primary Checking in most areas of the OnePay app. The Checking section on the Home tab will continue to display as Checking.
Checking or Primary Checking
Your Checking section, or Primary Checking if you have a Spending Pocket, is connected to your OnePay card and is designed to hold money you plan to spend soon. Money in Checking or Primary Checking does not earn interest.
If eligible, your Primary Checking balance can also use Savings Backup and Fee-Free Overdraft Protection.
Spending Pockets
If you have a Builder Card, you can create Spending Pockets to organize money for different spending needs. Builder Card customers can create up to 25 Spending Pockets. Primary Checking does not count toward this limit.
Each Spending Pocket has its own account number, uses your existing OnePay routing number, and has a dedicated virtual card.
Spending Pockets cannot be used for barcode cash deposits or ATM withdrawals. They cannot be assigned to a physical card.
Savings Backup and Fee-Free Overdraft Protection do not apply to Spending Pockets.
Savings and goals
Your Savings section is a place to keep money you want to save and do not plan to spend soon. Money in your Savings section earns interest.
In your Savings section, you have a Primary Savings with your first name on it. If enrolled, you may also have Pay Autosave or @Work Save.
If you have a Builder Card or a OnePay Debit Card, you can create up to 25 Savings Goals. Existing Savings Goals do not count toward this limit.
How do I create a goal?#
To create a goal:
Open the OnePay app and tap Checking or Savings
Tap Savings and then select Set a goal
If you already have 25 Savings Goals, you won’t see the option to set another goal unless you delete an existing Savings Goal. Primary Savings, Pay Autosave, and At-Work Save do not count toward the 25 Savings Goals limit.
How many goals can I have?#
You can create up to 25 Savings Goals. Primary Savings, Pay Autosave, and At-Work Save do not count toward this limit.
What can my teen do with Checking and Savings?#
If you add a teen as an authorized user to your OnePay deposit account, your teen will have access to their own separate Checking section and Savings section. Each section has its own account and routing number.
Checking
Your teen can use Checking to:
Make purchases with their Builder Card
Receive direct deposits and allowances from their parent
Withdraw cash from ATMs, if enabled by their parent
Transfer money to Savings
One to One transfers
Savings
Your teen can use Savings to:
Save money
Receive transfers from their parent
Transfer money to Checking
Rewards
Eligible Builder Card purchases may earn OnePay Rewards. Rewards can be redeemed according to the current OnePay Rewards program.
Parent oversight
The parent or legal guardian remains the account owner and can view account activity, transfer money, set spending controls, and manage account settings.
How do I create a Spending Pocket?#
Open the OnePay app.
Select Checking from the Home screen. (Primary Checking Pocket if you have created Spending Pockets).
Select Create a pocket.
Enter a name for the spend pocket in the Name your pocket field.
Select Continue.
Select an icon and color for the pocket.
Select Continue.
Enter the amount you want to fund the pocket.
Select Continue.
Select Done to view the Pocket created confirmation.
How many Spending Pockets can I have?#
If you have a Builder Card, you can create up to 25 Spending Pockets.
How do I delete a Spending Pocket?#
Open the OnePay app.
Select Checking from the Home screen.
Select the Spending Pocket to delete.
Open Pocket settings.
Select Delete pocket.
Confirm that the pocket balance is $0, there are no pending transactions, and recurring transfers have been canceled.
Select Delete.