One Finance Hybrid Account full review
The One Finance hybrid account is a self-explanatory type of pocket, where you have a checking and a saving account at the same place. And all of it with a high APY. Find out more with our full review!
One Finance Hybrid Account overview
Looking for an account that features a checking and a saving account at the same place? The One Finance hybrid Account offers you that.
Also, there is no minimum deposit and no monthly service fee whatsoever.
This Account is supported by the Coastal Community Bank, so you can rely on it.
Furthermore, it allows you to put your savings on auto-pilot, with 3% APY.
Keep reading to learn more about it.
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Learn how the One Finance Hybrid Account works
The One Finance Hybrid account is an account that blends checking and saving accounts in the same place.
With no credit check, you can sign in, transfer money to your One and start using it and saving. As a welcome bonus, you can earn $5.
Also, there are no fees or minimum deposits required. Plus, it features high APY if compared to other banks.
Moreover, you can customize your account as you wish by creating the Pockets that help you with financial categories.
Finally, you can build a credit history by Credit Builder, which makes on-time payments automatically.
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One Finance Account advantages e disadvantages
The One Finance features an All-in-one online account that helps you with your financial planning through the pockets feature.
Therefore, you can earn a 1% and a 3% APY if you put money on your Save Pocket and Auto-Save pocket, respectively.
Also, it includes a credit line, but note that it charges 12% APR (1% per month).
In addition, note that there is a limit on the saving pocket, as fallow:
- $5,000 without direct deposit
- $25,000 with direct deposit
If you exceed this limit, you won’t earn any interest in it.
Furthermore, you can share your pockets with another person as you wish, to manage your bills and more.
- All-in-one free online account
- High APY (savings interest rate)
- No fees
- No minimum deposit required
- Easy to manage by the Pockets feature
- Credit line with 12% APR
- No weekend customer service
Credit score required for the application
The One does not require any credit history for the application, so you can build your credit score.
Learn how to apply for a One Finance Account
Looking for an account that hybrids checking and saving? The One Finance hybrid account has it all. Check out now how to apply for it!
About the author / Aline Augusto
Reviewed by / Aline Barbosa
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