OnePay: $50 referral bonus for new users, $200 per person referral

Update 6/16/26: The referral bonus is now $50 per person who signs up and $200 per person referred. You can find and share referrals here.

Update 2/16/26: Some people are seeing a $300 offer after signing up for a OnePay Walmart credit card. Requires $3,000 in direct deposits.

Hat tip to reader Moshe

Down to $125 again

Update 11/30/25: The offer is back and slightly higher at $180/$18,000 for opening a OnePay Cash account and making three direct deposits of $500+. (Not as good as the previous $250, but it hasn’t been that high in a while.) Also get 10% cash back at Walmart from OnePay on your first Walmart purchase made within the first month, up to $200 spent. It might be possible to stack this with a $50 referral signup bonus. (Look this post about OnePay Debit Card.) (The old $300 direct deposit bonus is no longer available.)

Update 11/27/25: Rakuten is at $17,500/$175 now for opening a OnePay Cash account and making three direct deposits of $500+. (Not as good as the previous $250, but it hasn’t been that high in a while.) Also get 10% cash back at Walmart from OnePay on your first Walmart purchase made within the first month, up to $200 spent. (It might be possible to stack this with a $50 referral signup bonus.) (See this post about OnePay Debit Card.) (The old $300 direct deposit bonus is no longer available.)

OnePay Review

Direct link

OnePay is an online fintech bank with no fees and no minimums. They are insured by the FDIC through a banking partner, Coastal Community Bank, Member FDIC.

• They offer 3.35% interest APY on their savings account. They also have reward offers for the equivalent of 5% back at selected merchants.

They also offer unlimited account creation, which they call pockets that you can create to allocate money for different purposes and even share it with other people.

Post history

$50 Referral Bonus Terms of reference | Referral Terms OnePay also has a referral program with the following bonuses:Both the referrer and the referee get a $50 bonus when the person signing up gets a direct deposit of $250+. You can refer a maximum of 10 people per year. We have created a page where readers can share their recommendations. Do not put your referral links in the comments below.

• Update 8/18/25: $100/$10,000 at Rakuten, plus the $300 direct deposit bonus at $5,000 per month. (BELIEVE is every month for September and October that you need $5,000 in direct deposits.) (ht Artin)
• Update 6/23/25: There is a new $300 bonus. This requires a direct deposit of $5,000 per month
• Update 5/27/25: Now $185 in Inboxdollar, you can get another $50 from OnePay for direct deposit.
• Update 2/3/25: Rakuten it has now increased to $250
• Update 1/27/25: Rakuten now it’s at $200 (ht Tikky)
• Update 1/8/25: $125 Rakuten is still available, or $100 Swagbucksor about $107 in MyPoints. There may also be $25 bonuses from One after signing up for completing certain tasks.
• Update 11/7/24: Now $125.
• Update 10/15/24: Now reduced to $75
• Update 10/6/24: Now $125/12,500 Membership Rewards points at Rakuten.
• Update 9/17/24: Now reduced to $75.
• Update 9/16/24: Now $125/$12,500 in Membership Rewards points at Rakuten. Hats off to him DDG
• Update 7/22/24: Rakuten and Swagbucks both offering $75 bonus now; Rakuten requires $200 deposit, Swagbucks requires $30 deposit. There is also an additional bonus of $25 in the One app to add your One debit card to Apple Pay, fund your account, and activate a cashback reward.
• Update 6/28/24: Now $75 signup bonus via Swagbucks for the deposit of $30 (ht Cory)
• Update 5/13/24: There is now a $100 signup bonus. You get $75 by going through Swagbucks and depositing $30, and then you can get another $25 in the app when you connect Google Pay. Hat tip to the reader Jimmy
• Update 6/27/23: The rate is now 5.00% APY on savings balances up to $100,000 when you receive $500 per month in eligible direct deposits or have a total daily balance of $5,000 or more.
• Update 9/20/22: Apparently new customers do not receive the 3% rate; only existing customers get it as a grandfathered benefit.
• Update 7/20/22: Some One Finance customers received the following email: starting August 8, 2022, Save Pocket and your current Auto-Save Pocket balance will earn 3.00% APY. Up to $25,000.
• Update 19.10.21 3/28/22 again: Now it’s 11,250 ($112.50) in Swagbucks and 22,500 in MyPoints ($142-150) through their Revenue Universe walls. Swagbucks Link | MyPoints link You should also get a $50 direct deposit bonus offer upon registration and also (sorry, expired) $5 after your first debit purchase. (ht Chris)
• Update 9/7/21: Now $87.88 in Swagbucks via RevU or $102 via 15,200 MP. Hats off to him Davis.
• Update 8/10/21: Swagbucks is offering $75 for opening an account and making a direct deposit of $100 or more. Hats off to him c T
• Update 1/13/21: There is a $50 bonus for existing users who add two recurring salary deposits of $250 or more to their One account between 1/1/2021 and 11:59 PM PST on 05/3/2021. I assume you can’t do this if you do the referral bonus/have done the referral bonus in the past. The first direct deposit must be received by 11:59 PM PST on 1/31/2021.
• Update 1/1/21: The repost as a referral offer has been increased to $50.

Our verdict

IN the current interest rate environmenteven 1% APY on $25,000 is nice, though it probably wouldn’t make me switch my direct deposit. The most interesting part is the ability to get 3% APY which is awesome. It is also one soft withdrawal to open the account (neither did Chex).

Although limited to 10% of salary, there is no stated limit on how much you can earn 3%; if you have $120,000 in payments going into One Finance, you can max that out with $12,000/year going into the Auto-Save 3% account. Under the current rules, this should be able to continue to build year on year as you grow your balance – after 2 years you could have $24,000 earning 3%, after 3 years $36,000, etc. (Of course they could always add a limit or change the rate in the future, but for now it sounds good.)

We will add this to the our list of the best High Yield Savings Accounts.

Thanks to readers Chris R, AA and Trey for sending this in.