During the past few years, simply securing money to cover household expenses and family needs has been hard enough. With inflation and increases in things likek gas and grocery prices, keeping up can be challenging.
Even if it feels like you have no control over your financial stability, ONE has solutions to get you through challenging times.
What Is ONE?
ONE is a bank offering affordable, easy-to-use, comprehensive products and services to everyday consumers.
What Makes ONE Useful To Families?
ONE has a variety of tools to help families cope with the obstacles financial stability. Here are a few that are especially useful during difficult times:
Oftentimes, banks charge random fees to their customers to maintain their bottom line. You might notice charges on your statement for minimum balances and monthly maintenance fees to wire transfers and overdrafts. These may seem small but can add up quickly and take away from the money you rely on to support your family.
ONE’s banking products are free. Customers don’t have to worry about keeping a certain balance or digging themselves out of overdraft or insufficient funds.
Saving is an essential part of financial stability. The more money you have, the better equipped you are to cover household expenses and unforeseen emergencies. With the rising costs of essential products and services, saving is more complicated than ever. That is, unless you have an account with ONE.
In addition to saving hundreds of dollars a year on standard banking fees, ONE offers customers more opportunities to save. The Save and Auto-Save Pockets are sub-accounts where users can schedule small deposits for safekeeping. ONE account holders receive 3.00% APY, enabling them to save more money without lifting a finger.
Early Direct Deposit
Have you ever run out of money for miscellaneous expenses mid-week? Sometimes, waiting for payday to arrive is nerve wracking. If you are out of money before payday, you might need to borrow money or go without the things you need. Bills can go unpaid and your credit can take a hit.
What if you could get paid up to two days faster? If you sign up for direct deposit with ONE, you can do just that. With early direct deposit, you have access to cash to handle minor emergencies before they get out of hand and can pay your bills on time.
Manage Your Spending More Easily
It can very easy to chronically overspend on things that seem affordable. Over time, costs can pile up and leave you in a bind at the end of every month. Instead of hoping you’re staying on budget, ONE has developed a simple way for you to track how you spend your money each month. The app allows you to create Pockets in your account that help you know exactly where your money goes. Each Pocket can be assigned a unique category and when you use your card you can attach that expense to the Pocket it is supposed to come out of. This can help you see if you still have enough left in a certain Pocket to buy that new shirt or go out to dinner or if you’re going to need to wait until next month.
ONE can help you keep your food budget at $200 for the week, your morning coffee budget on track, and even creates an opportunity for you to save up for specific goals. Whether you start saving for Christmas early, or you need a Pocket where you can put your emergency fund, ONE makes it easier to manage your spending and helps you get out of the paycheck to paycheck lifestyle.
ONE provides a variety of financial services and products that assist its customers in managing their finances as they navigate the wavering world of financial stability.