Coastal Community Bank, in partnership with Mastercard, offers a free ONE account with no impact on your credit score. The account comes with a range of benefits, including no monthly fees and the opportunity to earn 5.00% APY on your savings balances, up to $100,000. You can also earn 3% cash back on eligible deposits at Walmart, up to $50 per year. Additionally, you can earn cash back for shopping at select brands, with the cash back automatically added to your savings. The account also provides free overdraft protection of up to $200 with eligible direct deposits.

With the ONE account, you can enjoy the convenience of early payday, receiving your paycheck up to 2 days early. You can easily access your funds by using your ONE debit card at any Walmart cashier, MoneyCenter, or Customer Service desk with no fees. You can also take out cash for free at any Walmart MoneyCenter or Customer Service desk using your in-app barcode, as long as you have eligible direct deposits. Furthermore, you can use over 55,000 Allpoint ATMs for free with eligible direct deposits.

To qualify for the benefits, you need to meet certain criteria. For example, to earn the 5.00% APY on your savings balances, you must have received $500 or more of eligible direct deposits in the previous month or have a total daily account balance of $5,000 or more. To receive 3% cash back at Walmart, you must have 3 consecutive months of eligible direct deposits or maintain an average daily balance of $5,000 or more. Other terms and conditions apply, and fees may reduce earnings on the account.

It's important to note that ONE is a financial technology company and not a bank. The banking services and ONE card are provided by Coastal Community Bank, which is a member of the FDIC and offers deposit insurance up to $250,000 per depositor.