Managing finances is challenging. Sometimes it can feel even more complicated than earning a paycheck.
Effective financial management involves organizing, distributing, saving, budgeting, and investing in a manner that suits your current cost of living and future goals.
Unfortunately, implementing and monitoring these practices is time-consuming, making it easy for fiances to slip through the cracks.
Luckily, modern financial entities like ONE offer comprehensive resources to simplify the money management process.
Founded in 2019 in Sacramento, ONE is a bank with a mission to assist everyday citizens in achieving financial wellness.
Their online banking products help customers develop better spending, saving, and budgeting habits.
Here is a look at how ONE is making a difference in the banking industry.
Get Paid Faster To Stay On Top Of Bills
Having easy access to your money is a top priority.
ONE makes it easy for customers to get paid faster. Customers that sign up for direct deposit can receive their paychecks up to two days sooner.
Of course, that’s not all. You can quickly deposit physical checks with ONE’s mobile check deposit feature.
Simply enter the check amount, take a photo of the front and back of the check, designate which account you’d like to receive the funds from, and wait for approval.
Align Your Account With Your Budget
Have you ever created a household budget intending to use it, only to forget it altogether? If so, you’re not alone.
Applying a budget can be challenging, especially if you have multiple expenses. ONE has a comprehensive solution to make budgeting more manageable.
They’re called Pockets.
Pockets are sub-accounts that you can customize to match your household budget. You can create as many as 99 Pockets and distribute your paychecks into each account.
Splitting up your check makes it easier to track where your money is going and ensures that you don’t forget to cover a bill.
Save Today For A Brighter Tomorrow
Most people are aware of the importance of saving money. Having a surplus allows you to cover the cost of future goals like buying a house or car, paying for college tuition, going on vacation, or planning for retirement.
Saving is also crucial for emergencies or unexpected expenses like a home improvement, car repair, or something more significant like job loss or divorce.
Unfortunately, most people find it difficult to save money, particularly those that live paycheck to paycheck.
ONE’s Save and Auto-Save Pockets are instrumental in helping customers to reach their financial goals.
Account holders can earn 1.00% APY, which is much higher than many of the leading banks in the industry.
You can schedule automatic deposits from your Spend account to your Savings on a frequency that works best for you.
Do you feel like you don’t have an additional income to dedicate to savings? Well, ONE’s Auto-Save feature may provide a solution.
Every time you use your ONE card to make a purchase, the transactions automatically round up to the nearest dollar and the change is deposited into the Auto-Save account. Over time, you’ll be surprised how the change adds up.
ONE also offers free checking so that customers will never have to worry about paying minimum deposits/balance, monthly maintenance, wire transfer, ATM, or hidden fees.
If you qualify for overdraft protection, you can also save money on insufficient fund fees.
With better organization of your finances and improved spending habits, you’ll find that you can stretch your income further and set more money aside for the things that matter.
The right bank can help you make the most of your income and simplify everyday financial tasks to ease your stress.
ONE offers an array of products and services that enable customers to master key financial management practices with ease.