Who owns One?
short answerOne is not itself a bank. It runs on a partner-bank (BaaS) model and works with Coastal Community Bank — the licensed bank that actually holds customer deposits behind the app. One's most notable disclosed backers include Walmart and Ribbit Capital.
Is One a licensed bank?
No — a partner bank (Coastal Community Bank) holds the money. Licence detail: Partner bank (Coastal Community).
Where is your money held?
Custody model: Custodial.
One runs on: Coastal Community Bank (BIN sponsor bank) · Finxact (core banking platform). Full stack on the infra map.
Who's behind One?
One was founded by Walmart x Ribbit venture (2019), headquartered in Sacramento, US.
Early investors
Is my money safe with One?
Your money is held by Coastal Community Bank, so any deposit insurance flows through that sponsor bank — not One itself. Check the sponsor's scheme and whether balances are "passed through" for per-customer insurance.
go deeperSee the full One profile with every verified field, or One alternatives. Raw fields: data.json.
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.