I'm a little confused with the One card account I opened online last evening. I plan on loading $990 vie gebit today just to experiment, but am seeing "Debit Balance" and "Savings Balance" accounts when I log into my One account. I assume that when I load, it goes to the "Debit Balance" account and I then have to manually transfer funds between "Debit Balance" and "Savings Balance" accounts if I want to earn the 1%/5% interest? I then need to transfer from "Savings Balance" back to "Debit Balance" if I want to transfer funds to my external bank account?

Are these all correct assumptions?