how long does it take to read pages and pages vs how long does it take to walk into the store and try

It's not about the time. It's about not burning a WM for myself and for any other MS'ers in the area by raising red flags in the store because I don't know W T F I'm doing at the SCO. But to answer your question, it took me a half hour to read the thread. It took me 10 minutes to drive to WM, another 5 to get to the SCO area, and about 2 minutes standing there inserting cards and looking for prompts on the screen that didn't give any indication that it was going to work.

what is the point of berating people wanting to do things right? Would you rather they fail and ask for help and get it shut down for good?

fair points my bad

Has ANYONE that's had their One account closed actually received your money back yet? If so, how long did it take?

Almost a month in and nothing yet. Don't bother calling Coastal Bank as they will just tell you they can't help you as One Card does not open any account with your name on it with them so they don't consider you a customer of the bank.

will they hold as long as Paypal?

Have you guys filed complaints regarding ONE and Coastal Community Bank with the various banking regulators such as CFPB and the Federal Reserve (who it looks like regulates CCB)? I'd suggest it........if for no other reason cuz I'm likely gonna be in your shoes soon too. :)

That's my plan come day 30 if I don't get a refund. It has been my experience in the past that when a bank is involved the CFPB will forward your complaint to the Federal Reserve and mark you complaint as "Closed" on their end.

From One website:
ONE is a financial technology company, not a bank.
Banking services provided by Coastal Community Bank, Member FDIC.

Yet the services One is advertising are banking services, including FDIC insured savings products :o

So this is an interesting look at banking. I wonder if One considers themselves like a Crypto bank, unregulated and can do anything they wish with your money, like make 'donations' to various influential groups??
Thanks for pointing this out. It now makes me even more reluctant to get involved with them until others get their money back. They should write the CFBP for resolution. A 'normal' bank wouldn't hold funds on closed accounts for more than several weeks.

I really want to see a DP where someone NEVER pushes out of their ONE and only pulls from hub bank for a prolonged period. I wonder if that's the key to longevity.

I only ever pulled and still shutdown on One #1. On One #2 actually I ever pushed, pulled but completely used the card for debit transactions online and still shutdown. Of course doing 5 figures a month of volume is probably going to get on their radar no matter what lol

Thank you. This is a great DP.

Just going to give my 2cents.

They may be evaluating YOU in terms of profitability. They make $$ from your deposits and purchases.

The average MS’r will load at wm, which may incur a transaction cost to them? Who know how their partnership is drafted with WM. Always draw down balances to pay back cc or ach out. In which case they make nothing from you.

After 2-3 months, if I was One, I would shut you down.

Take advantage of the 5% savings APY. Leave a fair chunk of change in there to prove you are not just there to game their product. To me this is a win/win if it’s sustainable and profitable for both sides.

This is a $3000/day with no weekly/monthly/annual cap. What more can we ask for?

AGAIN, just my 2 cents.