OnePay: who holds your money
OnePay is not a bank. OnePay says customer money is held at Coastal Community Bank and Lead Bank, with insurance reaching customers as pass-through FDIC insurance at the partner bank, subject to the app's recordkeeping. We read this information in the app's own public disclosure on September 5, 2026, and this page quotes that disclosure below. You can check each partner bank's own page on this site.
OnePay is not a chartered bank, so customer money sits at 2 partner banks: Coastal Community Bank and Lead Bank. Each bank has letter C on this site, a grade comparing it with banks of similar size. Federal deposit insurance reaches customers through those banks, provided OnePay’s records identify each customer. The limit is $250,000 per depositor, per insured bank, for each account ownership category. This information reflects OnePay’s disclosure read on September 5, 2026.
Partner banks
- Coastal Community BankFDIC #34403 · program bank27.4%above the insured limitC21.4
- Lead BankFDIC #8283 · program bank30.0%above the insured limitC39.9
The figure is the share of total bank deposits above the $250,000 federal insurance limit, reported quarterly to the FDIC. High shares are normal for banks holding large app program balances. They do not mean your balance is uninsured: pass-through insurance usually covers customers individually at the partner bank. Across US banks in 2022 to 2026, those above roughly 36% saw large quarterly total deposit declines more often than those below. Most banks above that level saw no such fall. This measures deposit movement and does not predict trouble for any bank.
Disclosure
OnePay™ is a financial technology company, not a bank. Banking services provided by Coastal Community Bank or Lead Bank, Members FDIC.
www.one.app · as of September 5, 2026