Here’s a comprehensive guide to getting started with OnlyOne Neobank, covering everything from account setup to managing your finances efficiently:

What is OnlyOne Neobank

OnlyOne is a mobile app that allows you access to innovative financial services from a digital-only bank. Unlike traditional banks, it is completely online and provides features such as environmental sustainability, no hidden fees, superior budgeting tools and easy international payments.

Features of OnlyOne Neobank

Sustainable banking: It supports eco-friendly initiatives like tree planting for every transaction.

Fee transparency: No hidden fees, with free or low-cost international transfers.

Budgeting tools: Real-time tracking of expenses and setting savings goals.

Virtual Cards: Virtual cards for online shopping, issued on the spot.

Security: The two-factor authentication and encryption option protect your account.

OnlyOne is a neo bank built to manage your life, focused on freelancers, gig and side workers.

Create an account

In this app, you need to open the app and click on “Sign Up”.

Basic personal information includes your full name, email, phone number and date of birth.

You must upload a valid government-issued ID (passport, driver’s license or national ID card) for verification.

Connect your existing bank account

When you fund your OnlyOne account, link your existing bank account or debit card.

If you’re going to use it as your primary account, set up direct deposit instead.

Set up a virtual or a physical card

After account approval, you can buy a virtual card ready to be used immediately or even order a physical card if it’s available. When the card arrives, activate the card in the app.

Navigating the OnlyOne App

Dashboard Overview: Your account balance, recent transactions, and spending insights are displayed on the home screen.

Features to explore

Spending categories: Automatically categorizes your transactions such as groceries, travel, or bills.

Savings goals: Automate how much you save, then set savings targets.

Eco-Impact: Begin tracking the environmental impact of your transactions; did these transactions plant trees or offset CO2?

What to know about managing finances with OnlyOne

Deposits and Withdrawals: You can move funds from a connected bank account or direct deposit to your OnlyOne account. If you have the OnlyOne physical card, use it to withdraw money at ATMs.

Budgeting & analytics

• Set spending limits for spending categories through the in-app budgeting tools.
• Review spending analytics and see where you possibly can save some money.

Payments

• Directly transfer domestically and internationally from the app.
• You can use your virtual card to make online purchases or link it to mobile payment apps like Apple Pay or Google Pay, and have your hotel send the bill.

Optional shared accounts

Open joint accounts with family or friends on which you can both put money and use it for shared expenses.

Security tips

Share this page and enable two-factor authentication (2FA) for extra security.

Use a strong, yet unique, password for your account. To take advantage of security patches, you must keep your app updated to the latest version.

Troubleshooting and support

If you encounter any issues:

• In-App help: Use the support section in the app to check your frequently asked questions.
• Customer support: If you are having trouble, contact OnlyOne’s support team via chat or email.
• Community: For tips and updates, join OnlyOne’s community forums or social media.

Eco-conscious banking

OnlyOne plants trees, or invests in environmental projects, that are based on your transactions of the currency.  Instead, you can use the app to keep a tab on how your banking activity is helping the planet.

Closing thoughts

As OnlyOne Neobank, they are designed for users who prefer convenience, transparency and sustainability in their financial activities. Its simple setup process and beefy app features make it a perfect option for modern banking needs.

You may also find these articles helpful

Guide on buying BNB

Best way to transfer money from Canada to the UK

Robo-advisor regulations in the EU