Is one United Bank Black-owned?
All of our board of directors and management team, the majority of which are African American, also own shares in OneUnited Bank. The FDIC has a website for Minority Depository Institutions or MDIs that provides information on Black banks including Black owned banks.
We use state-of-the-art fraud protection tools to ensure your money is safe and secure. We're also FDIC insured. If you need assistance, contact our Customer Support team today at 877-663-8648.
For checking and savings accounts, you can deposit up to $100,000 per day or $150,000 monthly using Funds Transfer in online banking.
About OneUnited Bank
We're the nation's largest Black-owned bank, first Black-owned digital bank, and award winning CDFI with branches in Boston, Los Angeles and Miami.
There are no monthly maintenance service fees for our Black Wall Street Checking or our Certificates of Deposits (CDs). Other products have a monthly maintenance service fee.
Use CashApp, Venmo, Paypal, Zelle
Bank your way. Use your OneUnited debit cards in payment apps.
Over 100,000 Customers, Over 100,000 Locations | America's Largest Black Owned Bank | OneUnited Bank.
Yes, OneUnited Bank has two overdraft programs: Overdraft Protection and Overdraft Privilege. Details are available in our Deposit Account Agreement located HERE. Did this information resolve your issue?
- Login to the mobile app.
- Select Add Money from the bottom menu bar.
- Select Find Location to Add Cash.
- Click Search.
- Select Search Options.
- Check 'Deposit-Taking ATMs' only (which are 'Surcharge-Free') and Cash to Card Locations.
- Enter your zip code.
What fees will I be charged if OneUnited Bank pays my overdraft? Under our standard overdraft practices: We will charge you an Insufficient Funds Charge of $37 each time we pay an overdraft.
What is the best bank for black people?
OneUnited Bank is the nation's largest black-owned FDIC-insured bank with offices located in California, Florida, and Massachusetts. It is a designated Community Development Financial Institution (CDFI) that serves low to moderate income communities.
- The Harbor Bank of Maryland. Established in 1982, the bank started with a $2.1 million in assets. ...
- Industrial Bank. ...
- Citizens Trust Bank. ...
- OneUnited Bank. ...
- Carver Federal Savings Bank.
OneUnited Bank is the nation's largest Black-owned and FDIC-insured bank. It was established by combining Black-owned banks from across the country.
Choose a Fee-Friendly Account
Look for accounts with no monthly maintenance fees. Our Black Wall Street Checking account was built to put power back in your hands. No monthly fee here! With just a $25 dollar deposit, you can open your OneUnited Bank checking account today.
| Product | Minimum Average Daily Balance to Obtain APY | Interest Rate |
|---|---|---|
| UNITY E-Gold Checking | $100 or more | 0.10% |
| BankBlack Savings | $200 or more | 0.20% |
| UNITY Gold Checking | $100 – $24,999.99 | 0.10% |
| UNITY Gold Checking | $25,000 or more | 0.10% |
OneUnited Bank
OneUnited's assets total $684,872 million according to its FDIC financial snapshot. On its website, the bank said it “understands we have to focus on money to improve the lives of our community” and is leading the official #BankBlack Challenge.
Active users of the OneUnited Bank Mobile App can register for Mobile Deposits to deposit a check by simply taking a picture of the check from your mobile device with access to the 3G/4G/EDGE/LTE or WIFI networks.
FedNow is not replacing PayPal and other apps, such as Venmo, Cash App and Zelle. Still, the service's availability will depend on whether your bank opts in.
Cash App is a financial platform providing services through its bank partners, Lincoln Savings Bank and Sutton Bank. It also offers investing services through Cash App Investing LLC, which is a registered broker-dealer and a Financial Industry Regulatory Authority (FINRA) member.
In 2001 the institution merged with Founders National Bank of Los Angeles, of which the majority owners were former professional basketball player and businessman Earvin "Magic" Johnson, musician Janet Jackson, and former Motown Records President Jheryl Busby.
Is United bank a strong bank?
Through a combination of hard work, integrity, strategic acquisitions, and unrivaled customer service, United has grown to be one of the top fifty largest banking companies in the United States.
Bank Online, Elevate Your Finances
Use online banking to get AI-driven insights, monitor security, move money, manage your accounts, and more. Elevate your finances with revolutionary technology.
But you will not be able to withdraw cash or transfer money until your account balance is back in credit or within its limit. Unarranged overdrafts can be bad for your credit score.
| Account | Forbes Advisor Rating | Products |
|---|---|---|
| Discover® Bank | 4.9 | Savings, Checking, MMAs, CDs |
| Capital One 360 | 4.8 | Savings, Checking, CDs |
| Chime® | 4.6 | Checking, savings, secured credit card |
| SoFi | 4.6 | Checking |
In general, for debit card transactions at ATMs or at merchants, consumers must opt-in, or agree up front, that the bank can charge you an overdraft fee for any debit card transaction that overdraws the account. If you don't opt-in, you can't be charged a fee.
