OneUnited Bank
About
OneUnited Bank is a Boston-based, Black-owned bank and community development financial institution, or CDFI, that offers personal banking largely through its digital app. Customers can open accounts with early direct deposit, automated savings and real-time payments, and the bank offers loans without a credit check as an alternative to payday loans, along with tools to build or rebuild credit. It focuses on financial wellness and building generational wealth.
The bank launched one of the first online banking platforms and has since added WiseOne, an AI-driven money management tool built with Google Gemini. WiseOne links outside accounts, builds budgets automatically, flags hidden fees and unused subscriptions, monitors credit and answers money questions in plain language. The bank also publishes articles on credit, financial literacy, digital banking and social justice, and it promotes paths to wealth such as homeownership and life insurance.
What to Know
- Customers can use a network of more than 100,000 surcharge-free ATMs.
- Its customer support team is based in the United States.
- The WiseOne tool itself is not FDIC insured, though the bank is.
- It is listed in the Black Owned Boston public directory.
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