One Pay – Cash Back Deal Program Terms

Effective as of April 9th, 2024

The Cash Back Deal Program (the “Program”) provides cash back deals on qualifying Walmart purchases (each a “Cash Back Deal”) to One Pay Customers. Cash Back Deals are not legal tender and are non-transferable. Each Cash Back Deal is subject to these Cash Back Deal Program Terms (“Terms”), ONE's Terms of Service, Privacy Policy,  and any specific Cash Back Deal terms set forth in the ONE App. Available Cash Back Deals can be found in the One Pay tab in the ONE App.  By accessing or otherwise using the services made available by ONE Finance, Inc. (“ONE”) you agree to be bound by these Terms.  Note that some products or services may not be eligible for purchase using One Pay.

1. Cash Back Deal Availability

A new cash back deal will be given to you after using One Pay to complete an eligible Walmart purchase, except when you already have an active Cash Back Deal and your purchase does not meet the requirements for that deal. In such instances, the current Cash Back Deal will persist until you either (i) make a purchase that meets its requirements or (ii) it expires. Otherwise, ONE makes Cash Back Deals available at its sole discretion and does not guarantee or otherwise represent that customers will have a Cash Back Deal available at any given time. Requirements for Cash Back Deals may vary by customer and not all customers will have the same Cash Back Deals made available to them.  

Cash Back Deals may be applied to future purchases only and you are limited to using a maximum of three (3) Cash Back Deals per day, measured in Pacific Time (PT). In the event a customer makes purchases that meet the requirements for three (3) Cash Back Deals in a single day, they will not receive a Cash Back Deal after completion of that third purchase, but will be able to receive Cash Back Deals on future purchases, beginning 12:01AM PT the following day.

2. Program Participation

Cash Back Deals can only be applied to Walmart purchases made in the United States through One Pay. To receive cash back in connection with a Cash Back Deal you must (i) make a qualifying purchase that meets the requirements of a Cash Back Deal and (ii) have a non-restricted ONE Deposit Account linked to your One Pay. Customers will not have earned or otherwise have any rights to cash back through the Program without a non-restricted ONE Deposit Account linked to their One Pay.   

If your application for a ONE Deposit Account is denied of if your account is restricted in any way (e.g. your ONE Deposit Account is put into Limited-use, as detailed in the ONE Deposit Account Agreement) you will no longer be eligible to participate in the Program and any previous benefits you may have received in connection with the Program will be forfeited, including, without limitation, any cash back. If you purchase a ONE Retail Card at a Walmart store, you must complete the account opening process described in the ONE Deposit Account Agreement in order to open your ONE Deposit Account and participate in the Program. 

To successfully redeem a Cash Back Deal you must meet its requirements in a single transaction, after the application of any discounts or credits. If your purchase is processed in separate transactions and neither transaction meets the requirements for a Cash Back Deal, you will not have met the deal requirements. A Cash Back Deal may only be redeemed once.

If you dispute, return, or charge back a purchase that met the requirements of a Cash Back Deal, ONE reserves the right to recover any cash back that was given in connection with that purchase or revoke any rights you may have to receive cash back in connection with that purchase. ONE will recover cash back from the Savings Pocket in which ONE initially placed it, but if you have insufficient funds in that Pocket to cover the recovery, then ONE may seek to recover those funds from the other Pockets of your ONE Deposit Account.

3. Cash Back Receipt 

If you have a ONE Deposit Account linked to your One Pay, cash back will be deposited into your Savings Pocket at the time a qualifying purchase is authorized, but may occasionally be delayed. 

If you do not have a ONE Deposit Account linked to your One Pay, you must link a non-restricted ONE Deposit Account to One Pay within six (6) months from the date of the qualifying Walmart purchase. If you do not link a non-restricted ONE Deposit Account during this time period, your rights to any cash back in connection with that qualifying purchase are forfeited.

4. Additional Terms

Cash Back Deals made available through the Program may be combined with other promotions made available by ONE. To the extent a ONE customer’s purchase meets the eligibility criteria of a Cash Back Deal and available promotions, that purchase will be applied to the Cash Back Deal and to the available promotions, to the extent permitted by the terms and conditions of the available promotions. 

The Program and any Cash Back Deal made available through the Program may be modified or canceled at any time, with or without notice to you. If it is determined that you have engaged in or plan to engage in abuse or gaming in connection with the Program, you will be prohibited from further participation in the Program, forfeit any right to cash back that has not yet been distributed to you and ONE reserves the right to recover any cash back that you have already received. ONE makes decisions related to gaming or abuse in its sole discretion and those decisions are final, not subject to review or appeal.

As of April 9th, the Annual Percentage Yield (APY) for funds in Savings is 5.00% up to $250,000 in total  for customers who either (i) received $500 or more of eligible direct deposits in the previous month (ii) have a total daily account balance of $5,000 or more (iii) save directly through PayAutosave or ONE@Work Save, and 1.00% for all other Savings balances.

ONE may issue you an IRS Form 1099-MISC, or other appropriate forms reporting the value of cash back earned through the Program.