About Simple

Simple is not a bank. Simple replaces your bank. Funds live in FDIC-insured accounts with their partner bank, The Bancorp Bank, and Simple provides everything else. Simple allows members to make purchases with a Simple Visa® Card, deposit checks using their smartphone app (coming soon), set up direct deposit, earn interest, pay bills, transfer money, withdraw cash from over 40,000 ATMs, and more. Beautifully-designed web and mobile apps, no surprise fees, and real customer service.
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Overall Rating

MyBankTracker rated Simple based on the following criteria that includes real customer reviews and bank fees, among others. Our bank report card is a proprietary rating system that highlights the financial health and stability of the bank.

A

MyBankTracker Rating

Customer Rating
Based on 91 Reviews
Financial Health
Based on Texas Ratio: 19.99
Bank Fees
vs. Average
Bank Rates
vs. Average
Mobile Deposits
Mobile Deposits
Mobile Banking
Quality of Mobile Services

Most Helpful Customer Reviews

countvidal's Profile Image

Reviewed by countvidal

Mar 4th 2015

5 out of 5 marks

Not a Big Bad Bank

Simple feels like your personal banker in your pocket. Support staff are always ready to help you. There is no getting transferred 4 times to somebody in india that can barely speak english.

Is this review helpful? ▲ Yes 1 ▼ No 0

avezbanking's Profile Image

Reviewed by avezbanking

Mar 13th 2015

5 out of 5 marks

An Internet Bank with a Personal touch

I've run the gamut of issues you can present to a bank, as freelancer with irregular income - I am the worst. What sets Simple a part from other banks, even comparable internet banks, is that they are proactive and communicate with you! I got a message today about my name being misspelled by a check issuer, and ended up having a very friendly chat where a cat picture was exchanged. I am so charmed that I am leaving a review wherever I can. They absolutely deliver on their promise: it's simple. Simple in the good way. Operated by human beings - good human beings. I am chucking my interest bearing Charles Schwab account, which has better perks, because I've never actually felt a genuine connection to a service provider the way I feel for Simple.

Is this review helpful? ▲ Yes 1 ▼ No 0

Matt1900's Profile Image

Reviewed by Matt1900

Jan 7th 2015

5 out of 5 marks

Simple Is A Great Bank - No Nonsense!

I've been a member for close to a year now. It's been really an enjoyable experience. The customer service is superbly friendly. They make you feel very welcome. The bank is an online/app only bank. No local branches. But that really just adds to the beauty of simple bank. It really is simple. It's a pleasure to use them as my main bank. I would not suggest using them as one's sole bank, definitely have a local secondary, but with that said--it makes an awesome primary.

Is this review helpful? ▲ Yes 1 ▼ No 0

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Bank Rates

NAME RATE (APY) MIN TO EARN APY Min Deposit
Simple Account

0.01%

$0

$0

Banking Fees

Type Fee National average
Monthly Inactivity

$5

$7

Non-Sufficient Fund (Overdraft)

$0

$30

Stop Payment item

$15

$27

Return Deposit

$0

$13

Domestic Wire Transfer (Outbound)

$0

$22

Domestic Wire Transfer (Inbound)

$0

$9

Non-Bank ATM

$0

Non-Allpoint ATMs: No Fee, No Refund

$1