Simple will be closing and it's been an honor to serve you

Thanks to all the customers who have been part of our journey. Simple account servicing will transition to BBVA USA later this year. Customers can still use their accounts as usual for now.

How Simple works.

Put money in your account
Either by direct-depositing your paycheck or transfering from another bank.

We’ll help you divvy things up
Making sure your Expenses and Goals are covered, automatically.

So you can spend with certainty
Knowing exactly how much of your total balance is Safe-to-Spend®.

Always know what's Safe-to-Spend®.

Make smart spending decisions on the spot. Our budgeting tool does the 'can-I-buy-this?' math for you, setting aside enough money every month to cover your Expenses and Goals.

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Make plans for what to do, not what’s due.

Set up your recurring expenses (think power bill, cable, internet) in our app, and we'll do the work of saving for them each month. When you know your bills are covered, you can focus on the fun parts of having money—like saving for a trip to Japan and buying that new bike.

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Save toward your goals, automatically.

Goals make it easy to save for the things you want or want to do. There’s no need for spreadsheets or extra apps to budget and track your money. It’s right there inside your Simple checking account, growing bit-by-bit until you’re ready to spend.

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Build your savings without even trying.

Turn on Round-up Rules and start saving up effortlessly. Whenever you make a purchase, Simple will round up what you spend to the next whole dollar amount. When the “change” from those transactions reaches or exceeds $5, Simple transfers it to your Protected Goals Account — so easy you won’t even feel it. It’s like a digital change jar... one that adds up to real money in the bank.

Keep track of your money at a glance.

Your transactions tell a story. Add photos and notes to better remember every purchase. And quickly search your account by merchant name, keyword, and hashtags to capture all your important (#freelance) and “important” (#carbparty) purchases.

A little a day goes a long way.

Traveling to Europe was a lifelong dream of Johnny’s. He used Simple to put a plan in place, and on a modest salary, saved $3,000. Once he landed, he never found himself questioning how much he could spend on a meal or experience. Read more about how he saved, and how Simple helped.

The finest print: The rates are effective as of January 26, 2021, are variable and subject to change after the account is opened. Accounts subject to approval. Balances in your Simple Account earn 0.00% Annual Percentage Yield. In order to open a Protected Goals Account, you must already have a Simple Account open. For the Protected Goals Account, see the rates below.

Daily Collected Balances

This means that we use the account’s
end of day balance to calculate the interest earned that day.
APY
$0.01 to $1,999.99 0.40%
$2,000 to $4,999.99 0.40%
$5,000 to $9,999.99 0.40%
$10,000 to $14,999.99 0.40%
$15,000 to $19,999.99 0.40%
$20,000 and above 0.40%

1 Check it out for yourself (based on the January 25, 2021 National Rate): https://www.fdic.gov/regulations/resources/rates/

Important! This account is for your personal use only

An increasing number of customers are being targeted by fraud scams. Before you apply, review these guidelines to help prevent you from being involved in fraudulent activity.

Do not open an account on behalf of someone else
If anyone asks you to open a Simple Account to receive funds, it is an attempt at fraud. Common fraud attempts include requesting that you open an account to receive a gift or bonus offer, obtain a job or job training, or help someone else receive funds (such as unemployment benefits).

Do not share your login or account information with anyone
Neither Simple nor any other legitimate institution will ever ask for your account information. If any third party requests your Simple Account login information, it is an attempt at fraud. Sharing your account information with another person or allowing someone else to use your account to receive funds is a violation of the Simple Deposit Account Agreement terms and conditions and can expose you to fraud.

Actions we may take if fraud is suspected

We take fraud and security very seriously at Simple, and take rapid action in the instance of suspected fraud attempts.

We may freeze and close accounts
We may freeze and close accounts if fraudulent activity is suspected, including the following circumstances:

We will report fraud attempts
We are responsible for reporting fraud attempts to authorities, including attempted unemployment fraud. There are state and federal penalties for unemployment insurance fraud (including potential fines and incarceration). If you suspect you are a victim of unemployment fraud, contact the appropriate state fraud hotline listed here.

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