What is Simple?

Way back when, in 2009, after another frustrating banking experience involving hidden fees, unnecessary products, long holds, and complicated conversations, Simple’s future founder Josh Reich emailed his friend (and future co-founder) Shamir Karkal, with some big questions:

Why is banking so complicated?
Can a bank exist to help people, not confuse them?
What if banks didn’t charge so many ridiculous fees?
What if your bank taught you to feel confident with money?

The answer to each question was Simple.

Years after that first email, growing swiftly into our beautiful, multi-floor homebase in the misty valleys of Portland, Oregon (and the many other states from which our remote employees hail), we are still asking those questions. We’re answering them, too.

We created an FDIC-insured checking account built to help you save money, and to support smart spending with built-in budgeting tools. The accounts are free and our customer service is kind, helpful and human (in other words, talking to us won’t inspire you to start a bank of your own out of frustration).

Sometimes, all it takes to change things is to start asking questions.

We hope that no matter what brought you here, whether you’re a poor poet in need of some budgeting help (true story) or a budget-wise financial wizard who wants an account to replace their spreadsheets (also a true story), a round-the-country-traveler in need of a banking experience to support that mobile lifestyle (oh hey, true again), you know that we see you. We see the banking industry and agree that it needs to change. And we’re working to change it for all of us.

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.

I acknowledge that I have read this notice Continue Application