by John Kim

Settle Up with Instant

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Simple customers have come up with some creative strategies for transferring money between Simple accounts. For example, we’ve seen spouses and partners manage household expenses by splitting direct deposits. We’ve seen friends settle up bar tabs with cash from ATMs or by sending each other checks through our Send Money service. Our customers have gone to this trouble because they’ve loved using Simple, but we’ve always wanted to make this a better experience.

Instant transfer funds for flying home to meet family Share money anytime you need to, from the everyday to the day you finally meet the parents.

Now with Simple Instant, spouses, partners, and friends who are Simple customers will be able to instantly move money between accounts. No holds, no checks, no fees, no wait. Just your money, in an Instant, with all the ease you’ve come to expect from Simple.

How it Works

You can add another Simple customer to your Instant contacts with just their email address and phone number. Once they’ve confirmed the connection, you’ll be able to send and receive funds instantly. Two-factor authentication during confirmation adds an extra layer of security without slowing down the process.

If you use Simple with a partner, you can make sure money for bills and expenses is where it needs to be. Instant is great for shared financial goals—like plane tickets home for the holidays—which could otherwise be a pain to purchase jointly. Roommates using Simple can pay back their share of monthly rent the moment it’s due. Friends and co-workers can quickly settle up for lunches, drinks, tickets, dinners, and evenings out.

A Piece of the Big Picture

Part of our mission is to help you track the story of your transactions. We’ve introduced tools like photo attachments, memos, and hashtags to help you track and tell your spending story. When you use cash to pay back a friend, you’ve lost a part of that story. We want to help you enrich and store all of your transactions, small and large–from the great guac at the new Mexican place you found to the gift you bought for your new baby niece. Simple Instant helps bring even more of your financial story together.


Simple Instant is available on the web now, followed by iOS and Android support. Learn more about it Simple’s other mobile banking features here.

Learn More

Disclaimer: Hey! Welcome to our disclaimer. Here’s what you need to know to safely consume this blog post: Any outbound links in this post will take you away from Simple.com, to external sites in the wilds of the internet; neither Simple or our partner bank, BBVA USA, endorse any linked-to websites; and we didn’t pay/barter with/bribe anyone to appear in this post. And as much as we wish we could control the cost of things, any prices in this article are just estimates. Actual prices are up to retailers, manufacturers, and other people who’ve been granted magical powers over digits and dollar signs.

Important! Keep your account safe from fraud

As fraud attempts are on the rise recently — especially related to unemployment funds — help us keep your account safe by following these guidelines.

Use your Simple Account only for your own personal use. Don’t share your account with others or receive funds on behalf of third parties.

Don’t share your username or password with others. Never give out your login information. Simple will never ask you to tell us your password — if any third party makes such a request, it’s an attempt at fraud.

Don’t open an account at someone else’s request. If someone else asks you to open a Simple Account — such as a real estate company, prospective employer, or someone you met online — it is likely an attempt at fraud.

Be alert for unemployment insurance fraud. You may be violating the law and the terms of your Simple Account if you receive deposits of unemployment funds on behalf of someone else. 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.

Don’t receive funds on behalf of a third party. Keep in mind that receiving funds on behalf of a third party violates the terms and conditions of your Simple Account; in such instances, we may restrict and/or close your account and hold the funds while we await direction from enforcement agencies.

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