Account Type

Account Type

What type of account is my Simple account?

If another bank or financial institution asks “Checking or Savings,” go ahead and select “Checking.”

Your Simple account works just like a standard checking account. Your account can accept wires and direct deposits , and it supports pre-authorized withdrawals and interbank transfers through the Automated Clearing House (ACH) Network.

Do you offer savings accounts?

Nope, we don't offer dedicated savings accounts (although your Simple account has built in savings tools). This may change down the road; we'll keep you posted as we have news on that front.

Can I open a business account?

Not right now—Simple accounts are designed for personal use and they cannot be used for business purposes.

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