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Spend Limits

For the most accurate info, select your account’s partner bank.

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Your partner bank is in your card number.

Check the first two digits: “40” means BBVA Compass, “48” means Bancorp. You can also sign in to Simple and check your “Account Numbers” screen.

What are my spending limits?

There are several limits on what you can spend daily and monthly. (Monthly means a rolling 30 day period).

We're not able to increase these limits (except for the international card swipe limit, which we can increase up to $6,000 daily), but we can help you find alternate ways to make a purchase. Just give us a call at 888-248-0632 or send us a message!

Transaction Type Daily Limit International Daily Limit Monthly Limit
Card Transactions $6,000 $1,000 $20,000
Payments $5,000 $18,000
ATM Withdrawal $500 $500 $5,000
Cash Advance* $5,000 $1,000
Cumulative Total* $8,000 $38,000

*Please note—the cash advance limit does not include card purchases, but does include any ATM withdrawals made that day.

The cumulative spend limit includes card transactions, payments, ATM withdrawals, and cash advances, but does not include interbank transfers or treasurer's checks.

Transfer Limits

External Accounts

You can transfer up a total of $5,000 out of Simple and $5,000 into Simple in the 30 days after your account has been approved.

After your account has been open for 30 days, you can transfer up to $10,000 per day, and $30,000 per month.

Simple Instant

You can send a total of $2,000 in the first 30 days after your account is approved.

Once your account has been open 30 days, you'll be able to send up to $2,000 per day, and $10,000 per month.

What if I need to make a large purchase?

The whole point of saving more is so you're able to make purchases that matter. Sometimes, those purchases will exceed these limits. There are a few ways to get virtually unlimited amounts of funds out of your account.

If you know how much you'll need several days in advance, a treasurer's check is the way to go. You can also set up an auto debit. Finally, if you have another bank account, you can set up a transfer on their end to move money out of Simple. The limits on our External Accounts feature do not apply to transfers initiated by another institution.

One thing to keep in mind is that certain payments (such as the down payment on a house) may require a large check on extremely short notice. If you're in the market for something like this, it might be worth considering opening up an account at a local bank. Although branchless banks work admirably for most life circumstances, sometimes you need a service that only physical branches can offer. If you're not sure if this will be necessary, send us a support messagesend us a support messagesend us a support message or give us a call at 888-248-0632 so we can talk over the options together.

What are my spending limits?

There are several limits on what you can spend daily and monthly. (Monthly means a rolling 30-day period.)

We're not able to increase these limits (except for the international card swipe limit, which we can increase up to $6,000 daily), but we can help you find alternate ways to make a purchase. Just give us a call at 888-248-0632 or send us a message!

Transaction Type Daily Limit International Daily Limit Monthly Limit
Card Transactions $6,000 $1,000 $20,000
Payments $5,000 $18,000
ATM Withdrawal $500 $500 $5,000
Cash Advance* $5,000 $1,000
Cumulative Total* $8,000 $38,000

*Please note—all card transactions (including cash advances) contribute towards the card transactions limit.

*The cumulative spend limit includes card transactions, payments, ATM withdrawals, and cash advances, but does not include interbank transfers or treasurer's checks.

Transfer Limits

External Accounts

You can transfer up to $5,000 out of Simple and $5,000 into Simple in the 30 days after your account has been approved. This is a cumulative limit for first month.

After your account has been open for 30 days, you can transfer up to $10,000 per day, and $30,000 per month.

Simple Instant

You can send a total of $2,000 in the first 30 days after your account is approved.

Once your account has been open 30 days or longer, you'll be able to send up to $2,000 per day, and $10,000 per month.

What if I need to make a large purchase?

The whole point of saving more is so you're able to make purchases that matter. Sometimes, those purchases may exceed these limits. There are a few ways to get virtually unlimited amounts of funds out of your account.

If you know how much you'll need several days in advance, a treasurer's check is the way to go. You can also set up an auto debit. Finally, if you have another bank account, you can set up a transfer on their end to move money out of Simple. The limits on our External Accounts feature do not apply to transfers initiated by another institution.

One thing to keep in mind is that certain payments (such as the down payment on a house) may require a large check on extremely short notice. If you're in the market for something like this, it might be worth considering opening up an account at a local bank. Although branchless banks work admirably for most life circumstances, sometimes you need a service that only physical branches can offer. If you're not sure if this will be necessary, send us a support messagesend us a support messagesend us a support message or give us a call at 888-248-0632 so we can talk over the options together.

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