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Taxes

For the most accurate info, select your Simple 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.

Moving to BBVA Compass and your taxes

You’ve probably already heard that we’re moving to a new partner bank, BBVA Compass. If you’re planning to pay your taxes or receive a refund with your Simple account, there are a few facts you need to know:

  • Your account and routing number will change when you make the move.
  • If you’ve finished the move by the time you file, use your new account and routing number.
  • If you’re in the middle of the move when you file, use your original account and routing number. Then, give us a call at 888-248-0632 or send us a support messagesend us a support messagesend us a support message before you finish the move (or as soon as possible afterwards!). We can make sure the timing works out.
  • Our Support team is here to make this process seamless. Hit us up—we’ve got answers to all your questions.

Getting your refund

You can receive a refund with your Simple account as long as it’s in your name (joint tax returns are fine as long as your name is one of the two listed). If you get a refund that isn't in your name, it'll be automatically returned after a few business days. Banks are required to carefully review tax refunds to make sure the funds reach the right person.

Here are the options for depositing your refund into your Simple account:

  • The quickest option is to have your refund directly deposited into Simple. Keep in mind: if you choose this option, you’ll want to wait for your refund to arrive before finishing the move to our new partner bank, BBVA Compass. If you have questions about this, give us a call at 888-248-0632!
  • If you choose to get your refund as a check, keep our Photo Check Deposit limits in mind. If the check exceeds your deposit limit, you can deposit it by mail. Joint refund checks must be endorsed by both people on the check.

If you want to know when your refund will arrive, you can track it over here: https://www.irs.gov/Refunds

Paying your taxes

There are several ways to pay your taxes with Simple. The best option depends on the circumstances and the entity you're going to pay.

  • You can schedule an auto debit. Heads up: if you scheduled your payment with your original account and routing numbers (before moving to our new partner bank, BBVA Compass), wait until the payment goes through before finishing the move. If you have questions, give us a call at 888-248-0632—we’re here to help!
  • The IRS and some states accept card payments, so you can pay them with your Simple Visa® Card. Keep in mind the $6,000 daily card spend limit.
  • Our payment service isn't able to send checks to tax entities, but you can mail them a money order. You can pick up a money order with your Simple card at any USPS office. You can also get them with cash at many grocery and convenience stores.

1099-INT Forms

We will mail you a 1099-INT if your account has earned $10 or more in value over a calendar year. This can include interest, a referral wallet, or potentially other credits. If your account has earned less than $10, we won't send you a 1099-INT.

Getting your refund

You can absolutely receive a tax refund with your Simple account. One thing to keep in mind: the refund has to be in your name. If you get a refund that isn't in your name, it'll be automatically returned after a few business days. Banks are required to carefully review tax refunds to make sure the funds reach the person the government is sending them to. We are able to accept joint tax refunds as long as one of the people listed on the refund is the account owner.

Getting the money into Simple is really straightforward.

If you want to know when your refund will arrive, you can track it over here: https://www.irs.gov/Refunds

Paying your taxes

There are several ways to pay your taxes with Simple. The best option depends on the circumstances and the entity you're going to pay.

  • You can schedule an auto debit (also called electronic funds transfers).
  • The IRS and some states accept card payments, so you can pay them with your Simple Visa® Card. Keep in mind the $6,000 daily card spend limit.
  • Our payment service isn't able to send checks to tax entities, but you can mail them a money order. You can pick up a money order with your Simple card at any USPS office. You can also get them with cash at many grocery and convenience stores.

It's tough to find out that you owe more than you expected. If you're preparing your taxes early and find out that you owe money, a Goal can make it easier to save up before your tax bill is due.

1099-INT Forms

We will mail you a 1099-INT if your account has earned $10 or more in value over a calendar year. This can include interest, a referral wallet, or potentially other credits. If your account has earned less than $10, we won't send you a 1099-INT.

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