Sending an External Account Transfer

Sending an External Account Transfer



info iconFirst things first

Before you send a transfer, you need to link your other bank account to Simple. Learn how to do that here:

Transferring funds

  1. Sign in to your account on the web.
  2. Select Move Money, and then Transfer to or from a bank from the menu.
  3. We'll auto-fill one of your accounts, but if you have more than one linked, click the From field to switch accounts.
  4. Choose which way you'd like the transfer to go.
  5. Enter the amount you'd like to transfer, the date you'd like your funds to be withdrawn, and whether or not you'd like the transfer to reoccur. The transfer will be completed and the funds will be deposited into the other account a few business days later
  6. Make sure you're ready for the transfer to go through (once a transfer request is submitted, there's only a brief window during which you can cancel it), and hit Submit.

How long do transfers take?

Incoming Transfers Outgoing Transfers
3-4 business days 1-2 business days
  • A transfer request that is submitted before 8:35 p.m. ET (5:35 p.m. PT) on a business day will start processing that day.
  • Incoming transfers arrive around 11:30 a.m.-1:30 p.m. ET (8:30-10:30 a.m. PT) on business days.
  • When you schedule a transfer, we'll show you both the date the funds will be withdrawn from one bank, and the date the funds will be credited to the other.

External transfer dates

Why do transfers take this long?

  • These transfers take a few days because there are a lot of steps involved, and each step goes through the central ACH (Automated Clearing House) network.
  • Incoming transfers take longer because we have to send a transfer request to the other bank, wait for them to send the funds, and then finish processing the transfer.
  • Outgoing transfers are a bit quicker because there's no need to request the funds. We just send the funds to the other bank and they credit your account.

Can transfers be canceled?

It depends—you can cancel a transfer up until it starts processing. Head over here to learn more:

Transfer Limits

Transfer limits vary and are based on a variety of factors. If you schedule a transfer for more than your limit, you will see an error and your limit will be displayed. If you have any additional questions about your limit please reach out to us directly.

Transferring funds

  1. Sign in to your account on the iOS app.
  2. Go to the Move Money tab: move money icon
  3. We'll auto-fill one of your accounts, but if you have more than one linked, click the From field to switch accounts.
  4. Then choose To Simple or From Simple, and enter the amount that you would like to transfer.
  5. Next, select the date you'd like the transfer to be withdrawn and whether or not you'd like the transfer to reoccur.
  6. Make sure you're ready for the transfer to go through (once a transfer request is submitted, there's only a brief window during which you can cancel it), and then tap the confirmation button.
  7. Once you see the transfer in your Scheduled Activities, you can edit it to spend from a Goal.

How long do transfers take?

Incoming Transfers Outgoing Transfers
3-4 business days 1-2 business days
  • A transfer request that is submitted before 8:35 p.m. ET (5:35 p.m. PT) on a business day will start processing that day.
  • Incoming transfers arrive around 11:30 a.m.-1:30 p.m. ET (8:30-10:30 a.m. PT) on business days.
  • When you schedule a transfer, we'll show you both the date the funds will be withdrawn from one bank, and the date the funds will be credited to the other.

    External transfer dates

Why do transfers take this long?

  • These transfers take a few days because there are a lot of steps involved, and each step goes through the central ACH (Automated Clearing House) network.
  • Incoming transfers take longer because we have to send a transfer request to the other bank, wait for them to send the funds, and then finish processing the transfer.
  • Outgoing transfers are a bit quicker because there's no need to request the funds. We just send the funds to the other bank and they credit your account.

Can transfers be canceled?

It depends—you can cancel a transfer up until it starts processing. Head over here to learn more:

Transfer Limits

Transfer limits vary and are based on a variety of factors. If you schedule a transfer for more than your limit, you will see an error. If you have any additional questions about your limit please reach out to us directly.

Transferring funds

Once you’ve linked an external account, you can schedule a transfer.

  1. Sign in to the Android app, and swipe right to bring up the menu.
  2. From the menu, select Move Money, and then Transfer to or from a bank.
  3. We'll auto-fill one of your accounts, but if you have more than one linked, click the From field to switch accounts.
  4. Select whether you'd like to transfer funds to or from Simple.
  5. Enter the amount that you would like to transfer.
  6. Next, select the date you'd like the transfer to be withdrawn and whether or not you'd like the transfer to reoccur.
  7. Check the timeline and make sure you're ready for the transfer to go through (once a transfer request is submitted, there's only a brief window during which you can cancel it)
  8. Hit that Transfer button!

How long do transfers take?

Incoming Transfers Outgoing Transfers
3-4 business days 1-2 business days
  • A transfer request that is submitted before 8:35 p.m. ET (5:35 p.m. PT) on a business day will start processing that day.
  • Incoming transfers arrive around 11:30 a.m.-1:30 p.m. ET (8:30-10:30 a.m. PT) on business days.
  • When you schedule a transfer, we'll show you both the date the funds will be withdrawn from one bank, and the date the funds will be credited to the other.

    External transfer dates

Why do transfers take this long?

  • These transfers take a few days because there are a lot of steps involved, and each step goes through the central ACH (Automated Clearing House) network.
  • Incoming transfers take longer because we have to send a transfer request to the other bank, wait for them to send the funds, and then finish processing the transfer.
  • Outgoing transfers are a bit quicker because there's no need to request the funds. We just send the funds to the other bank and they credit your account.

Can transfers be canceled?

It depends—you can cancel a transfer up until it starts processing. Head over here to learn more:

Transfer Limits

Transfer limits vary and are based on a variety of factors. If you schedule a transfer for more than your limit, you will see an error. If you have any additional questions about your limit please reach out to us directly.

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