Making Large Purchases With Simple

Making Large Purchases With Simple

If you have to make a large purchase (something that exceeds the Spend Limits for card purchases), don't worry—there are lots of options.

  1. If you know how much you'll need several days in advance, we may be able to issue a cashier's check if you reach out to us with a request. There aren't any limits on cashier's checks.
  2. If the merchant is able to automatically debit your account, that's another possibility.
  3. 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 (though there might be limits on their end).
  4. There are no limits on the amount you can write a paper check for.

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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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