Bank, Budget and Earn Up to $500 and 2.15% APY with qualifying activities.

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How to earn a $250 or $500 bonus

Earn $250 Earn $500
1 Open a new Simple Account by 10/31/2019 4:59 PM PT. Open a new Simple Account by 10/31/2019 4:59 PM PT.
2 Deposit(s) totaling $10,000 or more must post to the new Account by 11/15/2019 4:59 PM PT. Deposit(s) totaling $20,000 or more must post to the new Account by 11/15/2019 4:59 PM PT.
3 Maintain a balance of at least $10,000 through 1/31/2020 4:59 PM PT. Maintain a balance of at least $20,000 through 1/31/2020 4:59 PM PT.
Things you should know
  • Balances in your Simple Account earn 0.01% APY. Also open an Individual Protected Goals Account to earn up to 2.15% APY and keep it safe from spending. Then we’ll use the combined balance between your Simple Account and Protected Goals Account to calculate your eligibility for the bonus.
  • Qualifying customers will receive the bonus credit to their Simple Account by 2/14/2020 4:59 PM PT.
  • Balances in Shared Accounts and Shared Protected Goals Accounts are excluded from the combined balance calculation.
  • Balances in all Simple accounts are FDIC insured up to the legal limits.



Benefits Of Your New Simple Account

Every aspect of a Simple checking account is optimized for branchless, online banking, so you have access to each feature wherever you happen to be, whenever you happen to need them.

Without setting foot in a bank (or a bank stuffed into an ill-fitting mobile app), have constant access to:

  • Visa® Debit Card
  • Deposits are FDIC insured
  • Built-in budgeting and saving tools
  • No Monthly Fees
  • Instant transfers to other Simple customers
  • Third-party payment services like Square, Venmo, and Paypal
  • Block your card online if it’s been lost or stolen

Open A Protected Goals Account to Earn Up To 2.15% APY

A Protected Goals Account is designed to help you save in a separate high-yield checking account. After creating your Simple Account, you can open a Protected Goals Account, from the Goals tab.

  • Tap 'Start a Savings Goal'
  • Choose your funding method
  • Review your summary and when you're ready, tap "Create Savings Goal"
  • Once opened, you'll find your new Savings Goal listed under your Goals tab
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Depositing Money Into Your Simple Account

There are lots of ways to get money into Simple, and the best one depends a lot on the situation. Here's a quick overview of the options:

  • Transfer from another bank account
  • Direct deposit
  • Checks
  • Wire transfers
  • Third Party Services
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Simple wall

Like a bank, but Simple

Banking shouldn’t be complicated. Or unfriendly. We don’t profit from customer confusion. We wake up every day excited to help our customers feel more confident with their money.

Frequently Asked Questions

How do I qualify for the $250 Bonus?

To qualify, you must complete the following:

  1. Open a new Simple Account by 10/31/19 4:59PM PT.
  2. Deposit(s) totaling $10,000 or more must post to the new account by 11/15/19 4:59PM PT.
  3. Maintain a balance of at least $10,000 through 1/31/20 4:59 PM PT.

Qualifying customers will receive the bonus credit into the eligible Simple account by 2/14/2020 at 4:59pm PT.

How do I qualify for the $500 bonus?
  1. Open a new Simple Account by 10/31/19 4:59PM PT.
  2. Deposit(s) totaling $20,000 or more must post to the new account by 11/15/19 4:59PM PT.
  3. Maintain a balance of at least $20,000 through 1/31/20 4:59 PM PT.

Qualifying customers will receive the bonus credit into the eligible Simple Account by 2/14/20 at 4:59pm PT.

How do I earn 2.15% APY?

Balances in your Simple Account earn 0.01% APY. Also open an Individual Protected Goals Account to earn up to 2.15% APY and keep it safe from spending. We’ll use the combined balance between your Simple Account and Individual Protected Goals Account to calculate your eligibility for the bonus.

To learn more about how to open an Individual Protected Goals Account, click here.

Are Shared Accounts eligible for the Bonus?

No, you must open a Simple Account and meet other qualifying activities to be eligible for the bonus.

Opening a new Individual Protected Goals Account, Shared Account or Shared Protected Goals Account does not qualify you for the bonus.

Balances in Shared Accounts and Shared Protected Goals Accounts are excluded from the combined balance calculation.

If I previously closed my Simple Account, could I still qualify?

No. This offer is for new accounts only.

Are there any fees associated with holding any accounts at Simple?

Although you may encounter fees while using your Simple Account, Simple will not charge you any maintenance fees for holding the account. For more information, please consult our Schedule of Fees here and here.

How do I transfer money in/out of Simple?

Here are some ways to get money into Simple, more information here:

  • Transfers from another bank account
  • Direct deposit
  • Mobile check deposits
  • Incoming wire transfers
  • Third party services (ex. Paypal, Venmo, Squarecash)

Here are ways to get money out of Simple:

  • Debit card transactions
  • ATM
  • Transfers to another bank account
  • Paper checks
  • Third party services

What are my transfer limits?

Transfer limits vary and are based on a variety of factors. Once you’ve linked your account, give us a call at 888-248-0632 or send us a support message to find out your limits.

Does Simple accept Wires?

Your Simple account can receive both domestic and international wires. Simple does not charge a fee to receive a wire. The sending bank and any intermediary banks (which some sending banks will use to process international wires) will typically charge a fee.

We're not able to wire funds from a Simple account, but you can electronically transfer funds to banks electronically by linking an External Account. You can also use a third-party payment service to wire funds from your Simple Account.

Offer Disclosure:

Qualifying customers will receive the bonus credit to their Simple Account by 2/14/2020 4:59 PM PT.

Accounts must be open and in good standing with a balance greater than or equal to $0.00 at the time of the bonus credit.

Maximum of one (1) $500 bonus OR one (1) $250 bonus per customer.

‭BBVA USA may report the value of the bonus to the IRS as ‭required by law. Any client whose tax status would require BBVA USA to impose tax withholding of any ‭sort will not be eligible for this bonus.

Offer may be modified or withdrawn without notice.

Balances in the Simple Account earn 0.01% APY.

Only balances $10,000 or more in the Protected Goals Account earn 2.15% APY. Balances $9,999.99 or below in the Protected Goals Account earn 2.02% APY.

The following customers and accounts are excluded from this promotion:

Customers with any Simple Account opened before 9/30/19 5:00 PM PT do not qualify.

Balances in Shared Accounts and Shared Protected Goals Accounts are excluded from the combined balance calculation.

Simple employees are ineligible for this promotion.


The finest print: The rates are effective as of October 1, 2019, are variable and subject to change after the account is opened. Accounts subject to approval. Balances in your Simple Account earn 0.01% Annual Percentage Yield. For the Protected Goals Account, see the rates below.

Daily Collected Balances

This means that we use the account’s
end of day balance to calculate the interest earned that day.
APY
$0.01 to $1,999.99 2.02%
$2,000 to $4,999.99 2.02%
$5,000 to $9,999.99 2.02%
$10,000 to $14,999.99 2.15%
$15,000 to $19,999.99 2.15%
$20,000 and above 2.15%

1 Check it out for yourself (based on the September 30, 2019 National Rate): https://www.fdic.gov/regulations/resources/rates/