How to earn a $150 or $300 bonus
|Earn $150||Earn $300|
|1||Apply for a new Simple Account by 2/15/2020 3:59 PM PT.||Apply for new Simple Account by 2/15/2020 3:59 PM PT.|
|2||Deposit(s) totaling $10,000 or more must post to the new Account by 3:59 PM PT 10 calendar days after account opening.||Deposit(s) totaling $20,000 or more must post to the new Account by 3:59 PM PT 10 calendar days after account opening.|
|3||Maintain a balance of at least $10,000 through 4/30/2020 4:59 PM PT.||Maintain a balance of at least $20,000 through 4/30/2020 4:59 PM PT.|
Things you should know
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 up to the legal limit
- 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 A Competitive 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
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
- Wire transfers
- Third Party Services
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
To qualify, you must complete the following:
- Apply for a new Simple Account between 2/1/20 and 2/15/20 at 3:59PM PT.
- Deposit(s) totaling $10,000 or more must post to the new account by 3:59PM PT 10 days after the account is opened.
- Maintain a balance of at least $10,000 through 4/30/20 4:59 PM PT.
Qualifying customers will receive the bonus credit into the eligible Simple account by 5/15/2020 at 4:59pm PT.
- Apply for a new Simple Account between 2/1/20 and 2/15/20 3:59PM PT.
- Deposit(s) totalling $20,000 or more must post to the new account by 3:59PM PT 10 days after the account is opened.
- Maintain a balance of at least $20,000 through 4/30/20 4:59 PM PT.
Qualifying customers will receive the bonus credit into the eligible Simple Account by 5/15/20 at 4:59pm PT.
Balances in your Simple Account earn 0.01% APY. You can also open an Individual Protected Goals Account to earn up to 1.90% 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.
Yes. We’ll use the combined balance between your Simple Account and Individual Protected Goals Account to calculate your eligibility for the bonus. This means that you can keep some or all of the balance in your Simple Account or your Individual Protected Goals Account. As long as the total between the two accounts meets or exceeds the offer requirements, you’re eligible for the bonus.
No, you must apply for a Simple Account and meet other qualifying activities to be eligible for the bonus.
Applying for a new Individual Protected Goals Account, Shared Account or Shared Protected Goals Account does not qualify you for the bonus.
No. This offer is for new accounts only.
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
- Transfers to another bank account
- Paper checks
- Third party services
Transfer limits vary and are based on a variety of factors. Once you’ve linked your external account, give us a call at 888-248-0632 or send us a support message to find out your limits.
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.
Qualifying customers will receive the bonus credit to their Simple Account by 5/15/2020 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) $300 bonus OR one (1) $150 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.
The following customers and accounts are excluded from this promotion: Any person who has applied for or opened any Simple Account before 4:00pm PT on 1/31/20 is ineligible to participate in this promotion.
Simple employees are ineligible for this promotion.
The finest print: The rates are effective as of December 17, 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. In order to open a Protected Goals Account, you must already have a Simple Account open. 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.
|$0.01 to $1,999.99||1.75%|
|$2,000 to $4,999.99||1.75%|
|$5,000 to $9,999.99||1.75%|
|$10,000 to $14,999.99||1.90%|
|$15,000 to $19,999.99||1.90%|
|$20,000 and above||1.90%|