Bank, Budget & Earn Up To $300 On Top Of 2.02% APY

When You Open a New Individual and Shared Protected Goals Account with Qualifying Activities

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How to earn a $150 bonus for each new
Individual or Shared Protected Goals Account




Open Your Protected Goals Account

A Protected Goals Account is designed to help you save in a separate high-yield checking account, and is required to receive this bonus. 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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How to Fund Your Simple Account

  • Get started by adding Simple as an external account in your existing bank.
  • Depending on how your bank works, you may need to confirm several small deposits before sending funds to Simple.
  • Once your Simple account has been confirmed, you can transfer funds to your Simple checking account. That transfer generally takes 2-3 business days and you can check with your other bank to confirm their timelines.
  • Be sure to move those funds into your Protected Goals Account by 10/15/19 at 4:59 PM PT to earn 2.02% APY and maintain eligibility for the offer.
  • Simple also accepts wire transfers from your existing bank.
  • Check out this page to see all funding options
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Hi there, we're Simple

  • FDIC-insured
  • Earn up to 2.02% APY
  • Online checking account
  • Built-in budgeting and saving tools
  • Quick direct deposit set-up
  • No overdraft fees
  • Instant push notifications for every swipe
  • Over 40,000 totally-free ATMs
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At Simple we always have your interest(s) in mind

We want you to feel confident with your money and be rewarded when you save. Whether you’re saving up for a house down payment, wedding, college fund, or just a rainy day, a Savings Goal - and great APY - makes it easier. Your savings lives close by, but in a separate account, so you won’t accidentally spend it.

Shared accounts are twice as nice

When you and your partner open a Shared Protected Goals Account, your financial superpowers combine and give you another chance to save towards your goals and earn up to 2.02% APY, together.

In just a few clicks, you can be on your way to earning 2.02% APY on your Protected Goals Account. Get started today!



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Shared savings goal piggy bank

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 $150 Bonus?

To qualify, you must complete the following:

  1. Open a new Protected Goals account (if you already have a Protected Goals account open, you don’t qualify for the bonus) by 9/30/19 at 4:59pm PT.
  2. Transfer at least $10,000 into the new Protected Goals account by 10/15/19 at 4:59pm PT.
  3. Maintain a balance of $10,000 in the new Protected Goals Account until 12/31/19 at 4:59 PM PT.

Qualifying customers will receive the bonus credit into the eligible Protected Goals Account by 1/14/20 at 4:59pm PT.

How do I qualify for the $300 bonus?

To receive the full $300 bonus, you must open both a new individual Protect Goals Account and Shared Protected Goals Account and complete the following qualifying activities for each new account within the established timeframes.

  1. Open a new individual Protected Goals account (if you already have an individual Protected Goals Account open, you don’t qualify for the bonus) by 9/30/19 at 4:59pm PT.
  2. Transfer at least $10,000 into the new Protected Goals Account by 10/15/19 at 4:59pm PT.
  3. Maintain a balance of $10,000 in the new Protected Goals Account until 12/31/19 at 4:59 PM PT.
And,
  1. Open a new Shared Protected Goals account (if you already have a Shared Protected Goals Account open, you don’t qualify for the bonus) by 9/30/19 at 4:59pm PT.
  2. Transfer at least $10,000 into the new Protected Goals Account by 10/15/19 at 4:59pm PT.
  3. Maintain a balance of $10,000 in the new Protected Goals Account until 12/31/19 at 4:59 PM PT.

Qualifying customers will receive the bonus credit into the eligible Protected Goals Account(s) by 1/14/20 at 4:59pm PT.

How do I open an Individual Protected Goals Account?

If you’re new to Simple, you’ll need to open for a Simple checking account first. Click here to apply.

Once your new Simple Account is open (or you’re an existing customer), fund it. When your Simple Account has a balance, then you can open a Protected Goals Account by:

  • Clicking on 'Start a Savings Goal'.
  • Choose your funding method.
  • Review a summary of the account and when you are ready, click "Create Savings Goal".
  • Because this is a new account, we'll ask some basic questions about how the account is to be used. Once created, you'll find your Savings Goal created under the new Protected Goals Account.

For more information on how to open a Protected Goals Account, click here.

How do I open a Shared Protected Goals Account?

In order to open a Shared Protected Goals Account, you must:

  • Already have a Shared Account open with your partner, or
  • Apply for and open a Shared Account with your partner. If they already have a Simple account, they'll get an invite to open the Shared Account right away. If they don't have a Simple account, they'll be invited to apply for a Simple Account first.

Once your new Shared Account is open, you can open a Shared Protected Goals Account by:

  • Clicking on 'Start a Savings Goal'
  • Review a summary of the account and when you are ready, click "Create Savings Goal".
  • Because this is a new account, we'll ask some basic questions about how the account is to be used. Once created, you'll find your Savings Goal created under the new Protected Goals Account.

For more information on how to open a Protected Goals Account, click here.

What’s a Protected Goals Account?

A Protected Goals Account is a high-yield checking account designed for your savings. It stashes away your money separately from your main account so it's safe from accidental spending.

A Savings Goal is automatically created when you open a Protected Goals Account, and that's where interest credits are deposited at the end of the month. If you'd like another Protected Goal, open an Emergency Fund to establish a buffer of funds that's there when you need it most!

Your Savings Goal and your Emergency Fund are both a part of your overall Protected Goals Account.

For more information on how to open a Protected Goals Account, click here.

Is the interest rate fixed or variable?

The rate is effective as of June 6, 2019, is variable, and subject to change after the account is opened.

What is a Shared Account?

A Shared Account is a joint account with a partner. It’s separate from your individual account and has its own account number, Safe-to-Spend, available balance, debit cards (one for you and one for your partner), Goals, and transactions so you can bank, budget and save as a team.

When you open a Shared Account, you and your partner will each have an individual account (that belongs to just you) and the Shared Account (which you both own). Your individual accounts remain private—only you can access the funds or information on your individual account. While your individual accounts are separate, both parties must keep their individual accounts open in order to have a Shared Account together.

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 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 Protected Goals Account by 1/14/20 4:59 PM PT.

Accounts must be open and in good standing at the time of bonus credit.

Maximum of one (1) $150 bonus per eligible Protected Goals Account. Maximum of $300 in bonuses.

Simple employees are ineligible for this promotion.

‭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.

Bonus may be modified or withdrawn without notice.

Protected Goals Accounts opened prior to 7/31/2019 5pm PT do not qualify.


The finest print: The rate is effective as of June 6, 2019, is variable, and subject to change after the account is opened. Accounts subject to approval. Balances between $0.01 - 1,999.99 in your Protected Goals Account will earn 2.02% Annual Percentage Yield. Balances $2,000 and above in your Protected Goals Account will earn 2.02% APY.

1 Check it out for yourself (based on the May 27, 2019 National Rate): https://www.fdic.gov/regulations/resources/rates/