This offer has expired and is only listed for reference.

Bank, Budget and Earn Up to $300 with qualifying activities.


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 a 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
    • Qualifying customers will receive the bonus credit to their Simple Account by 5/15/2020 4:59 PM PT.
    • Balances in your Simple Account earn 0.01% APY. Also open an Individual Protected Goals Account to earn up to 0.30% 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.
    • 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 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
  • Checks
  • Wire transfers
  • Third-party services
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

Offer Disclosure:

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 February 24, 2021, are variable and subject to change after the account is opened. Accounts subject to approval. Balances in your Simple Account earn 0.00% 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.
APY
$0.01 to $1,999.99 0.30%
$2,000 to $4,999.99 0.30%
$5,000 to $9,999.99 0.30%
$10,000 to $14,999.99 0.30%
$15,000 to $19,999.99 0.30%
$20,000 and above 0.30%

Important! This account is for your personal use only

An increasing number of customers are being targeted by fraud scams. Before you apply, review these guidelines to help prevent you from being involved in fraudulent activity.

Do not open an account on behalf of someone else
If anyone asks you to open a Simple Account to receive funds, it is an attempt at fraud. Common fraud attempts include requesting that you open an account to receive a gift or bonus offer, obtain a job or job training, or help someone else receive funds (such as unemployment benefits).

Do not share your login or account information with anyone
Neither Simple nor any other legitimate institution will ever ask for your account information. If any third party requests your Simple Account login information, it is an attempt at fraud. Sharing your account information with another person or allowing someone else to use your account to receive funds is a violation of the Simple Deposit Account Agreement terms and conditions and can expose you to fraud.

Actions we may take if fraud is suspected

We take fraud and security very seriously at Simple, and take rapid action in the instance of suspected fraud attempts.

We may freeze and close accounts
We may freeze and close accounts if fraudulent activity is suspected, including the following circumstances:

We will report fraud attempts
We are responsible for reporting fraud attempts to authorities, including attempted unemployment fraud. 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.

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