& be up to date!
Simple is a financial services provider offering an online and mobile banking experience. Simple is partnered with BBVA Bank and money deposited at Simple are FDIC insured.
Simple offers free checking accounts, a debit card, and an app. With Simple, everything is done online or through the mobile app. There are no physical locations or branches for you to visit. Having no physical presence or proprietary ATMs to service can keep operational costs low allowing Simple to offer you free checking.
Using Simple banking is, well, simple. You start by signing up for a free checking account through a streamlined online process. Within a few days, you’ll receive a Visa debit card attached to the account. You have immediate access to your accounts via the app.
To be eligible, you must be a US Citizen and at least 18 years of age with a valid Social Security number. A mobile smartphone is necessary to access your account.
The Safe-to-Spend feature lets you immediately know how much money is available for spending. It takes into consideration your upcoming bills, pending transactions, and savings goals. The feature is quite helpful in avoiding overdraft or not having enough to cover your fixed expenses.
No Fees – Simple does not charge any fees whatsoever. You won’t find fees for maintenance, returned items, non-sufficient fund, or overdrafts.
If you plan on using an ATM outside of their network, you will pay that ATM owner’s terminal fee. Additionally, if you travel overseas and use the debit card, VISA will charge you a 1% foreign transaction fee.