Simple
26 Reviews

Simple

Banking & Budgeting, Made Simple.
Online banking with tools to help you budget and save and friendly customer service.

Overview

Simple is an online bank that offers banking products like savings accounts and personal loans, budgeting, and saving tools—all easily managed through a mobile app.

The Story

Simple was founded back in 2009, born from the frustrating experiences of future founder Josh Reich and his friend (and future co-founder) Shamir Karkal: hidden fees, unnecessary products, long waits, and complicated conversations. They wondered:

  • Why can banking is so complicated?
  • Is it possible for a bank to help people, not baffle them?
  • How about if banks didn’t charge so many fees?
  • What banks educated customers to feel confident with their finances?

And in the process of answering all these questions, Simple was born. Even after moving to its new base in Portland, Oregon, they are still asking similar questions to keep answering them.

Checking Accounts

Simple offers banking products conveniently managed through a mobile app available for Android and iPhone devices. With smart spending built-in tools, the app also helps you set savings goals, keep track of your budget and expenses to help you achieve your financial dreams.

Services and products include FDIC-insured online checking accounts (personal or shared), high-yield accounts, certificates of deposit accounts (CD), and personal loans. All their accounts are free with no hidden fees.

Simple takes your money’s safety very seriously, offering mobile banking security features such as two-factor authentication, fingerprint unlock, chip technology in your card, or photo check deposit to help you go branchless. Other perks of banking with them are easy money transfers (including instant ones between Simple customers) and friendly, helpful, kind, and personable customer service to help you have questions.

They understand the banking industry needs to change for the better. They are working to change it for all of us. To, well, make banking way more Simple.

Simple Banking

When you open an account, they help you manage your expenses using “Safe-to-Spend”, a tool that accounts for future bills and budgets against your available balance to let you know when you can afford things. Therefore, you can easily manage your money and meet your saving goals in three easy steps:

  1. Direct-depositing your paycheck or transfer from another bank to add money to your account.
  2. Your expenses and goals are covered automatically.
  3. Use “Safe-to-Spend” tool and spend with certainty.

Open an account today and start banking Simple.

Simple

Reviews 99

XXX%
XXX%
XXX%
XXX%
XXX%
{{rev_ago}}
{{rev_source}}
{{rev_text}}

Featured

26701 Reviews
Read this MoneyLion review about the financial app’s key features, from investing and direct deposits to rebuilding your credit score.
3726 Reviews
The Greenlight debit card for kids helps parents teach good financial habits to kids through a managed app and personal savings tools.
2323 Reviews
BankMobile is the first fully digital bank, aiming to provide a robust financial platform to help your finances flourish.

Simple Products and Services

Checkings
CDs
Loans
Checkings

Online Checking Account

Get a Visa Debit card, deposit funds from your mobile phone, connect external accounts and payment services, and customer service when you need it. All fee-free.

Learn more

High-Yield Checking Account

After you have opened a free Simple Account for day-to-day spending, open a high-yield account to set aside the money that earns interest while saving up.

Learn more

Shared Checking Account

Share everyday finances or only for a trip, your choice setting shared saving goals.

Learn more
CDs

Certificate of Deposit Account

This no-penalty CD lets you lock in a rate that guarantees growth for your savings, knowing exactly how much your deposit will earn.

Learn more
Loans

Personal Loan

Pre-qualified customers can get fixed-rate debt consolidation loans to help you manage debt more quickly.

Learn more

Why Us

Mobile App

Manage your accounts using an online mobile app. Add your expenses and goals to help you manage your money automatically.

Free Secure Accounts

Simple accounts are free, and all checking accounts are FDIC-insured.

Safe-to-Spend

A budget tracker that does the math for you to spend on the fun stuff stress-free.

Contact Us

You can contact Simple by phone if you need immediate attention from 7am to 3pm PT (10 am to 6 pm ET) on business days, and from 7 am to 12 pm PT (10 am to 3 pm ET) on Saturdays. Phone lines are closed on holidays and Sundays. If you are a customer, you can send a message through your account on the web or mobile app.

Related Articles

Don’t want to wait for a debit card to arrive? Get an instant virtual debit card instead. We’ll share how to get it and why you should.
Read more
Has a check been sitting on your desk for a while? It could be expired. We’ll share when checks expire and reasons to cash them immediately.
Read more
How much should you save a month? We’ll provide some factors to consider when assessing your personal finances.
Read more

More Like This

Connect with Us

Latest News

Don’t want to wait for a debit card to arrive? Get an instant virtual debit card instead. We’ll share how to get it and why you should.
Read more

This page’s information results from independent research by our editorial team, who does their best to reflect factual and accurate information about the financial institution and its products. Financial institutions are not responsible for the content posted on Banks.com; visit the financial institutions’ website or contact it directly if you have any questions.

If you work for this financial institution and want to adjust any information, contact us at [email protected].

Advertisement Disclosure

Product name, logo, brands, and other trademarks featured or referred to within Banks.com are the property of their respective trademark holders. This site may be compensated through third party advertisers. The offers that may appear on Banks.com’s website are from companies from which Banks.com may receive compensation. This compensation may influence the selection, appearance, and order of appearance of the offers listed on the website. However, this compensation also facilitates the provision by Banks.com of certain services to you at no charge. The website does not include all financial services companies or all of their available product and service offerings.