Pros

No monthly maintenance fees or minimum balances
Over 40,000 domestic ATMs available
No overdraft fees

Cons

No way to deposit cash directly
Simple's bill-pay feature can't process some payments, including taxes
No savings account or CDs

Overall

4.0

Simple is a free, all-digital checking account designed to be used mostly on your smartphone. It comes with a Visa debit card and a handful of first-rate mobile banking tools.

Ratings methodology | Updated October 23, 2017

Checking

4.5

Simple offers a free, branchless checking account with mobile budgeting tools — but no way to deposit cash directly. The mobile app keeps a running tally of how much money is "safe to spend" after accounting for scheduled bills, savings and transfers. It's a good bet for those who want to avoid fees and overdrafts and want to bank primarily over an app.

 

Need a place to stash your savings? Check out NerdWallet’s best high-yield online savings accounts

Fee-Free Checking Account
$0
Monthly fee
None
Balance to waive monthly fee
Learn moreat Simple
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Overall
Customer service
Excellent
Website / app
Excellent
Rates
Excellent
Fees
Low
Simply Amazing
There's nothing to hate about simple. Customer Service is as nice as they come, the app is absolutely stunning and frequently updated. No rates or fees.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Wow. They have turned around completely. They are a different company than they once were.
Okay, so after my phone call today 10:00am MST 12/28/17 (which i was on hold for 32 minutes before someone named Magaly L picked up) I have decided to close down my, and my wife's, Simple account. This is largely due to the incompetent and inexistent customer service that I, and by the looks of it, many others have experienced over the last 3 months. My frustration started when I decided to try using Simple again by having a new card sent to me. I didn't hear back from the support message until a week later, which was someone confirming my address before sending my new card, then i confirmed it, didn't hear back that it was sent until 1 more week went by. Then they say they only send it USPS which takes a couple of weeks to get to me. I never received it. So this is a process that has taken about a month to take care of. If I was a bank, you think I'd want my customers getting my card and using it right away. When I message AMEX about needing a new card, i have one overnighted ASAP. So I ended up communicating again by to a Sean J in the support section, expressing my of the website who mentioned that they were sorry for all the long delays with support and that they would be able to Expedite a new card to me with a tracking number if I would be willing to continue my journey with Simple. I eventually told them yes that i would be willing to give them another shot, because in truth, i really loved simple, they were a great company at the time i used them in the past. They offered great support, a great app, and a fun way to budget my money. Unfortunately, i never heard confirmation that my new card was coming in the mail. Fast forward to today, when i have time to call them on the phone and get some verbal confirmation rather than waiting weeks for a reply on my support message. I finally talk to someone on the phone. I saw some light out of the tunnel. Once i get new cards, i don't have to deal with their support again! (or so i thought). The support representative saw the message from Sean J about expediting me a new card and understood some of my frustrations and put me on hold to get authorization to send me a new card. She came back with bad news, I was going to have to WAIT two weeks for a new card to be sent USPS. I laughed and told her how blown away i was with their support. I then mentioned i was going to close my account. I heard back from the support rep, "Just because you are closing your account, it doesn't change my mind on expediting you a new card." I told her that I actually felt bad for them, I originally ranted and raved about them, but they are now a garbage company, with garbage support. All it would have taken was to send me a new card in an expedited manner due to the frustration with support i've received over the last few months. They weren't willing to do that, in fact, they seemed almost relieved that i was closing my account down. In case you are wondering, I was never rude, belittling, or raised my voice with the support representative. I understand that I was talking to a low-level representative reading scripts and procedures. So it wasn't my goal to make her day worse than it probably already was. But to have two support reps immediately move toward helping me close my account seems odd. You should always have some sort of retention with your customers. Unless all you care about is your customer-base dying, so you can be faster with your support messages. See this message from their marketing team : "If you can hold off on contacting us unless something urgent comes up, we’d so appreciate it. That will help us catch up and get back to our normal response times." When you are a bank dealing with money, you can't expect to send a message like this. Poor taste. They are a different company after being bought out. They are not the same company I was used to dealing with. I will be closing my account and my wife's account down ASAP. If you are reading this thinking it'll be a fun company. Think again. They are nothing but a flashy, trendy app and website.
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