at Simple,

Member, FDIC

Pros

No monthly maintenance fees or minimum balances
About 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

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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 Sept. 25, 2018

Checking

4.5

Simple offers a free 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
APY
0.01%
Monthly fee
$0
Balance to waive monthly fee
$0

at Simple,

Member, FDIC

How does Simple compare?

Simple

Fee-Free Checking Account

NerdWallet Rating

at Simple,

Member, FDIC

APY

0.01%

Monthly Fees

$0

Bonus features

No overdraft/NSF fees

No Monthly Fee

10,000+ ATMs

Chime

Spending Account

NerdWallet Rating

at Chime,

Member, FDIC

APY

N/A

Monthly Fees

$0

Bonus features

No Monthly Fee

No overdraft/NSF fees

10,000+ ATMs

Discover

Cashback Debit

NerdWallet Rating

at Discover,

Member, FDIC

APY

N/A

Monthly Fees

$0

Bonus features

No Monthly Fee

10,000+ ATMs

Live help 24/7

Not for you? Read more bank reviews
NerdWallet reviews are the result of independent research by our editorial team while accountholder reviews are contributions from independent users not affiliated with NerdWallet. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Hold on a Payroll Check
I deposited a payroll check from a new employer. Simple did not tell.me they were going to place a 5 business day hold on it till it clears. I tried calling customer service and no one was able to help.
Overall
Customer service
Excellent
Website / app
Excellent
Rates
Excellent
Fees
Low
Nothing but Great Things to Say
I have used Simple for 6 years now and have had nothing but great things to say about them. I recommend them to my friends and don't plan on switching myself. CONS: if you don't like mobile check deposits or not having a physical bank, not for you, as they are solely online.
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