Pros

No monthly maintenance fees or minimum balances.
Over 50,000 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

4.5

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 May 9, 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.

Fee-Free Checking Account
$0
Monthly fee
None
Balance to waive monthly fee
Learn moreat Simple
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Overall
Customer service
Poor
Website / app
Poor
Rates
Fair
Fees
Fair
Anywhere But Here
Keep your money anywhere but here. If we were dealing out titles for Worst Bank Ever this would be it. A five day hold on a check when major institutions do 24 hours is crazy. Lost $1000 of my money they have yet to explain. Customer service is incompetent. DO NOT USE THIS BANK.
Overall
Customer service
Good
Website / app
Excellent
Rates
Good
Fees
Low
Great!
Simple is plain simple if you think about it. Consider it a bank account on-air. Despite the fact you can't deposit money personally into you account you must have a bank account open in your area. I experienced no problems as of yet. I use this account as an emergency savings account but categorized under checking account. Simple. If you want it to be a savings account, don't use it as a checking account and direct yourself to save up as much as you want. Simple is a great financial tool.
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