at Simple,

Deposits are FDIC Insured

Pros

No monthly maintenance fees or minimum balances.
About 40,000 domestic ATMs available.
No overdraft fees.
Earn 1.55% APY on protected goals balances.

Cons

No way to deposit cash directly.
No bill-pay feature.

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Overall

4.5

Simple offers free, online checking and savings accounts designed to be used mostly on your smartphone. It comes with a Visa debit card and a handful of first-rate mobile banking tools. It’s a good bet for those who want to avoid fees and overdrafts and want to bank primarily over an app.

 

Ratings methodology | Updated July 25, 2019

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, and it lets you save up for monthly bills and other expenses with each paycheck. And it’s not all about online — you can still order checks.

 

» Compare your options with NerdWallet’s best online checking

Checking & Budgeting
APY
1.55%
Min. balance for APY
$0

at Simple,

Deposits are FDIC Insured

Account
APY
0.01%
Monthly fee
$0
Balance to waive monthly fee
$0

at Simple,

Deposits are FDIC Insured

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
Excellent
Website / app
Excellent
Rates
Excellent
Fees
Low
I am laughing out loud
I am laughing out loud on other reviews lol Hard to use interface review was the funniest one I've ever read in my life. If their interface is too hard to use, I don't know where you can even go banking. This bank name is "Simple" if you know what that means. Great customer service, thru the message. Usually you receive reply back within an hour or so. Very friendly people, I joined Simple when they first launched their service, no complains but only compliments.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
Low
Horrible Response to Errors
This bank has been nothing but a nightmare to deal with since day one. If it weren't for the fact that I was in the process of buying a house I would have already left. There is no one to talk to that can actually give you any answers. There is only first line support. Having polite employees means NOTHING when no one can provide an answer or a solution. I may lose the opportunity to purchase my house because someone forgot to overnight my check. They even admitted that is what happened and when it was stated that the check was absolutely needed the next day, it still wasn't in the mail. It's mailing the day after needed, even when all the deadlines were met and the submission for the request was followed up on. How anyone can think this is acceptable and no one from the company do the work, I am at a loss.
Some of the reviews on the NerdWallet site were purchased through a third party provider. Users who post a review directly on the NerdWallet site will not be compensated in any way. Please see our Terms of Use and Posting Guidelines for more information.