Advertiser Disclosure

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
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
Fair
Website / app
Excellent
Rates
Poor
Fees
Low
Shady
Was attracted to Simple because of their envelope feature (now I use Qapital for that) but I was iffy about putting my money with them so I transferred $10 from my Citibank checking account. Took a few days to be processed. I used my card only 3 times at fast food places I frequently used my Citibank debit card at (with no problems) and when I had $2.30 left in my account I got an alert that my card was used at a gas station in the Bronx (I'm never in the Bronx and I don't drive). Immediately locked my card and the pending transaction was cancelled so my money was put back. I messaged customer service through the app and got a response 5 hours later and they froze my account and sent me a new card. While I appreciated that customer service was somewhat prompt with fixing my problem, they mentioned that using a debit card at fast food places, etc is always a risk of fraud...but I had never had any problems using my Citibank debit card at either of these places. Thank God I didn't deposit the $300 I was gonna start with. If you're gonna use this app, be very cautious! I only wanted Simple as a savings account (don't care about the very low interest) but I now just use Qapital which I haven't had any problems with thus far.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Love it
I've been using this for over a year and I finally am able to save money and be able to budget my life, not sure if these other bad reviews are due to them just not really using it. If you don't even setup direct deposit why would you even enjoy it? I have a bank of America account and simple and I never looked back. I've got multiple people on this and they enjoy it. No calling bank lines holding you can text a reply or just call. Full control of blocking the card if needed this made a world of difference I fill my goals and then don't worry about using money I wouldn't have. I also save goals for long term for a plane ticket each year to visit home. Don't be fooled by people who haven't actually tried it. You can put one foot In and expect to have the experience... It's a great system and anytime I use my card I immediately know a charge was spent. Great job and thank you for making life easier money wise. Before this I dreaded logging into my bank account, now I look forward to it.
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