at Simple,

Deposits are FDIC Insured

Pros

No monthly maintenance fees or minimum balances.
About 40,000 domestic ATMs available.
No overdraft fees.
Strong 2.02% APY on protected goals balances.

Cons

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

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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
2.02%
Monthly fee
$0
Balance to waive monthly fee
$0

at Simple,

Deposits are FDIC Insured

How does Simple compare?

Simple

Checking & Budgeting

NerdWallet Rating

at Simple

APY

2.02%

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

Radius Bank

Hybrid Checking

NerdWallet Rating

at Radius Bank,

Member, FDIC

APY

1.00%

Monthly Fees

$0

Bonus features

N/A

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
Not an actual bank
Real banks are in the business to provide banking services. This is just a tech company trying to make money from Custer accounts but they don’t actually do any real banking. Needed a wire transfer to close on a home. Called them and they said they don’t do transfers. All banks do wire transfers. My closing was a disaster as a result. Couldn’t get a check in time either. It took them 1.5 days just to process the cashier check and another 1.5 days for me to get it. Totally unacceptable. Customer service was unhelpful and hung up on my realator....
Overall
Customer service
Poor
Website / app
Poor
Rates
Good
Fees
Low
ATM Options are the Worst!
It was easy to open an account with Simple. One huge frustration I have is that the ATM's they offer are not "normal" ones you think you can go to, to withdraw and/or deposit money as in cash. My options in my area are: 1 Tavern, 1 lottery/deli, 1 Buy 2, 1 Walgreen's, 1 Elks Lodge, and 1 Dari Mart. ALL of which have the ATMS located on the inside of the buildings and not available 24/7!!!! That is the absolute most frustrating of all. Especially when you need to have money immediately or put money into another bank account. The transfers aren't immediate! You have to wait. Not sure if I'll leave yet because I haven't had rejections of any kind. Just those two things are bothersome.
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