at Simple,
Deposits are FDIC Insured
Pros
Cons
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Overall
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
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
at Simple,
Deposits are FDIC Insured
How does Simple compare?
Checking & Budgeting
NerdWallet Rating
at Simple
APY
2.15%
Monthly Fees
$0
Bonus features
No overdraft/NSF fees
No Monthly Fee
10,000+ ATMs
Rewards Checking
NerdWallet Rating
at Radius Bank,
Member, FDIC
APY
1.00%
Monthly Fees
$0
Bonus features
No Monthly Fee
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
