at Simple,

Deposits are FDIC Insured

Pros

No monthly maintenance fees or minimum balances.
About 40,000 domestic ATMs available.
No overdraft fees.
Up to 1.90% 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
1.90%
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

1.90%

Monthly Fees

$0

Bonus features

No overdraft/NSF fees

No Monthly Fee

10,000+ ATMs

BBVA USA

Online Checking

NerdWallet Rating

at BBVA USA,

Member, FDIC

APY

N/A

Monthly Fees

$0

Bonus features

N/A

Radius Bank

Rewards Checking

NerdWallet Rating

at Radius Bank,

Member, FDIC

APY

1.00%

Monthly Fees

$0

Bonus features

No Monthly Fee

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
Good
Website / app
Excellent
Rates
Good
Fees
Low
It's in the name-- so simple!
I've been a member for about 6 months now, and so far everything has been super easy. I love the app as I wanted to primarily be able to bank from my phone. There are no fees and the way the app is set up makes it extremely easy ( and sort of fun) to budget! I recommend it to all my other friends who are just starting out.
Overall
Customer service
Poor
Website / app
Good
Rates
Good
Fees
Low
They don’t care
I was a customer for over 5 years. Recently the decided to close my account and gave no reason as to why. I reached out ant they responded “we can not provide any further details about this account.” They will not respond to requests for support anymore. They are still holding onto all the funds that were in the account at the time they closed it. They don’t allow just accounts but have a way to share a third account for two customers. My wife filled out the forms to open an account and never heard any response. We reached out and they said it is a known bug in the account opening process. We have been told that for two years now and every time they say it will be escalated and resolved. I never had any issues until BBVA bought simple and now simple has all the issues BBVA has AND all the issues Simple has had. If there is a software bug or issue, don’t expect it ever to get fixed, and even after years of no issues, don’t expect them to value you as a customer. Everyone is a new low value customer in their eyes.
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