Simple

Simple is one of the first mobile banking apps that has helped customers budget and save since 2012.

Budget and save with no hidden bank fees, with balances in Protected Goals Accounts earning a competitive interest rate.

Every aspect of a Simple checking account is optimized for branchless online banking, budgeting, and saving, so you can track spending and manage your money wherever you happen to be. Simple is personal finance made easy.

Without setting foot in a branch (or a bank stuffed into an ill-fitting mobile app), you have access to:

 • Built-in budgeting and saving tools

 • Visa® Debit Card

 • Photo Check Deposit

 • FDIC-Insurance up to the legal limit

 • Direct Deposit

 • External Account Linking

 • Instant Transfers to Other Simple Customers

 •   Third-Party Payment services like Square, Venmo, and Paypal

 • Block your card online if it's been lost or stolen

Simple

Brief: 'Simple' is an innovative banking and budgeting app that empowers its users to save prudently and spend wisely. The application transforms the act of managing finances into a more intuitive and stress-free experience by integrating saving tools, expense tracking, and smart budgeting methods seamlessly into everyday life.

Core Features:

• 🎯 Simple Goals: Set and automatically save for your financial goals, from unexpected expenses to dream vacations, in a dedicated Protected Goals Account with competitive interest rates.
• 💡 Simple Expenses: Automate your budget by setting up expenses once; Simple takes care of the rest, saving for recurring payments like bills, even allowing for shared expenses with partners in Shared Accounts.
• 📈 No-Penalty Certificate of Deposit: Invest your savings in a no-penalty CD to lock in a rate and ensure growth, with the flexibility to withdraw without penalties.
• 💰 Safe-to-Spend®: Experience guilt-free spending with the Safe-to-Spend® feature that calculates your spendable balance after accounting for bills and savings goals.
• 👫 Shared Accounts: Boost your saving potential by earning interest on joint accounts, perfect for managing bills and savings with a partner or housemates.
• 🔄 Round-up Rules: Save money effortlessly as purchases are rounded up to the nearest dollar, with the change saved directly into your Protected Goals Account.

Pros:

• 👍 Peace of Mind: The simplicity of tracking and managing finances reduces stress and enables better financial decisions.
• 👍 Automatic Saving: Users can effortlessly save for their goals without manual transfers.
• 👍 Shared Financial Responsibility: Shared Accounts help distribute budgeting and savings tasks between partners.
• 👍 Effective Budgeting: Innovative features such as Safe-to-Spend® help users to make informed and responsible purchases.
• 👍 Growth-Oriented: Encourages users to make their money work for them with competitive interest rates and no-penalty CDs.

Cons:

• 👎 Limited Functionality for Non-Savers: Users who are not focused on saving might not benefit as much from the app's features.
• 👎 Dependency on Regular Income: Automatic saving and budgeting functions best with a predictable cash flow.
• 👎 Potential Over-Reliance on Automation: Could hinder learning to budget manually.
• 👎 Internet Requirement: Must have internet access to utilize all features effectively.
• 👎 Partner Cooperation Needed: For Shared Accounts, both parties need to commit to using the app jointly for maximum benefit.

Price:

• 💵 The app is free to download and use. However, it may include additional services that come with fees. Banking services are offered in association with BBVA USA, ensuring FDIC membership security for users.

Since 'Simple' is a financial app and not a game, the 'Community' section is not included.