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Simple Bank Is Closing

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21–30 of 615 posts

Re: Simple Bank Is Closing

#21
post #7

I used and was happy with Simple from the very beginning, right up to the point they removed the check sending facility. It wasn’t the removal of the facility itself that caused me to leave. It was the utterly disingenuous statement from the CEO explaining the removal. They got a lot of pushback on this, and ultimately the CEO wrote a defensive followup which was slightly more honest, but confirmed his original disin…

The problem was assuming anybody, much less Silicon Valley, would be breaking the narrative of banks being honest institutions.

Re: Simple Bank Is Closing

#22
Got the email earlier today, been a customer since 2012. Love their app, savings plans, etc.

Felt like the first time a banking app was modern, and even my BoA and Discover apps are woefully behind Simple to this day.

I doubt BBVA will provide a good replacement sadly.

Re: Simple Bank Is Closing

#23
post #16

I've been a Simple customer since launch, and have used it as my primary bank since ING Direct was turned into Capital One. It's mildly depressing to be reminded once again that the dream of startup founders these days isn't to build something, but to sell something... specifically to a bigger company. Which will inevitably delete the thing, once it serves its use. Which is to provide presence in some kind of defensi…

Consider Fidelity’s cash management account. Great mobile UX, great financial product.

Re: Simple Bank Is Closing

#24
post #7

I used and was happy with Simple from the very beginning, right up to the point they removed the check sending facility. It wasn’t the removal of the facility itself that caused me to leave. It was the utterly disingenuous statement from the CEO explaining the removal. They got a lot of pushback on this, and ultimately the CEO wrote a defensive followup which was slightly more honest, but confirmed his original disin…

What did you switch to after that?

Re: Simple Bank Is Closing

#26

Earlier quoted context omitted.

I've been working on the app for almost 8 years. This means a lot to me. Thank you.

I've worked in native apps for 3.5 years. Your apps are amazing and set a great example to how we should make a native experience. I hope your talents are put to use in other projects in the future!

Speaking of which, if anyone needs someone with 10 years of native Android experience, DMs are open (check my bio).

Re: Simple Bank Is Closing

#28
Moved my budgeting from Simple to YNAB a few years ago, but still sad to see Simple go. I was a big Simple proponent for a long time (even wrote some hacky automatic goal transfer software[0] before they introduced Expenses). Hopefully the employees can carry the great UX spirit of Simple to their next endeavors.

[0] https://github.com/bi1yeu/simple-autogoals

Re: Simple Bank Is Closing

#29
post #16

I've been a Simple customer since launch, and have used it as my primary bank since ING Direct was turned into Capital One. It's mildly depressing to be reminded once again that the dream of startup founders these days isn't to build something, but to sell something... specifically to a bigger company. Which will inevitably delete the thing, once it serves its use. Which is to provide presence in some kind of defensi…

I'm a happy Schwab customer. Their app isn't what you would call simple, but you can do almost all your investing and banking there (I say almost because I own some physical assets) and they refund ATM withdrawal fees.

Re: Simple Bank Is Closing

#30
post #18
post #16

I've been a Simple customer since launch, and have used it as my primary bank since ING Direct was turned into Capital One. It's mildly depressing to be reminded once again that the dream of startup founders these days isn't to build something, but to sell something... specifically to a bigger company. Which will inevitably delete the thing, once it serves its use. Which is to provide presence in some kind of defensi…

Former C1 employee: I would give Capital One another shot. Their tech and apps are best in class and and built in-house. They also contribute to the open source community (or did).

I second this. I was an ING Direct customer who was rolled into a C1 360 account and it's honestly been great. It's just a consistently hassle-free experience. TBH, I mostly use a combination of Fidelity + Merrill Edge these days due to my particular cashflow management setup, but I keep my C1 360 account open for use every now and then. It's night and day between C1 360 and Chase, BofA, etc.
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