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https://www.androidpolice.com/2021/01/07/simple-bank-is-shut...
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.
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.
This is disappointing news. Their app is pretty nice and they made shared banking with my wife easy. I also have a backup Chase account. I just fired up their mobile app for the first time in awhile. It's a slow and cluttered mess. Hopefully a spiritual successor to Simple will emerge.
Coming from Chase and Simple, I've found Ally's mobile app and website both to be delightfully functional. None of the obnoxious advertising that plagues so many of Chase's user interfaces.
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…
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
What's your experience with YNAB? I use Mint for balances and USAA's forecasting tool to see the future, but I'm not terribly happy with either.
At first I was skeptical of YNAB -- the idea of giving every dollar a job and tracking transactions down to the penny seemed hellish -- but I've since become a convert. I like having all bank account and card transactions in one place and having the budgeting decoupled from the institutions. The goal-setting features are great. And keeping a careful budget of all inflow and outflow has been pretty easy and makes it nice to set up lots of small budgeting buckets. After an initial setup, it feels like a machine that keeps my finances in order without too much intervention.
If you get into YNAB, also check out the toolkit[1], which gives some additional budget analysis and planning tools.
[0] https://pcap.rocks/matt1688 (includes my referral code)
Been a huge fan of SoFi. They have similar features to Simple but offer a wider range of services
Earlier quoted context omitted.
Consider Fidelity’s cash management account. Great mobile UX, great financial product.
Can you speak a bit more about this? I actually have a Fidelity cash account open but I have no idea how to access it. I’m open to it though if I’m just missing something.
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…