ouch...the one bank with a really nice user facing app...hoping to hear more details
I've been working on the app for almost 8 years. This means a lot to me. Thank you.
Thank you for your service! The app is really special.
Simple Bank Is Closing
61–70 of 615 posts
Re: Simple Bank Is Closing
#62Any alternatives that offer a similar Goals and Expenses feature?
Possibly OneFinance?[1]
Re: Simple Bank Is Closing
#63ouch...the one bank with a really nice user facing app...hoping to hear more details
I've been working on the app for almost 8 years. This means a lot to me. Thank you.
Absolute bravo. Thank you for supporting native platform features, your work was a shining example that others should strive to emulate.
Re: Simple Bank Is Closing
#64any speculation on why it failed? i was fairly optimistic on Simple a year or two ago and then they fell off the map
I don’t know a lot about bank economics, but it’s not clear to me how they would have made much money. Interest rates are basically 0%, and they didn’t charge much in the way of fees. I bank with Charles Schwab, which is very low cost in terms of fees, but I’m sure they make money by using my money in all sorts of trading shenanigans. (I feel somewhat guilty for contributing to the financialization of everything, but…
They made money on the interchange fees from their debit cards, as many other similar services do now.
Re: Simple Bank Is Closing
#65ouch...the one bank with a really nice user facing app...hoping to hear more details
I've been working on the app for almost 8 years. This means a lot to me. Thank you.
Second this. I've used the Android app for ages and it's always been a pleasure to use. As an Android dev myself I can really appreciate the performance and polish.
I'm sorry you have to see your work go like this. Best of luck to you!
Re: Simple Bank Is Closing
#66Simple has been on the decline for a long time, I remember before their acquisition, their support was great and slowly it declined. I think for a long time Simple has just been a nice UI and slowly fading away. This is the last lap for them.
Re: Simple Bank Is Closing
#67I'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 started out on ING Direct as well, but I stuck with it through the Capital One transition. Overall I'm still happy with the checking/savings account features, no maintenance fees etc. The mobile app/website is pretty good. However the "desktop" website is annoying as it's just a scaled up version of the mobile one, but it still gets the jobs done. Unfortunately they've removed the ability to easily add multiple savings accounts for budgeting, or at least I can't find a way to do it. Luckily I still have the ones I created back in the ING days.
Re: Simple Bank Is Closing
#68Earlier quoted context omitted.
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 like Ally but be warned that a lot of stuff doesn’t work on Firefox. Whole pages won’t load and the fonts are somehow blurry.
Works fine for me as a daily Firefox user.
Re: Simple Bank Is Closing
#69Can someone explain what Simple was so I might understand the significance of their closure?
Imagine if a bunch of Apple employees decided to open an online bank. It felt like that: intuitive bank app, no fees for most services, checking accounts, a nicely designed debit card (VISA), US-based customer service reps, no brick-and-mortar branches. They lived up to their name in their app and service. Hopefully, the Simple employees move over to BBVA.
[I only used their checking and savings features. I never used eBills, paper checks, etc, which some people weren't happy about. Certain companies also could not transfer money from the Simple checking account, like Robin Hood. However, I still kept the account open because for my limited needs (debit card and savings), the app was great and so was service.]
Re: Simple Bank Is Closing
#70Can someone explain what Simple was so I might understand the significance of their closure?
Simple was an online bank. They had no physical branches and charged very low fees. Personally, I think they're one of the best banks around, and I'm very disappointed to hear that they're shutting down.
I'm pretty sure no fees was one of the selling points.