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Simple Bank Is Closing

oregonlive.com

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Re: Simple Bank Is Closing

#91

The linked thread has been removed by the moderators and the entire subreddit is locked. You can view a backup of the original thread below (will take a few seconds to load). https://www.removeddit.com/r/SimpleBanking/comments/ksize0/s... Edit: Here is another article with the same information: https://www.androidpolice.com/2021/01/07/simple-bank-is-shut...

Our local newspaper has also chimed in:

https://www.oregonlive.com/silicon-forest/2021/01/simple-por...

Re: Simple Bank Is Closing

#93

I loved Simple for a long time -- I was one of the "beta" customers -- but I switched away from them over a year ago. I'd already been annoyed with them over something seemingly trivial; I go by my middle name and last name, not first and last, and want my credit/debit card to match that, reading "Middle Last". Everyone else allows me to do this and Simple did allow that... until we all had to migrate our accounts fr…

I can’t find any details on BoA having an equivalent feature to Simple’s Goal. Do you remember what it’s called?

Re: Simple Bank Is Closing

#94

Earlier quoted context omitted.

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 use the Fidelity iOS app and fidelity.com, and also have a checkbook and ATM debit card for it. They reimburse all ATM fees, checks are free, and it’s trivial to move money between it and your brokerage, investment, and retirement accounts. They don’t support Zelle, so if you need that P2P instant payment functionally, you’re better off with Ally (I keep a high yield savings account at Discover Bank as a Zelle slus…

[deleted]

Re: Simple Bank Is Closing

#95
I spent four years working at Simple, there are a lot of great humans there. Please reach out if there is anything I can do to help.

As for the product, it was great to work on and there was so much potential simply left on the floor. Really a shame to see that none of that will be realized.

Re: Simple Bank Is Closing

#96

On a related note, anyone got a good bank recommendation?

I just started researching alternatives last night. Nerdwallet is a good resource. Ally bank seems like the closest online bank in terms of customer support/services. They lack the advanced budgeting tools though, it seems.

Re: Simple Bank Is Closing

#97
post #50
post #18

Earlier quoted context omitted.

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've been really pleased with Capital One overall. The only thing that I wish could be resolved is that it can't be synced with You Need a Budget automatically.

If that syncing is done through Plaid (or maybe even if not), it might be fixed now. I use a similar product, Lunch Money, and syncing didn't work for a long time but within the past month it became possible.

Re: Simple Bank Is Closing

#98

Any alternatives that offer a similar Goals and Expenses feature?

Not a direct replacement but I used YNAB years ago when it was still a desktop app with one time purchase to own. It's still available with most of the functionalities (probably more) but as a website.

The app allows you to set up multiple budget accounts.

Edit: link https://www.youneedabudget.com/

Re: Simple Bank Is Closing

#99
post #93

I loved Simple for a long time -- I was one of the "beta" customers -- but I switched away from them over a year ago. I'd already been annoyed with them over something seemingly trivial; I go by my middle name and last name, not first and last, and want my credit/debit card to match that, reading "Middle Last". Everyone else allows me to do this and Simple did allow that... until we all had to migrate our accounts fr…

I can’t find any details on BoA having an equivalent feature to Simple’s Goal. Do you remember what it’s called?

Never mind, it’s called Goals. It’s not a good replacement for Simple since it doesn’t have the Safe-to-spend feature.

Re: Simple Bank Is Closing

#100
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 use Ally, it's an online-only bank with a good website & app, and great customer service: https://ally.com/

FYI Ally is just a marketing rebrand of GMAC, one of the financial giants involved in the 2008 housing crash. That alone makes me steer clear of them.
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